From: Black Unicorn <unicorn@schloss.li>
Date: Wed, 8 May 1996 16:01:19 +0800
To: jim bell <jimbell@pacifier.com>
Subject: Re: Why I Pay Too Much in Taxes
In-Reply-To: <199605080005.RAA09126@pacifier.com>
Message-ID: <Pine.SUN.3.93.960507212053.339I-100000@polaris.mindport.net>
MIME-Version: 1.0
Content-Type: text/plain


On Tue, 7 May 1996, jim bell wrote:

> At 04:46 PM 5/7/96 -0400, Black Unicorn wrote:

> >I'm not sure I understand what you mean.  I sent the text of the law to
> >the list.  The position that you take (that increse in inflation can send
> >you into the next tax bracket) is incorrect.
> 
> You seem to be forgetting that one of the provisions of (I believe) the 1986 
> tax act was that capital gains would be indexed  for inflation.  However, 
> the sleazy politicians only scheduled it (the indexing process) for about 
> 1990 or so, and by 1990 they managed to get that idiot Bush to agree to drop 
> it.

Considering that there is one bracket for capital gains income (namely
28%) what does this have to do with bouncing you into the next income tax
bracket?

> I don't know the details, but this is yet another of the reasons I have 
> no qualms about advocating a system for solving the "politician problem" by 
> putting them 6 feet under.

And yet another reason you cite which is based on incorrect facts.

> 
> Lawyers who profit from an abusive system may disagree, of course.
> 

So may all individuals who have a clue.

> Jim Bell
> jimbell@pacifier.com

---
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