Re: UNCIVIL UNIONS

I could agree to that without hesitation.

I support a flat tax.

-----Original Message-----
From: [email protected] [mailto:[email protected]] On
Behalf Of The Voice Of Objective Truth
Sent: Wednesday, March 09, 2011 9:57 PM
To: DADL (off topic)
Subject: Re: [DADL-OT] UNCIVIL UNIONS

On Thu, Mar 10, 2011 at 12:33 AM, Karl Swenson <[email protected]>
wrote:
> The wealthiest 20% pay 86.3% of all taxes (up from 81.2 in 2000).  Add in
> the second quintile and 40% of Americans pay well over 90% of all taxes.
> The second quintile pay 12.9%, down from 13.5.

But what do they pay as a percentage of their income, when all their
deductions are taken into account?  I know corporate taxes are a
different matter, but there are a lot of corporations that manage to
pay no taxes because of all the loopholes at their disposal and I'm
sure if you are rich enough to hire a good accountant you can
drastically lower your taxes (a friend of mine who is a partner in a
small accounting firm once joked that his stay-at-home wife had 3
businesses for tax purposes).

> I am not saying that some adjustment is not needed.  Fine, bump the
highest
> rates.   But that is not what most of the loudest voices demand.  They
just
> want the rich to pay more, and don’t realize that they already do and they
> pay most.

I'd settle for leaving the rates as is but closing some of the
loopholes or deductions that are needed at lower income levels but not
at higher levels.  Actually, cleaning up some of the loopholes would
probably allow for lower tax rates and the government would still
collect more.

Jeremy

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