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Dagnabit · 02-08-2001, 05:23 PM

The table I saw went like this:
<pre>
Taxable income Current Proposed

Under $43,851 15% 10%
Under $105,951 28% 15%
Under $161,451 31% 25%
Under $288,351 36% 33%
Over $288,351 39.6% 33%
</pre>

How could that be determined to be supply-side. Any news item that says "the rich are going to be paying a ton less!" is biased. Of course they're going to be paying less. They pay a ton more right now. But everyone will be paying less. The big cut is in the middle-class, where most of the taxes are paid today, and for whom the fed tax will be almost half what it is today.

02-08-2001, 05:23 PM	#13
Dagnabit High Propagandist Join Date: Jan 2001 Posts: 115	The table I saw went like this: <pre> Taxable income Current Proposed Under $43,851 15% 10% Under $105,951 28% 15% Under $161,451 31% 25% Under $288,351 36% 33% Over $288,351 39.6% 33% </pre> How could that be determined to be supply-side. Any news item that says "the rich are going to be paying a ton less!" is biased. Of course they're going to be paying less. They pay a ton more right now. But everyone will be paying less. The big cut is in the middle-class, where most of the taxes are paid today, and for whom the fed tax will be almost half what it is today.