Home › Forums › Financial Markets/Economics › TAX TAX TAX and more TAX
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April 22, 2010 at 10:03 AM #542977April 22, 2010 at 10:05 AM #542031sdduuuudeParticipant
[quote=gandalf]- Progressive = redistribute money from rich to poor
– Neutral = taxing each according to their means
– Regressive = redistribute money from poor to rich
[/quote]I don’t think that is the correct definition. It has nothing to do with redistribution, only where it comes from. A regressive tax reduces taxes to poor people, and increases to rich.
Has nothing to do on how that tax money is spent. A regressive tax could be be spent on welfare, for example.
There’s no tax like NO tax.
April 22, 2010 at 10:05 AM #542144sdduuuudeParticipant[quote=gandalf]- Progressive = redistribute money from rich to poor
– Neutral = taxing each according to their means
– Regressive = redistribute money from poor to rich
[/quote]I don’t think that is the correct definition. It has nothing to do with redistribution, only where it comes from. A regressive tax reduces taxes to poor people, and increases to rich.
Has nothing to do on how that tax money is spent. A regressive tax could be be spent on welfare, for example.
There’s no tax like NO tax.
April 22, 2010 at 10:05 AM #542617sdduuuudeParticipant[quote=gandalf]- Progressive = redistribute money from rich to poor
– Neutral = taxing each according to their means
– Regressive = redistribute money from poor to rich
[/quote]I don’t think that is the correct definition. It has nothing to do with redistribution, only where it comes from. A regressive tax reduces taxes to poor people, and increases to rich.
Has nothing to do on how that tax money is spent. A regressive tax could be be spent on welfare, for example.
There’s no tax like NO tax.
April 22, 2010 at 10:05 AM #542711sdduuuudeParticipant[quote=gandalf]- Progressive = redistribute money from rich to poor
– Neutral = taxing each according to their means
– Regressive = redistribute money from poor to rich
[/quote]I don’t think that is the correct definition. It has nothing to do with redistribution, only where it comes from. A regressive tax reduces taxes to poor people, and increases to rich.
Has nothing to do on how that tax money is spent. A regressive tax could be be spent on welfare, for example.
There’s no tax like NO tax.
April 22, 2010 at 10:05 AM #542987sdduuuudeParticipant[quote=gandalf]- Progressive = redistribute money from rich to poor
– Neutral = taxing each according to their means
– Regressive = redistribute money from poor to rich
[/quote]I don’t think that is the correct definition. It has nothing to do with redistribution, only where it comes from. A regressive tax reduces taxes to poor people, and increases to rich.
Has nothing to do on how that tax money is spent. A regressive tax could be be spent on welfare, for example.
There’s no tax like NO tax.
April 22, 2010 at 10:06 AM #542040SK in CVParticipant[quote=gandalf]
Regressive is what we have now, in large part because of all of the loopholes and avoidance. Tax policy is one of the reasons for the astronomical changes in wealth and income distribution in the past 30 years. The current regressive policy is not fair.[/quote]
I have to partially disagree with this. Payroll taxes are regressive. Sales taxes are regressive. Property taxes in CA are a mishmash because of Prop 13, but they are kind of progressive. (Wealthier people own more expensive homes, their property taxes are higher, prop 13 notwithstanding.) Income taxes are mostly progressive. Loopholes do exist, but not near as many as existed prior to the 80’s.
And “taxing each according to their means” is progressive taxation without the label. It may not elicit the kneejerk reaction from those who think “progressive” or “redistribution” means socialism, but the differences are slight.
April 22, 2010 at 10:06 AM #542154SK in CVParticipant[quote=gandalf]
Regressive is what we have now, in large part because of all of the loopholes and avoidance. Tax policy is one of the reasons for the astronomical changes in wealth and income distribution in the past 30 years. The current regressive policy is not fair.[/quote]
I have to partially disagree with this. Payroll taxes are regressive. Sales taxes are regressive. Property taxes in CA are a mishmash because of Prop 13, but they are kind of progressive. (Wealthier people own more expensive homes, their property taxes are higher, prop 13 notwithstanding.) Income taxes are mostly progressive. Loopholes do exist, but not near as many as existed prior to the 80’s.
