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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (2157)	9/5/2008 2:50:15 PM
From: TimF	Respond to of 86356

OT The main reason (but probably not the only one) I'd object would be that if we have a low income tax it won't be likely to remain low. The temporary (and probably unconstitutional) income tax during the civil war was only 3% of income over $800 initially than later 3% incomes above $600, rising to 5% for incomes above $10,000. With the 16th Amendment and the permanent income tax you had a 1% rate (with a 6% surcharge on the massively rich, it only applied to taxable income over $500k in 1913). Now look at the tax rates.