Ronn!Blankenship <[EMAIL PROTECTED]> wrote:
While many people who oppose new taxes are people who have
children and can barely make ends meet now.
Absolutely right! You make the case for taxing the rich more than
the middle classes or the poor.
People can barely make ends meet now have a hard time with new
taxes. Only the more rich can afford them. Moreover, it is evident
that a tax increase of $5000 on an income of $50000 will be felt much
more than a tax increase of $5000 on an income of $5 million. So tax
increases must be progressive.
Right now, about a third of US income goes to local, state, and
federal taxes. Even with an increase in tax revenue by one-twentieth
of US income -- more than current military expenditures -- this means
that the top marginal rate need not be above half or so for people
earning over one-sixth or one-quarter of a million dollars per year.
For people earning less than the average, the top marginal rate can be
considerably less.
--
Robert J. Chassell Rattlesnake Enterprises
http://www.rattlesnake.com GnuPG Key ID: 004B4AC8
http://www.teak.cc [EMAIL PROTECTED]
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