tax burdens and reform a cynical point of view.

Max Sawicky sawicky at epinet.org
Tue Oct 20 11:21:20 PDT 1998



>1. The old US income tax with its 90%+ marginal tax rates in the 50's
>2. Taxation on Capital Gains.
>3. Corporate Income Tax
>4. Property Taxes
>5. Sales Tax as it Exists.
>6. Excise Tax as it Exists.

I agree with your ranking of conservative concerns.

Capital gains definitely outrank the CIT. On the other hand, they also outrank the current level of top marginal rates. Since the R's took over Congress in 1994, they have devoted zero effort to reducing the rates Clinton raised on "ordinary" income. It's all been about capital gains, and more recently the estate and gift tax and the alternative minimum tax.

MBS



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