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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: mitch-c who wrote (43369)3/8/2001 9:47:17 PM
From: michael97123  Respond to of 70976
 
Did your dad find Einstein's missing brain?
Mitch,
I cant figure it out but I am sure it would work. If only Gephardt would get rid of his muffler and come to the amat thread. Good ideas from both the left and the right and over the past few days we have worked out several reasonable solutions/compromises that both sides could live with. Dems could get that done with Bush if they would lose the class warfare theme and adopt this plan or Cary's or mine. I love this thread! mike

PS BTW Am actually listening to a spring training game tonight. Baseball on the way---recession over. You west coast folks just dont know what you are missing when April arrives, particulary after a very difficult winter. Yeah, i know, winter sucks but spring is so sweet when it finally arrives.......



To: mitch-c who wrote (43369)3/8/2001 10:36:32 PM
From: Jerome  Respond to of 70976
 
Mitch... good plan... simple formula....

The CPA and the tax lawyers will hate this one... no place to hide.

If I like it does it mean that Daryll and the other Republicans will automatically hate hate it and veto it?

Jerome :)



To: mitch-c who wrote (43369)3/8/2001 11:10:07 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 70976
 
re: your tax plan:

1. the purpose of the tax code is to control citizen's behavior. Every time our legislators want us to do something, they give us a tax incentive. Every time they want us not to do something, they tax it. Over the years, they have thought of many, many things they want us to do (or not do). Your plan would mean giving up that power, and I don't think our elected leaders (of any party) want that.

2. do you include all income (capital gains, dividends, etc.) in your "earnings"? Or just wages?

3. The inflation-adjusted minimum wage has been declining since the 1950s. Today, you cannot provide the minimum necessities of life for a family, with a full-time minimum-wage job. Instead of M*MY, it would be fairer to use whatever amount provides for a family's necessities, and adjust it for inflation.



To: mitch-c who wrote (43369)3/9/2001 2:08:10 PM
From: Cary Salsberg  Respond to of 70976
 
This is merely a flat rate tax on income above one years minimum wage. As such, it is regressive. It might be interesting to exempt some multiple of the minimum wage.

t = r*(e - c*(m*my)) where c is 2,3, or 4