Re: better tax code: no income tax, head tax (&| ppty t)
- From: "sinister" <sinister@xxxxxxxxxxxxxx>
- Date: Fri, 29 Feb 2008 02:42:35 -0500
"Lysander" <lysander@xxxxxxxxxxx> wrote in message
news:52ad9aac-e4dd-4a40-bcdd-0933b5f111e4@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
<snip>
increase in taxes is unlikely to discourage work. The Clinton and Bush
tax increases where small. We went from 28% on the top to 32% to 35%.
This is still half the rate under Carter. Incentive to work hardly
changed. Now at high tax rates it was very discouraging to work. A lot
False, in the context of taxes on wages. The top marginal rate on _earned_
income was lowered to 50% starting in 1972. It remained at 50% through
1986. It was raised to 39.6% in 1993.
.
- References:
- better tax code: no income tax, head tax (&| ppty t)
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