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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (43050)	3/4/2001 7:27:06 PM
From: michael97123	Respond to of 70976

Jerome, There is very little wiggle room left to minimize tax liablilities. That was the beauty of the Reagan reform. Lower rates, fewer deduction, more incentives and more revenue. Mike

To: Jerome who wrote (43050)	3/4/2001 8:19:24 PM
From: Math Junkie	Respond to of 70976

"But my friends that have incomes in excess of that amount have skillfull accountants that minimize the tax rates. Some of these schemes (legal) are real works of art." One of the problems with confiscatory marginal tax rates is that they increase the incentive for that kind of thing, thus making for an incredibly complex tax code, and diverting an army of accountants from work that would actually produce something of value in the world.

To: Jerome who wrote (43050)	3/5/2001 7:12:39 AM
From: daryll40	Read Replies (1) \| Respond to of 70976

Daryll40..Again, I ask Jerome, how much IS enough? What SHOULD the top tax rate, say on incomes above $200,000, be? JEROME: To this I can say I honestly don't know Jerome, With all due respect, you did exactly what EVERY liberal I've ever met does when I ask that question...obscure your answer with an anticdotal story that is supposed to imply greed of high income taxpayers. I really want to know...what do YOU (and other liberals) think is a FAIR tax rate for high earners? Once we can agree on that, if possible, THEN we can decide how to spend it. Liberals, in my experience, just want "MORE" to spend no matter how much. But let's reduce it to an individual level and figure out, at least, were we differ. What would you make as the "fair" tax be on $200,000 of income? Daryll40