🚀 go-pugleaf

Previously Tony Porczyk [tporczyk@netcom.com] wrote this:
:> fred_s@netcom.com (Frederick Scott) writes:

:> >tporczyk@netcom.com (Tony Porczyk) writes: 

:> >>b. Allow individuals to save money by adjusting their capital spending
:> >Huh?  Income tax doesn't tax savings.  Only income from savings, like every
:> >other sort of income.  Capital gains is even given a break, sometimes.

:> I am talking about the ability to save the money that government
:> wastes and using it for a down-payment on a home, for example.  By not
:> making large purchases, one could adjust his rate of taxation, and,
:> hence, savings.

:> t.

:> ---------------------------------------------------------------------------
:> Tony Porczyk     *     tporczyk@netcom.com     *     San Jose,  California
:> ---------------------------------------------------------------------------

yup, but what about the poor, they spend all of their money just on
things they need [generally], and then the _relative_ tax on them is
much higher than the rich [or even "middle" class].

mark

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