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Default reagan economist favors tax increase

On Thu, 08 Jul 2010 00:50:53 -0400, wrote:

On Wed, 07 Jul 2010 21:55:05 -0400, bpuharic wrote:

On Wed, 7 Jul 2010 21:48:35 -0400, "Charles C."
wrote:



"bpuharic" wrote in message
...

martin feldstein, chairman of reagan's council of economic advisors,
says we need to raise taxes:

http://money.cnn.com/2010/07/07/news...n_bin&hpt=Sbin


another take:

http://finance.yahoo.com/taxes/article/110005/how-the-expiring-bush-tax-cuts-affect-you?mod=taxes-advice_strategy


minimal effect on most taxpayers


Only an across the board 4-5% tax hike.


proof?

It is more if you are married
and a lot more if you actually have investments. The predictions are
that it will cause a pretty big sell off of stocks in 4q10.
That will be tough on your 401k.


aint gonna happen. stocks are already so depressed as a result of the
right wing depression we're in that the rich can do little damage
 
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