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To: Raymond Duray who wrote (27155)	1/8/2003 6:49:26 PM
From: Moominoid	Respond to of 74559

Well you could raise the tax on higher incomes after getting rid of the corporation tax if you wanted. A key economic concept is the incidence of a tax - who actually bears the cost eventually. The corporation tax isn't eventually shouldered by just the stockholders. It raises prices, reduces wages and employment etc. Now the burden of higher taxes on high personal incomes might also be partly shouldered by poorer people too, but I suspect a little less and the system would be simpler with none of the need for all the confused loopholes that you mention.