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To: reaganaut1

Since the tax tables need to be adjusted anyway, why not invert them just for fun ?

Put the highest tax rate on the first chunk of income, then lower rates on successively higher incomes. Punish failure and mediocrity, and reward success. What a novel concept that would be.


32 posted on 10/09/2010 12:34:01 AM PDT by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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To: Kellis91789

Obama has already accomplished that. 63 cent national tax on smokes was a kicker for the poor. 10% to 15% on the poor is a 50% tax. Yea, he’s a genius. Thank God he never hit the rich.


33 posted on 10/09/2010 12:39:58 AM PDT by eyedigress ((Old storm chaser from the west)?)
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