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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (125277)	10/4/2000 3:33:15 PM
From: Joe NYC	Respond to of 1570090

Jim, I believe the top 1% of earners pay about 50% of the taxes. This is not known to most people. Al Gore exploits this ignorance. He said: "I agree that the surplus is the American people's money; it's your money. That's why I don't think we should give nearly half of it to the wealthiest 1 percent, because the other 99 percent have had an awful lot to do with building this surplus and our prosperity." He knows well where the tax money is coming from, but he will not hesitate to lie to perpetuate public's mis-perception of reality. Joe

To: Jim McMannis who wrote (125277)	10/4/2000 4:10:47 PM
From: david_langston	Respond to of 1570090

Jim, Gores $10k tax deduction for college is REALLY $800. You have to divide the $10K by your marginal tax rate then figure in deductions. I was surprised Bush didn't bring this up. Perhaps he didn't know. I think he covered this in general with "fuzzy math" and "phony numbers" although it would have been nice if he could have stated that after the taxes are processed the $10K really means only $800 in your pocket. He might have had to explain how it works out that way. Kind of tough to do in a minute. The best tax return plan is the simplest. Bush's plan wins hands down in this case. No government meddling with money that rightfully belongs to taxpayers. Dave