Quote:
Originally Posted by albertGQ
The increase in the personal excemption amount benefits all taxpayers equally on a true dollar figure. The rich will benefit the same amount as the middle class as well as the poor.
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No, becuase say we eliminated the entire lower tax bracket and allowed them as the personal tax exemption. Then everyone in the second tax bracket is left footing the bill while no one in the lower bracket has to pay for anything.
I know what you are saying in the fact that rich people wont have to pay that portion anyhow, but what I am saying is when people don't have to pay for something (social programs ect) the system tends to get abused more.