Paul M Foster wrote:
> Another way of looking at this is that if you penalize production, you
> get less of it. It's reasonable to say that, in general, the higher
> one's income, the more s/he produces. Yet tax rates steeply rise with
> income.
The goal of a capitalistic society is to have the poor become middle
class, the middle class to become rich and the rich to become
wealthy. Putting income tax brackets at $20K+ that take away all
investment opportunity not only prevents this, but prevents those
investments from creating new jobs.
> Umm, Bush and Cheney are both considered rich and both paid considerable
> income tax last year (anecdotal evidence). I have heard or read that the
> wealthiest do in fact pay most of the taxes (by percentage of overall
> individual income taxes collected, not going by the tax tables).
Possibly capital gains? Or really income tax?
> I agree with you on the flat tax, but you sidestepped the issue, which
> was the supposed integrity of WSJ. I don't know whether your data are
> correct or not, but Steven brought up a good point or two. Frankly, it
> raises red flags with me when anyone says a press outlet has that much
> "integrity".
First off, articles on taxes and what-not, I'll agree, they can be
"opinionated" (even if I think it is truth) and are *NOT* something
that can be measured in true/false. So his example was *NOT* a good
one at all!
Secondly, those numbers in my previous post were from the
government's own exit polls! All the WSJ did is summarize a few
categories. Heck, they might have just reported what the government
did!
I'll find the list of stats for you and will post them in their
entirety.
-- TheBS
-- Bryan "TheBS" Smith mailto:b.j.smith@ieee.org chat:thebs413 Engineer AbsoluteValue Systems, Inc. http://www.linux-wlan.org President SmithConcepts, Inc. http://www.SmithConcepts.com ------------------------------------------------------------------ Those living in the US who consider the American flag to be a sym- bol of oppression obviously fail to understand what the word means
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