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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (528914)	11/14/2009 9:35:21 AM
From: i-node	Respond to of 1575758

Do you truly believe that some groups get taxed at a rate that exceeds their income? When you are being subsidized at one income level and by moving to a different income level you give up that subsidy, of course.

To: combjelly who wrote (528914)	11/14/2009 9:52:13 AM
From: TimF	Respond to of 1575758

They don't face an average tax rate that exceeds their income, they don't even face a marginal tax rate that exceeds their income if your just talking taxes. But when you add income taxes to payroll taxes, to benefit reductions and eliminations, (including the reduction of subsidies for the health insurance which the house bill requires they buy), then the effect is as if they faced a marginal tax rate that exceeds their income. Add all those things together and many in that income group will not get to keep any extra money in the range in question.

To: combjelly who wrote (528914)	11/19/2009 4:54:09 AM
From: Joe NYC	3 Recommendations Read Replies (1) \| Respond to of 1575758

Do you truly believe that some groups get taxed at a rate that exceeds their income? I am not sure what you are asking here. Tax rate is a percentage and income is in dollars. Apples, oranges. Trying to read you mind, i guess you are trying to ask if there are groups (income groups) that face marginal rate of ~100%. If that's what you are asking, it is clear that a) you have not read Tim's post b) followed links Which is a shame, because you may learn a thing or 2. Mainly about what a perverse set of incentive Democrat architected programs create, and that is before health care legislation is in place, which is (of course) going to make things worse. OTOH, ignorance can be bliss