>SNIP
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>>As a Federal income tax (i.e. not an accumulation of all of the taxs/fees paid to the various government levels) I think 55% maximum is realistic.
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>55%? You're kidding, right? You think it's acceptable to pay 55% of your income in taxes? I wouldn't even think that if the benefits included full medical (no copays and no deductibles and no max benefit) for every person.
Please, note that Jim proposes 55% for Fed income tax only. Total number could easily get to 75% now.
Jim, you did not answer about chances to adopt the cap. What is your opinion? Btw, I would discuss the issue in broad aspect, not as just related to USA or to Canada only.
Edward Pikman
Independent Consultant