Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 252.25

+0.9%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cary Salsberg who wrote (43363)	3/8/2001 9:12:42 PM
From: mitch-c	Read Replies (4) of 70976

OT - another tax plan Hey, this one impressed my dad when I came up with it a few years back ... kick it around. Although I disagree with income taxes (vs. sales or consumption taxes), this might work. Definitions: m - minimum wage ($per hour) my - man year (normal work hours/year) r - tax rate (flat for everyone) e - annual earnings t - annual tax due Plan: t = r * (e - (m*my)) The resulting marginal tax rates are a horizontal hyperbola, zeroed at the minimum wage level and asymptotic to the flat rate. It's a smooth curve - there are NO brackets. Both the minimum wage and the tax rate are set by legislation, as now; however, the exemption is coupled to the minimum wage. An increase in the minimum wage AUTOMATICALLY increases the exemption - effectively cutting taxes for everyone. To close that feedback loop, one would expect the minimum wage to bear a relationship to the poverty level and/or inflation, thus counteracting the current phenomenon of bracket creep. Thoughts? - Mitch@chewmeupanspitmeout.gov

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next