Marginalizing Americans
One of the founding tenants of liberty is man should bear the fruits of his labor; that is, a person should be entitled to keep all of the money that he or she earns. Current OBAMACare legislation runs in the face of liberty, as the marginal tax increases have lasting and ignored ramifications.
While it seems difficult to connect “Penalized for Working More” to National Health Care, there exists a direct correlation. A January 13th CATO.org article identifies the role that marginal tax increases play in any future health care proposals. In a nutshell, a Marginal Tax Rate is the amount of additional tax one would be required to pay if he or she made one additional dollar.
At several points of income, a person would lose money by working more through progressive taxation and reduced subsidies; the article cites examples of “Under the House bill, a family of four starting at $43,670 that earns an additional $1,100 would see its total income fall by $870.”
And THIS is Change I can believe in.
Man, we need a fair or flat tax at this point.
What makes a fair or flat tax even close to fair? Sure, it may seem equitable, but they are by no means the best systems of taxation in existence.
The extreme libertarian argument… What tax system will work then? The government needs some money to operate, but I’d restrict it as much as possible.
There is nothing extremely libertarian in that comment whatsoever; I am simply stating the status quo does not work, and our system of taxation actively harms our country.
There is, Mike. I’ve talked to libertarians the country over: they don’t think the government should collect any money from its people.
Yes, it does, but what tax system is fair in your mind?
Firstly, I make no such insinuations in my writing; I simply say that the current tax system is not ideal.
The Libertarians in question think that although government needs money to operate, the Federal Income Tax is not Constitutionally legal and should be removed. Some advocate for no replacement, a fair/flat tax, etc.
I will not make statements on better systems of taxation, as I have not examined the situation thoroughly enough to be able to decide which systems are best.
I never understood why the tax rate is incrementally progressive. Why isn’t it just r=j*e^(k*x), where r is the rate, x is income and j and k are voted on. How much more money do we need to put into education before this happens?
Yes, but stop dodging the question: what should replace it? You’re showing a problem without suggesting an alternative. This is what Obama has been saying about us since he came into office.
GIVE ME AN ALTERNATIVE. What is a better choice than a progressive federal income tax?
the only thing wrong with the current system is republican/conservative recalcitrance. countries with better regulation had business and banks have done better than ours, canada and brazil being 2.
where do you get the idea that “keeping all you earn ” is a basic tenit of liberty? the founding fathers put the right of taxation in the early articles of the constityution, not in the amendments like the right to gun ownership. during the revolution real patriots left their blood in the snow of valley forge not b/c they didn’t like shoes but b/c there was no statutory means of taxation to provide them. is that what you want to see, that those who actually believe in this country more than they do in amassing personal wealth have to bleed for that belief b/c conservatives DON”T CARE?
You really don’t see the problem, lou? Why should someone’s labor be taxed? And why should someone’s labor be taxed more than others just because they make more? Consumption-based taxes are the only ones that truly make sense, but a flat tax is probably the best we can get in this country (because of the Democrats.)