UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: dumaflotchie Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78164  
Subject: Re: Charley Reeses Last Column Date: 10/7/2012 11:57 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Hey Murph!

The effective tax rate is the only way to look at the tax issue......it compares apples to apples.

But as to taxes going forward, the effective tax rate goes up regardless of what Congress does......Obamacare raises taxes on payroll and union health plans, etc.

So taxes on middle class are going up no matter.

Despite all this, this whole class warfare chanting to tax the rich, just makes little logical sense......pure emotional sense ........getting one's pound of flesh. But I have still not heard any cogent argument why generating additional $75 billion annually will substantively reduce a deficit that is $1.2 trillion annually.

Worse yet......how does nailing the rich with higher taxes get us more jobs???

As an aside, the totally arbitrary 40% tax rate for folks making $251,0000 per year doesn't seem very progressive compared to the same rate for someone making $2.5 million per year. "Rich" is more likely the latter than the former.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Saul's Investing Discussions

Gilead Sciences CC Thoughts
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.