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To: RangerM

You misunderstand Fred’s tax plan. From:
http://www.fred08.com/virtual/taxrelief.aspx

[The simplified tax code would contain two tax rates: 10% for joint filers on income of up to $100,000 ($50,000 for singles) and 25% on income above these amounts.]

This means your tax on $101,000 would be $10,250 and not the $25,250 you claimed.


159 posted on 01/21/2008 10:51:08 AM PST by Kellis91789 (Liberals aren't atheists. They simply worship government.)
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To: Kellis91789

I don’t know.

I understand what you are saying here, but I can also see how it can be easily interpreted my way.

Wouldn’t you agree that a better way to say this, to bolster your point, would be to say “25% on income after the first $100,000”?

Notwithstanding, his plan is “optional”. Is this reform or not? In either case, exersizing the option or not, he is still advocating for a progressive income tax; something he has denounced previously.


166 posted on 01/21/2008 11:09:55 AM PST by RangerM (Jesus was likely a very good carpenter.)
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