Eurocapital

[Max Sawicky]

. . .> According to the Taz, the lowest and highest income
tax rates will go from
> 22.9% and 51% to 19.9% and 48.5%; by 2005, rates are
supposed to drop to
> 15% and 42%. Any idea of how regressive this really is?
I.e. is there
> other financial skulduggery offsetting any of this? The
cut on capital
> gains taxes, of course, is truly despicable.
> -- Dennis

I should confess I don't have precise data on this.  When I
hear Schroeder
say they are making the economy business-friendly by cutting
tax rates,
I conclude that skullduggery is in the works.  As you must
know, do tax
the rich you really need to tax capital gains.

The joke about socialist Germany (sic) is that the data one
would need
to make such analyses is not made available by the Gov on
bogus
confidentiality grounds.  So doing a tax incidence analysis
would
require a very expensive private survey.

mbs