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Re: Stop the class envy games
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Marvin Crain



Joined: 15 Jun 2008 04:57 pm
Posts: 241
Posted: 25 Jul 2008 02:48 pm
Post Subject: Re: Stop the class envy games Read Article
Smith,

Thanks for posting this; I have intended to make a similar post but have been lazy and besides you have the dollar amounts while I only had the percentages. I might add that the top 1% pay 39% of the taxes like you said, up 2% from 2000 when Bush took office. Wall Street Journal published that in 1980, when the top tax rate ws 70%(!), the richest 1% paid only 19% of the income taxes. Now with the top tax rate of 35%, they pay moe than double that share. So much for tax breaks for the rich. Like you said, it is nothing but playing the class warfare game. People feel better if the "rich" are having more taken away from them even if it does nothing for them. Thanks for helping get the truth out there!

Marvin R Crain
Palestine, Tx.

 
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