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I'll ask again, who will decide whether something is a "key investment" or "wasteful spending"? I hope you don't think politicians like Barney Frank will be doing that.
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No offense taken ,but I believe the questions were little bit bland requiring typical responses.
I like the fact that you took the time to point out your reasons there were typical bureaucratic responses.
In order to be fair to Mr. Goolsby, I have included his full response.
There is no ideal tax rate in isolation. Among other things, it depends so what the government does what the money. Whether we are making key investments vs. spending on wasteful programs that don’t work makes a big difference in what you think that tax rate should be.
The full question fleet and get the proper context:
Question: what kind of progression in marginal tax rates do you think is ideal? There was a big hubbub over the UK getting 50% of their top are eight; and could we be heading there too, and would it be harmful?
I see what you mean, my mistake.
BigJYou’re quite welcome.
I really don't see real answers here, just the typical Washington elite political machine dodge comments with no real substance.
No offense intended, but Mr. Goolsby answers seem like typical bureaucratic responses.
Question: What kind of progression in marginal tax rates do you think is ideal?
Answer: There is no ideal tax rate in isolation. It depends what the government is doing with the money.
As the above answer demonstrates.
Did the person asking the question ask about a isolated marginal tax rate?
I take it the marginal progressive tax rate ( the more you make, the more you pay), is a isolated event or not, depending on what the government spends the tax it receives from the isolated progressive tax margin on?