> Marlon wrote: > How would this kill the savings rate? I'm not sure I follow the logic. >
Because most people who save earn over $80,000/yr. That is, on average, those that earn less save little or live check-to-check. That means that if you, say, save 3% of that income over $90,000, it will now all go to pay taxes rather than into your savings account which can then be made available to the federal gov't to borrow. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:148073 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
