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Article #80Re: Income tax repealed...maybe...
From: Joel N. Squire
Date: Thu, 20 Jun 1996 00:00
Date: Thu, 20 Jun 1996 00:00
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2296 bytes
>>>>> "Greg" == Mborealis <borealis@cais.cais.com> writes: Greg> This system would place disproportionate burdon on lower income Greg> citizens. Not that the current system is a paradigm of Greg> fairness... Greg> Figure: Citizen A makes $20k/yr, Citizen B makes 100k/yr. Both Greg> spend the same amounts on necessities of life (food, rent, Greg> etc.). Both pay 15% on those purchases. Let's say both manage to Greg> do it for only $16k. Citizen A clears $4k for the year, and Greg> Citizen B clears $84k. This assumption seems rather dodgy. The 'necessities of life' are not fixed in stone. Most people who earn 100k/year are going to spend more for food/rent/heat/whatever than a 20k/year earner. You could as well claim that the 25k/year Citizen C spends on the 'necessities' to be the minimum, and therefore the other two are 'unfairly' being taxed less. Greg> While Citizen B works hard for his money, It seems unfair that Greg> his share of the cost of government should be 16% of his income, Greg> while it is 80% for Citizen A. Greg> The current system of taxation is badly in need of reform. I Greg> think it should remain somewhat progressive, and tied to income Greg> level, certinly not in the form of a sales tax. Greg> PS I am a student of economics, and a pragmatist, please do not Greg> waste everyones bandwidth flaming me as a 'communist'. -- Joel N. Squire <squire@colorado.edu> .oO finger for PGP key Oo.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10675b,c130b71215087dba X-Google-Attributes: gid10675b,public X-Google-Thread: 101049,c130b71215087dba X-Google-Attributes: gid101049,public X-Google-Thread: f49ec,c130b71215087dba X-Google-Attributes: gidf49ec,public X-Google-Thread: 108bc6,c130b71215087dba X-Google-Attributes: gid108bc6,public From: Joel N. Squire <squire@colorado.edu> Subject: Re: Income tax repealed...maybe... Date: 1996/06/20 Message-ID: <qann31yky9g.fsf@rintintin.Colorado.EDU> X-Deja-AN: 161273098 distribution: usa sender: squire@rintintin.Colorado.EDU references: <4q7stf$uv@nntpa.cb.lucent.com> <4qbenm$7k7@news2.cais.com> organization: University of Colorado-Boulder newsgroups: cle.general,nyc.general,dc.general,boulder.general nntp-posting-user: squire