Recently someone was trying to tell me that income taxes were not constitutional and that no amendment after the bill of rights has been ratified. I got a good laugh out of it. It did get me thinking and found some believe that because of a clerical error Ohio was not officially a state and therefore should not be counted towards the 3/4's needed to ratify the amendment. The courts have said otherwise though.
An opinion shared by many does not make it true.
So you see, Kouak......there really would be an affect.
But when you do the opposite - increase the top effective marginal tax rate, all boats are raised, the poor become less poor AND the rich become richer.
Trickle down under Reagan and the Bushes increased poverty, but a tiny increase in top marginal rates under Clinton resulted in the rich still getting richer AND a reduction in poverty.
Last edited by Naturist Mark; 04-25-2012 at 03:09 PM. Reason: corrected "bottom" to "top"
I'm aging like fine wine ... I'm getting complex and fruity.