[geeks] Taxes

[Sandwich Maker]

" From: Shannon Hendrix <shannon at widomaker.com>
" 
" On May 23, 2008, at 09:44 , Sandwich Maker wrote:
" 
" > " From: Lionel Peterson <lionel4287 at verizon.net>
" > "
" > " []
" > "
" > " I saw an interesting report last night that analyzed actual tax
" > " reciepts as a percentage of domestic earnings, and oddly, no matter
" > " what the tax rates were (91% down to the current "Bush Adjusted" tax
" > " rates that "benefit the wealthy"), the gov't took in about 19.5% in
" > " tax revenue. When the tax rate is higher, people find ways to reduce
" > " their tax liability, when it drops, there is less incentive to do  
" > so...
" >
" > yeah, but shifting that burden from folks who can't afford to pay to
" > folks who just don't want to is not unfair.
" 
" It's not?
" 
" The wealthy already pay the majority of taxes.

the wealthy already make most of the income.

" Tax them too much and they'll leave, work around it, or pass it on to  
" the middle and lower classes.  Then those who cannot afford say 30% of  
" the tax burden will be responsible for 100% of it.

like they've been doing since the institution of the irs?  until
kennedy's admin, top tax bracket in the us was 90%.

today's rich have it easy by comparison.
________________________________________________________________________
Andrew Hay                                  the genius nature
internet rambler                            is to see what all have seen
adh at an.bradford.ma.us                       and think what none thought