SI
SI
discoversearch

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 : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lane3 who wrote (9384)1/23/2006 5:04:53 PM
From: TimF  Read Replies (1) of 541315
 
Re the negative income tax, I've been reading about that for a good four decades and I've never seen her argument before about placing the burden of raising taxes on everyone, not just the tax payers. I think that's a terrific argument.

I think its terrific in theory, but I'm not sure how well it would work out in practice. When spending increases, if there is an eventual tax increase to cover the cost you will get politicians saying "the burden shouldn't fall on the poor", and so the "negative income tax rate" may change so that the overall tax increase does not impact the people receiving the "negative taxes".

But I wonder how many people who know work would work if they could collect $28K for not working.

Quite a few I imagine. Of course a lot of them are already not working but for the most part brining in less. But giving them all extra income (and also giving extra benefits to the working poor as well) would indeed be expensive. Also you would get some additional people who would stop working.

The state takes a chunk, the heir finder takes a chunk, and I suppose that, with Jane's plan, there would be a tax guy to take the rest.

Isn't "the state" also "the tax guy"? Jane's plan removes the inheritance tax, but also the step up in basis. Hard to say if you would do better or worse (impossible to say without information about the original basis).

The removal of the step up in basis is in theory more elegant and fair than the inheritance tax, but in practice it is complicated.

Tim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News