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Monday, June 06, 2005

What about Tax Equality

Richest Are Leaving Even the Rich Far Behind - New York Times: "The Bush administration tax cuts stand to widen the gap between the hyper-rich and the rest of America. The merely rich, making hundreds of thousands of dollars a year, will shoulder a disproportionate share of the tax burden. President Bush said during the third election debate last October that most of the tax cuts went to low- and middle-income Americans. In fact, most - 53 percent - will go to people with incomes in the top 10 percent over the first 15 years of the cuts, which began in 2001 and would have to be reauthorized in 2010. And more than 15 percent will go just to the top 0.1 percent, those 145,000 taxpayers. "
One is reminded that the reason the wealthy pay more dollars in tax is because they benefit more from the services and protections of the federal government. Flat taxation begins to look much more attractive in the face of this plunder. Rather than discuss being in favor or opposed to tax relief, I would like to discuss being in favor or opposed to tax equality. Aren't you in favor of equality, Bu$hco?

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