"Bruce" wrote in message
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nom=de=plume wrote:
"Bill wrote in message
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wrote in message
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On Fri, 22 Jan 2010 08:40:09 -0500,
wrote:


The top brackets ought to be paying 49%, and there should be no cap on
earnings subject to social security and medicare taxes.

As long as the top 1% controls 50% of the campaign contributions and
100% of the media you won't see that. They may pass that as the
published top rate but there will be enough tax shelters and loopholes
so they won't actually pay that.
The government has a long rich history of using the tax code to drive
social policy. If you do politically correct things you get tax
breaks, big ones.

Is why there will never be a flat tax. Taxation is the ultimate
control.



A flat tax is regressive.


That's impossible. Flat is flat. It can't be flat *and* regressive.

I like the idea of a flat tax. Take 15% of my AGI, I'll save $375 from
the CPA's bill, and life moves on.


What brain are you using??? If it's the same marginal rate for everyone,
those at the lower end get screwed. I like the idea of a 40' diameter cherry
pie, but I don't want one in my kitchen.

--
Nom=de=Plume