[Rhodes22-list] Flat Tax Anyone?

[Slim]

No, Dave, I've never paid 1/2 either.  My income is not in that bracket, if
there is one that high.  And sure, I take all the deductions I can which are
many because I'm self-employed.  But my point is the more you make, the
higher bracket you're in and the more you have to pay.  Is that a good
system?  Should you have to pay more because supposedly you can afford it?
Help me out here Ed.   8-)

Slim

On 1/12/07 5:56 PM, "DCLewis1 at aol.com" <DCLewis1 at aol.com> wrote:

> 
> Slim,
> 
> Are you sure the tax is 1/2 of gross, or is this what you've heard?   To cite
> again from an article I just cited to Ed, the tax rate for the top 1%  (by
> income) of families decreased from 44.4% in 1980 to 30.4% in 2004 (that was
> the 
> period of the study.  Neither number is 1/2.   I can tell you  I've never
> come close to paying 1/2 my gross in tax, have you?  Is a 50%  tax rate one of
> those urban legends?  There are a helluva lot of  deductions you can take,
> ways 
> to defer income etc.
> 
> As for Willie Nelson, he's got no more right not to pay taxes than you or I
> do.
> 
> Dave
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