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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (543454)	2/20/2004 8:23:30 PM
From: Steve Dietrich	Read Replies (1) \| Respond to of 769670

<<"So to be clear you think a flat tax is unfair because it taxes the top too much, right?" You haven't even explained how you plan to do this. Not answering until you give specifics on how you would do it.>> I'm talking about income taxes here. You say the top 1% pay 36% of the taxes and earn 43% of the money. If the tax were flat they'd be paying 43% of the taxes. That's 20% more than they pay now. Do you think that would be too much? Do you think a flat income tax would be unfair to the wealthy? That seems to be what you're saying. I just want to be clear. <<And they do. You call it regressive, but the top rate is 35%.>> You say the top 1% earns 43% of the income but pays only 36% of the taxes. That's regressive by definition. Do you know what regressive means? Steve Dietrich