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The reason for the tea party was because there was
taxation without representation
--- BobsKC <bobskc@xxxxxxxxxxxx> wrote:
> The Boston Tea Party was prior to the American
> Revolution and was a protest
> against British taxes on tea which at that time, was
> considered a mandatory
> commodity. As I recall, British ships were boarded
> and the tea on board
> dumped into the Boston Harbor. It was a big deal at
> the time and was no
> doubt, a precurser to declaring freedom from taxes
> and other controls
> pressed on the colonies by the British.
>
> Bob
>
> At 11:02 AM 7/26/99 -0500, kohath wrote:
> >Does anyone know anything about the Boston Tea
> Party? I have heard that it
> >involves taxation, but would like more info on the
> subject!
> >
> >
> >
> > We're both right. In percentage terms, lower
> income consumers benefit
> >more,
> > but in absolute terms, the wealthy will benefit
> more. The reason I focused
> > on the impact in absolute terms is because the
> same logic applies to tax
> > rate reductions
> >
> > The Republicans recently proposed cutting all tax
> brackets by 2 percentage
> > points. Just to use even numbers, if you reduce a
> 40% tax bracket to 38%
> > and a 20% tax bracket to 18%, someone in the lower
> bracket has clearly
> > benefited more in percentage terms. Their tax
> bracket has dropped 10%,
> > while the higher one has only dropped 5%.
> However, someone earning $500K
> >in
> > the higher bracket has received a $10K reduction,
> while someone earning
> >$50K
> > in the lower bracket has only gotten $1k.
> >
> > As I said, the same logic applies to debt
> reduction, but the same people
> >who
> > decry a tax cut seem to be (grudgingly) in favor
> of debt reduction... Go
> > figure.
> >
> > Bruce
> >
> >
> >
> >
>
===
Big Lucky Dick
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