Quote:
Originally Posted by Derwood
The problem is that you describe as "excessively high" a tax rate that is historically low (much lower than during the Reagan years), as well as low as compared to most other Western countries (countries who don't go around in circles with issues like health care and alarming poverty, for example)
|
I don't know what the equilibrium tax rate is, it is illusive given the complexity of our economy and all of the variables going into the "marginal tax rate". What I do find interesting is how marginal tax rates on the poor and middle class can be obviously excessively high and many pretend that those rates have no impact. Like I have said, the "rich" can manage their taxes, they have options everyone else does not have. The people seeking to improve their economic status in life take the brunt of our tax system. That is wrong.