From: utzoo!decvax!cca!hplabs!hplabsb!soreff
Newsgroups: net.politics
Title: progressive tax
Article-I.D.: hplabsb.1168
Posted: Thu Dec  2 13:44:04 1982
Received: Sat Dec  4 05:45:09 1982

A comment on Ed Pawlak's comment that progressive income taxes make
sheltering income worthwhile: Certainly a progressive tax will direct
investments into areas where there is a tax advantage (presumably
with some loss of economic efficiency as a result). This is, however,
also true of any income tax, though the effect should be less for a
tax with a lower marginal rate at the income level where most investment
occurs. Even with a flat tax, some income sheltering would still make
sense.				-Jeffrey Soreff