And “taxing each according to their means” is progressive taxation without the label. It may not elicit the kneejerk reaction from those who think “progressive” or “redistribution” means socialism, but the differences are slight.
April 22, 2010 at 10:06 AM #542627SK in CVParticipant[quote=gandalf]
Regressive is what we have now, in large part because of all of the loopholes and avoidance. Tax policy is one of the reasons for the astronomical changes in wealth and income distribution in the past 30 years. The current regressive policy is not fair.[/quote]
I have to partially disagree with this. Payroll taxes are regressive. Sales taxes are regressive. Property taxes in CA are a mishmash because of Prop 13, but they are kind of progressive. (Wealthier people own more expensive homes, their property taxes are higher, prop 13 notwithstanding.) Income taxes are mostly progressive. Loopholes do exist, but not near as many as existed prior to the 80’s.
And “taxing each according to their means” is progressive taxation without the label. It may not elicit the kneejerk reaction from those who think “progressive” or “redistribution” means socialism, but the differences are slight.
April 22, 2010 at 10:06 AM #542721SK in CVParticipant[quote=gandalf]
Regressive is what we have now, in large part because of all of the loopholes and avoidance. Tax policy is one of the reasons for the astronomical changes in wealth and income distribution in the past 30 years. The current regressive policy is not fair.[/quote]
I have to partially disagree with this. Payroll taxes are regressive. Sales taxes are regressive. Property taxes in CA are a mishmash because of Prop 13, but they are kind of progressive. (Wealthier people own more expensive homes, their property taxes are higher, prop 13 notwithstanding.) Income taxes are mostly progressive. Loopholes do exist, but not near as many as existed prior to the 80’s.
And “taxing each according to their means” is progressive taxation without the label. It may not elicit the kneejerk reaction from those who think “progressive” or “redistribution” means socialism, but the differences are slight.
April 22, 2010 at 10:06 AM #542997SK in CVParticipant[quote=gandalf]
Regressive is what we have now, in large part because of all of the loopholes and avoidance. Tax policy is one of the reasons for the astronomical changes in wealth and income distribution in the past 30 years. The current regressive policy is not fair.[/quote]
I have to partially disagree with this. Payroll taxes are regressive. Sales taxes are regressive. Property taxes in CA are a mishmash because of Prop 13, but they are kind of progressive. (Wealthier people own more expensive homes, their property taxes are higher, prop 13 notwithstanding.) Income taxes are mostly progressive. Loopholes do exist, but not near as many as existed prior to the 80’s.
And “taxing each according to their means” is progressive taxation without the label. It may not elicit the kneejerk reaction from those who think “progressive” or “redistribution” means socialism, but the differences are slight.
April 22, 2010 at 10:09 AM #542019CoronitaParticipant[quote=meadandale][quote=gandalf]
I fully expect an ignorant and disingenuous outcry from anti-tax TEA-party idiots on the right (which includes lots of average means white people who mainly can’t get over the fact the President of the U.S. is a black dude).[/quote]Dropping the race card just erased any credibility that you might have had. I’m getting awfully freaking tired of people calling anyone who disagrees with Obama’s POLICIES a racist.[/quote]
+1.
As a “minority”, it’s completely ridiculous that anyone would throw in a race card as a negotiation/debate argument. However, if folks aren’t a minority who are “defending” minorities….please stop…We can speak for ourselves these days…thank you very much.
Sincerely,
A bible-humping, fiscal-conservative, trailer-trash talking, can’t spellin “minority”.
