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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (434248)11/10/2008 5:58:57 PM
From: i-node  Read Replies (1) of 1574005
 
Its not socialism.....its called a progressive tax plan and its been in place at least since WW II if not longer.

I know of nobody who has complained about progressive income taxation, other than minor bitching about the rates on this income or that.

The real complaint is with the welfare aspects of EITC, which will spin totally out of control under Obama. Already, a person can receive a $5,000 welfare payment each year under EITC, and Obama wants to expand even that.
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