See my above post. Seefresh, I now see your view is very mild compared to this.
Reverend JC, I think you are misled about the tax cuts. You are my age (late 20s/early 30s), so you have nothing to worry about regarding this issue. What you need to know is that these are the
Sunset Provision of the Estate Tax (aka Death Tax) that expire in 2010 if congress doesn't extend them. As it stands now, there is a tax on one's estate after death (gasp!). What most people don't realize is that only a very small percentage of the population even get hit with this tax. The first $2 million ($4 million for married couples) of assets can be passed on to heirs tax free. In addition, there are
many tax strategies to utilize prior to one's death to exclude even more assets from taxation (i.e. gifting, irrevocable trusts, etc.)
We have a progressive tax system. This means that your first dollars of income (currently up to $7,825) are taxed at only 10%. The amount you earn above $7,825 up to $31,850 is taxed at only 15%. And so on up to a max rate of 35% of amounts over $349,700. This goes for everyone!
So, for example, if Seefresh had an annual salary of $161,000, his
marginal tax bracket would be 33%, but he would actually pay less than 25% of his income in taxes ($39,200). For simplicity's sake, this doesn't include any other income, taxes, or the exemptions and credits available.
Okay, wake up! :cross: Sorry for the boring details, but I just think that the average voter doesn't even understand how the issue affects him/her.
I know I'll be flamed for this (I know there are a lot of libertarians out there

): taxes are necessary. Of course we don't want to pay them, but try to appreciate the good things that they pay for (i.e. schools, arts, sports, law enforcement, fire dept., roads, to name a few). It's not fair to try to eliminate them. It is fair to keep them reasonable.