Re: Aren\'t taxes just too high?
Is that 38% state + federal?
Anyways, I think the problem isn't so much that the tax rates are too high, but that there are too many stupid deductions. For example, the mortage interest deduction, in addition to costing the Treasury a ton of revenue, also lead to an economically disastrous misallocation of funds. I'm not extremely well versed in the tax law, but I bet there are also some deductions that should be erased for the top bracket, because they make less sense when applied to the rich.
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