I have a really, really long answer to this that's been brewing in my head for months, but this isn't where I'm going to post it.
The short answer is that it screws the middle class by increasing their tax share relative to the upper class (and, to a lesser degree, the working poor, but they need the break.)
To explain all this, I'll need graphs. They'll be in the really, really long version that I'll post/publish sometime. Really I will! Maybe I'll even try for an economics degree instead of finishing my engineering thesis!
(no subject)
Date: 2007-05-22 08:51 pm (UTC)The short answer is that it screws the middle class by increasing their tax share relative to the upper class (and, to a lesser degree, the working poor, but they need the break.)
To explain all this, I'll need graphs. They'll be in the really, really long version that I'll post/publish sometime. Really I will! Maybe I'll even try for an economics degree instead of finishing my engineering thesis!