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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (18134)	2/9/2001 1:44:49 PM
From: FlameMe	Read Replies (1) \| Respond to of 24042

--OFF TOPIC--- Top rate drops from 39 to 33%. Savings = 15% Bottom rate drops from 15 to 10%. Savings = 33%. The surplus came from the taxpayers. Even Bush is taking money sent in by the top income earners and giving it back to the bottom in this plan. All this talk about the rich benefitting the most is a canard. There is no way you could have a $1.6 trillion tax cut by only cutting bottom rates, because they don't even pay that much in the first place. It is amazing that the liberals, who are supposedly intellectuals, think that average americans do not see that reducing the bottom rate from 15 to 10% is a better deal than reducing the top rate from 39 to 33%. Also, to think that the rich will go out and buy a Lexus is crazy. They have plenty of money for a Lexus already. They'll probably invest it or start a business or hire someone. Even if they do buy a Lexus, everyone benefits - the salesman, the mechanic, the dealership, etc. And, one more thing. In 1980 the top rate was 70%. Reagan reduced it to 28%. In his term, the federal government doubled the amount of revenues it received from $500 billion to $1 trillion. Lowering taxes often increases revenues. Liberals should love tax cuts. Sorry for the rant, ross