On Fri, 23 Jan 2004 19:48:38 +0000, Charlie Self wrote:


Fairness may or may not enter into it, but the fact is, 40% taxation of someone
in the higher brackets (where taxes are also more easily avoided, anyway) is
LESS of a real burden than is 20% taxation of someone in the lower brackets.

Damned few poor people can buy tax shelters.

If the above numbers are take home amounts, the federal income tax on
$10K would be $127 for single and $[4010] for married with 2 kids. In
other words, the married with 2 kids gets back $4010 more than what he
paid in because of the EIC.

-Doug