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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (1083)	1/30/2002 8:36:24 PM
From: Quincy	Read Replies (1) \| Respond to of 1715

I believe it would actually increase Forbe's tax rate. Otherwise, soft money and other campaign donations would have put that postcard in your mailbox by now with a Microsoft hologram on top. (tax plans aren't flat if it has a deductible. That makes them simple.) Progressivity. Under the flat tax, the more you earn, the more you pay. In fact, because of the high family exemption, the more a taxpayer earns, the greater the share of his income he pays in tax. As the chart shows, a family of four earning $25,000 would owe no tax under the proposal. A family of four earning $50,000 would pay only six percent of its income in income taxes while a family earning $200,000 would pay 14 percent.