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

To: michael97123 who wrote (43326)3/8/2001 9:34:14 AM
From: daryll40  Read Replies (4) | Respond to of 70976
 
Michael,

You are right that 39.6% (plus all the other taxes) is too much. You forgot, however, to tell the REST OF THE STORY. In 1986, they reduced the maximum tax rate to 28% BUT TOOK AWAY PREFERENCES AND MANY DEDUCTIONS. It was a bad deal since they, soon after in "read my lips" 1990, started creeping the rate back up WITHOUT reinstalling the deductions.

But liberals won't tell that part of the story. Because the "rich" are greedy and are't paying their fair share.

Daryll40



To: michael97123 who wrote (43326)3/8/2001 7:15:33 PM
From: Cary Salsberg  Read Replies (3) | Respond to of 70976
 
RE: "... but a 39.6% tax on a low 6 figure income for a married couple--How could that be good?---come on Jerome help me out..... Mike"

If it is not good, raise the brackets, don't lower the rates. How about 39.6% on a middle 6 figure income or a high 6 figure income?


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