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To: DennisR

It is better to have people pay 10%

How do you plan on getting there from here?

Remember what Walter Williams is telling us?

Walter Williams, World Net Daily, 10-25-2000

According to the most recent U.S. Treasury Department figures, in 1997 the top 1 percent of income-earners (those with income of $250,000 and higher) paid 33 percent of all federal income taxes. The top 5 percent of income-earners ($108,000 and over) paid 52 percent, and the top 50 percent ($36,000 and over) paid 96 percent of income taxes. Guess what the bottom 50 percent of income earners paid?

If you're among those who pay little or no federal income taxes, what do you care about tax cuts? Moreover, if you think tax cuts pose a threat to government handout programs, you might be openly hostile and support Al Gore's silly "risky scheme" talk. So many Americans paying little or no federal taxes makes for a natural spending constituency. It's like me in the restaurant: What do I care about extravagance if you're footing the bill?

And the "Flat Tax" proposals that have been submitted before congress even add to that constituency of 70% of the voting public clamoring for more from government looking for the top 40% of taxpayers to foot the bill.

86 posted on 03/31/2002 4:12:33 PM PST by ancient_geezer
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To: ancient_geezer
Ancient,

I would implement it in 2004. To be revenue neutral for that year, the flat rate would be, say, 24%. For the next ten years, it would decrease by 1.4% so that by the year 2014, we would be at a flat rate of 10%.

Okay, I'm really going this time. :)
88 posted on 03/31/2002 4:18:09 PM PST by DennisR
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