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Politics : View from the Center and Left
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To: Paul Smith who wrote (140940)7/16/2010 12:40:15 PM
From: Cogito  Read Replies (1) of 542809
 
I, too, don't like using terms like "rich" when speaking about policy. As long as it remains undefined, it's meaningless.

You can say our tax system is progressive because so many people pay no income taxes, but then you're only looking at one end of the system. But I think you need to look at both ends. What's happening at the upper end is not progressive.

I'm inclined to support the idea of a flat tax, anyway, though I would expect the rates to roll off at the bottom end. First 40k nothing, above that 15%. Or whatever. But along with that you'd have to get rid of most deductions.

And I do not for the life of me see why income from dividends and interest is taxed at a lower rate than income from labor is.
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