re: #112 Dark_Falcon

I still say it hurts investment and it makes the tax code too top heavy. I don’t like “tax the rich” plans, as they discourage wealth creation and encourage redistributionist thinking.

Well, some might say that those making more than $250/year are creating wealth quite nicely, thank you. And marginal tax rates are on incomes *greater* than whatever the level set. Keep in mind that when Nixon was the Prez, the top marginal tax rate was 70%. And when the US was the world beater economically in the 50’s the top rate was 91%.

ntu.org