Without the X$ exemption at the low end, I would see your point immediately.
With the $X exemption, I don't see how that's the case - low to low-middle are paying no taxes, or marginal taxes, and if you're worried about the lower class being stomped, then raise the tax-free limit and increase the tax rate to compensate. If the first $50,000 is tax-free and you pay 25% on the rest, I don't see how that's going to be fucking the middle class to death. I really don't.
And that's what I want someone to explain to me: why *doesn't* this work?
(no subject)
Date: 2007-05-22 08:01 pm (UTC)With the $X exemption, I don't see how that's the case - low to low-middle are paying no taxes, or marginal taxes, and if you're worried about the lower class being stomped, then raise the tax-free limit and increase the tax rate to compensate. If the first $50,000 is tax-free and you pay 25% on the rest, I don't see how that's going to be fucking the middle class to death. I really don't.
And that's what I want someone to explain to me: why *doesn't* this work?