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U.S. Elections Thread (n/t) by merlin2008-10-21 09:37:35
  Is it an "income tax cut" or a "payroll tax cut"? by merlin2008-10-21 09:38:24
    *blink blink* wow, that's rather stupid by Freakazoid2008-10-21 09:56:14
      If you actually read the editorial... by esbita2008-10-21 09:59:06
        That's why he wants to rack up the taxes by merlin2008-10-21 10:01:45
          More to the point... by jdelphiki2008-10-21 10:48:29
            One thing I don't quite understand. by Peace_man2008-10-21 11:14:27
              Slight clarification... by jdelphiki2008-10-21 12:41:31
                Earn more than what? by Peace_man2008-10-21 13:27:44
                  The point is this gives the worker MORE THAN by merlin2008-10-21 13:32:09
                    Is it fair to let people starve to death by Peace_man2008-10-21 13:44:40
                      I would kindly thank you to not put words in by merlin 2008-10-21 13:59:32
my mouth. No where in my post did I stake a claim to wanting to see old people starve to death. I do believe that's usually referred to as a straw man.

First, yes what is proposed by Obama could actually result in someone taking home more than their base wages at the end of the day, thanks to the concept of refundable tax credits. Esbita has covered that much better than I.

The main thrust of my point is that low wage earners are ALREADY being subsidized in Social Security. The accrue benefits at a faster rate than they contribute, whereas "rich" people accrue at a slower rate than they contribute. So, "rich" people are already subsidizing Social Security, but, as esbita pointed out, it's done with the bucket of money that is intended for Social Security.

Obama now wants to tap general revenues as well, and to do that he needs to increase the top marginal tax rates. Why? So he can expand the welfare state, which I believe is a bad idea.

Welfare, from its inception, was intended as a stop-gap measure to get people back on their feet, not as a lifestyle.
[ Reply ]
                        When you propose alternatives, I will by Peace_man2008-10-21 14:04:08
                          Real simple, leave it alone by merlin2008-10-21 14:13:45
                            If that is your alternative plan, can you show me by Peace_man2008-10-21 14:23:39
                              Can you show me how Obama's plan by merlin2008-10-21 15:06:48
                                Back on topic by DesiredUsername2008-10-21 15:23:20
                                It seems that he will make this tax progressive. by Peace_man2008-10-21 15:29:02

 

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