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From: wmartin@brl-tgr.ARPA (Will Martin )
Newsgroups: net.legal,net.taxes
Subject: Re: Abuse of social contracts. (tax system)
Message-ID: <8681@brl-tgr.ARPA>
Date: Tue, 26-Feb-85 16:49:46 EST
Article-I.D.: brl-tgr.8681
Posted: Tue Feb 26 16:49:46 1985
Date-Received: Fri, 1-Mar-85 06:20:24 EST
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Xref: watmath net.legal:1468 net.taxes:744

> > "Progressive taxes are bad because they take away incentive to
> > work hard and earn more"

I've noticed this effect in myself. Not so much in work, but in other
income-producing activities, like finding interest-paying checking accounts.

Back when my wife and I both worked, and we had  a larger total income
than now, I recall thinking specifically that I much preferred a 
checking account that provided services at no cost to me than one which
paid me some amount of interest on the balance. Now, the tax impact on
such interest payments is less, but I still prefer to receive services
than to receive monetary return on which I must pay tax.

(Of course, as to this specific example, it is harder now to find either...)

Will