tag:blogger.com,1999:blog-6616959642391988608.post1685610629571845288..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Effective tax rates are highly progressiveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-18453811814026368552012-01-20T20:08:20.164-08:002012-01-20T20:08:20.164-08:00SS tax 12.4%
Medicare 2.9%
15.3%
The eff...SS tax 12.4%<br />Medicare 2.9%<br /> 15.3%<br /><br />The effective taxes are much less than 50%, in most cases, however, taxation remains the second or third largest household item.Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8815116952865046692012-01-20T15:32:03.594-08:002012-01-20T15:32:03.594-08:00John,
Republicans don't always do the right t...John,<br /><br />Republicans don't always do the right thing. <br /><br />The idea of government is to govern, not compete with the ciizens it represents. There is a logical contradiction with that. Inevitably the bias will be with the government entity as they will right the rules and regulations to favor themselves. Obamacare is a good example of to much government involvement in the Bobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74114664615265087702012-01-20T14:50:58.078-08:002012-01-20T14:50:58.078-08:00Bob: North Dakota has a state-owned bank. ND is a ...Bob: North Dakota has a state-owned bank. ND is a red state run by Republicans.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57327855033010421222012-01-20T13:06:41.826-08:002012-01-20T13:06:41.826-08:00John,
The idea of the government competing in the...John,<br /><br />The idea of the government competing in the marketplace along with the private sector is nothing more than socialism. <br /><br />Go move to Europe. <br /><br />BobBobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69314155105763790192012-01-20T12:21:52.739-08:002012-01-20T12:21:52.739-08:00Corporate income taxes are double taxation but the...Corporate income taxes are double taxation but they should not be added to the investors' tax rate. They should be added to the consumers' tax rate because he is paying the tax in the price of goods and services with his after-tax dollars. All business taxes, including the employer share of payroll tax, are included in the cost of every product or service purchased by a consumer.<br /><djakelhttps://www.blogger.com/profile/06247798800719389756noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24981640526756938672012-01-20T09:29:37.582-08:002012-01-20T09:29:37.582-08:00"As Greg Mankiw notes, our tax system is high..."As Greg Mankiw notes, our tax system is highly regressive: "the rich face average tax rates more than twice those of the middle class, and about seven times those of the lowest quintile." And these effective tax rates include all the benefits of whatever deductions may have been available to individuals and companies along the way."<br /><br />I think Grannis inadvertently Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6071336218963315732012-01-20T06:40:13.064-08:002012-01-20T06:40:13.064-08:00I remember a friend of the family standing in our ...I remember a friend of the family standing in our living room around 1964 and telling my dad "this is the greatest country in the world if you're a millionaire." I remember my dad telling him "you can't get rich working for wages." <br /><br />The Tax Foundation data table in Mankiw's post supports both pronouncements. <br /><br />The tax code is upside down. We asJohnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28843045027380427892012-01-20T05:59:02.644-08:002012-01-20T05:59:02.644-08:00Unfortunately in the ponzi-scheme of the last 30 y...Unfortunately in the ponzi-scheme of the last 30 years this progressiveness hasn't mattered much. The rich made out like a bandit with their inflation-resistent stock and capital investments while the poorest buying power suffered due to thisJohn Short ad sinorazumhttps://www.blogger.com/profile/06294518362102475267noreply@blogger.com