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Jun 16th, 2003, 07:26 PM
The thread is long and I'm too lazy to read it all. So if this is covering things already covered or incoherent and screwed up in anyway. Just slap me and point me in the right direction.
The greatest of the tax cuts should go to the rich. As The taxation system is setup into tax brackets. Which of course you already know. I believe before the tax cut the taxation percentage was 38%. After, if I'm correct, it was dropped to 35%. It still exists at a higher rate than the bracket below it, but the gap is now down to 2.5%. You're going to have to forgive me if this sounds scatter brained but its been a while since I've read the information on it. Now of course this doesn't even count the taxation of millionare assets after death. With this in mind and the failing economy it is understable and highly rational to give a larger tax break to the rich. This provides them with more money to spend or invest. If they invest in the stock market, our stocks go up and so does the value of our companies. Of course the value of a stock isn't based solely on the investment into the stock market, but you know that already. Or they will put it in a bank or spend it. Either one increases the funds of the receiver. Thus increasing the economy.
Alright I've been typing too much. I don't even remember what I was talking about. Oh well. And for my finally statement. The existance of tax cuts towards the rich is the proper way of distributing money throughout the economy. Because it allows for a greater percentage of funds to be spread throughout the global or national economy. Uh sorry if that didn't make a lick of sense.
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