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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (585685)	9/15/2010 3:24:20 PM
From: Bill	7 Recommendations Read Replies (2) \| Respond to of 1573927

How to step off Air Force One with dignity while representing the greatest nation on earth!

To: tejek who wrote (585685)	9/15/2010 5:58:12 PM
From: TimF	1 Recommendation Read Replies (5) \| Respond to of 1573927

Arguing for a bad policy based on the point that policy used to be worse in the past isn't much of an argument. Also those past high top rates kicked in at much lower levels, compared to the mean or median income, then the new 39.6% rate will kick in, and the wealthy tax payers had an easier time avoiding the top rates. There where many deductions that are not available now (for example non-mortgage interest could be deducted), and the AMT didn't start until 1970, didn't effect many people to awhile after that, and had a lower rate before 1993. Also other tax rates where generally lower when the federal income tax's marginal rates where higher. A 39.6% top rate isn't outrageous. Yes it is. But the main point is just that its harmful. It doesn't have to be outrageous to cause harm.