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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (149454)	10/27/2004 6:48:08 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 281500

OT -- Sigh, If there is a say $100 in tax cuts and I say most of it went to group X, then the normal interpretation is that group X gut at least $51 of it. This is not what happened with Bush's tax cuts.

To: TimF who wrote (149454)	10/27/2004 6:51:31 PM
From: michael97123	Read Replies (1) \| Respond to of 281500

41% tax rate was obscene and post salad days of late 90s its use as bread to wipe up the excess gravy (liquidity) was leading to disaster. Rich guy might get 20K but for the working class stiff his 2k means a lot more day to day. Low rates leads to more investments. Low cap gains and end of double taxation of dividends do the same as does limitations on death tax. However there is a war on and since we are short, along with spending cuts we should adopt a temp surcharge on all taxes paid on a year to year basis. Say 10% so rich guy gets a $2000 bill and working class stiff pays $200. mike