I’d like to know where all this TAX money is going??? Is it creating jobs. Is it helping make businesses more competitive versus overseas? Is it thwart offshoring. Or are we just going to hire a bunch of more census workers/poll workers/government bloggers? Or are we going to spend more money on missiles/nukes/etc. Or prop up home prices? Or prop up Chrysler?
All I see is spend spend spend. And where are the benefits?
April 22, 2010 at 10:09 AM #542129CoronitaParticipant[quote=meadandale][quote=gandalf]
I fully expect an ignorant and disingenuous outcry from anti-tax TEA-party idiots on the right (which includes lots of average means white people who mainly can’t get over the fact the President of the U.S. is a black dude).[/quote]Dropping the race card just erased any credibility that you might have had. I’m getting awfully freaking tired of people calling anyone who disagrees with Obama’s POLICIES a racist.[/quote]
+1.
As a “minority”, it’s completely ridiculous that anyone would throw in a race card as a negotiation/debate argument. However, if folks aren’t a minority who are “defending” minorities….please stop…We can speak for ourselves these days…thank you very much.
Sincerely,
A bible-humping, fiscal-conservative, trailer-trash talking, can’t spellin “minority”.
I’d like to know where all this TAX money is going??? Is it creating jobs. Is it helping make businesses more competitive versus overseas? Is it thwart offshoring. Or are we just going to hire a bunch of more census workers/poll workers/government bloggers? Or are we going to spend more money on missiles/nukes/etc. Or prop up home prices? Or prop up Chrysler?
All I see is spend spend spend. And where are the benefits?
April 22, 2010 at 10:09 AM #542602CoronitaParticipant[quote=meadandale][quote=gandalf]
I fully expect an ignorant and disingenuous outcry from anti-tax TEA-party idiots on the right (which includes lots of average means white people who mainly can’t get over the fact the President of the U.S. is a black dude).[/quote]Dropping the race card just erased any credibility that you might have had. I’m getting awfully freaking tired of people calling anyone who disagrees with Obama’s POLICIES a racist.[/quote]
+1.
As a “minority”, it’s completely ridiculous that anyone would throw in a race card as a negotiation/debate argument. However, if folks aren’t a minority who are “defending” minorities….please stop…We can speak for ourselves these days…thank you very much.
Sincerely,
A bible-humping, fiscal-conservative, trailer-trash talking, can’t spellin “minority”.
I’d like to know where all this TAX money is going??? Is it creating jobs. Is it helping make businesses more competitive versus overseas? Is it thwart offshoring. Or are we just going to hire a bunch of more census workers/poll workers/government bloggers? Or are we going to spend more money on missiles/nukes/etc. Or prop up home prices? Or prop up Chrysler?
All I see is spend spend spend. And where are the benefits?
April 22, 2010 at 10:09 AM #542696CoronitaParticipant[quote=meadandale][quote=gandalf]
I fully expect an ignorant and disingenuous outcry from anti-tax TEA-party idiots on the right (which includes lots of average means white people who mainly can’t get over the fact the President of the U.S. is a black dude).[/quote]Dropping the race card just erased any credibility that you might have had. I’m getting awfully freaking tired of people calling anyone who disagrees with Obama’s POLICIES a racist.[/quote]
+1.
As a “minority”, it’s completely ridiculous that anyone would throw in a race card as a negotiation/debate argument. However, if folks aren’t a minority who are “defending” minorities….please stop…We can speak for ourselves these days…thank you very much.
Sincerely,
A bible-humping, fiscal-conservative, trailer-trash talking, can’t spellin “minority”.
I’d like to know where all this TAX money is going??? Is it creating jobs. Is it helping make businesses more competitive versus overseas? Is it thwart offshoring. Or are we just going to hire a bunch of more census workers/poll workers/government bloggers? Or are we going to spend more money on missiles/nukes/etc. Or prop up home prices? Or prop up Chrysler?
All I see is spend spend spend. And where are the benefits?
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