[blockquote]
----------------
On 11/7/2002 1
11 PM JI Guy wrote:
As for the 1% group, gee, my heart goes out to their like with such a burden...never has stopped them from buying these $20,000 ice sculptures for their little parties or $6000 shower doors...
Which is morally inferior to paying $50 to go see the latest pro rasslin match? Or the thousands spent converting the truck to a 52 inch lift so that you can look cool driving around town? Guess we should tax poor stupid people more since they are obviously wasting money...
The greed of these folks is astounding and I have no qualms whatsoever about gearing any cuts toward the middle class...the ones who need the most HELP - thats what its about...With your vantage point, Sean, why dont we just do a straight percentage for the income tax...Or, better yet, eliminate it completely and rely on a sales tax..Yeah, that'll work..
Since you're big on the typical democratic tax the rich' BS, I'll give you a few facts. In 1979 the marginal tax rate (Carter-Mondale) was 70% for income above 200k. Reagan came in and promptly lowered that rate to 28%. Given that Reagan reduced the taxes on the rich, who paid a higher percentage of taxes in 1989? The top 5%, 10%, 25%, and even 50% paid a higher percentage of the feds income tax in 1989 than in 1979, and the bottom 50% paid more in 1979 (underthe friend of the poor Carter) than in 1989.
----------------
[/blockquote]
----------------
On 11/7/2002 1

As for the 1% group, gee, my heart goes out to their like with such a burden...never has stopped them from buying these $20,000 ice sculptures for their little parties or $6000 shower doors...
Which is morally inferior to paying $50 to go see the latest pro rasslin match? Or the thousands spent converting the truck to a 52 inch lift so that you can look cool driving around town? Guess we should tax poor stupid people more since they are obviously wasting money...
The greed of these folks is astounding and I have no qualms whatsoever about gearing any cuts toward the middle class...the ones who need the most HELP - thats what its about...With your vantage point, Sean, why dont we just do a straight percentage for the income tax...Or, better yet, eliminate it completely and rely on a sales tax..Yeah, that'll work..
Since you're big on the typical democratic tax the rich' BS, I'll give you a few facts. In 1979 the marginal tax rate (Carter-Mondale) was 70% for income above 200k. Reagan came in and promptly lowered that rate to 28%. Given that Reagan reduced the taxes on the rich, who paid a higher percentage of taxes in 1989? The top 5%, 10%, 25%, and even 50% paid a higher percentage of the feds income tax in 1989 than in 1979, and the bottom 50% paid more in 1979 (underthe friend of the poor Carter) than in 1989.
----------------
[/blockquote]