Silicon Investor (SI) -- The First Internet Community

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 Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (532685)	11/28/2009 1:26:11 PM
From: combjelly	Read Replies (1) \| Respond to of 1575901

"The majority of the effective tax rate paid was determined by actual taxes, state and federal, income and payroll, (which I don't think you can reasonably dispute)" Federal income tax isn't a factor and the rest are either fixed, your property tax or sales tax isn't scaled to income, or a fixed percentage. So they can be discounted. "by the effective subsidy for insurance provided by Medicaid and SCHIP" This is the biggest chunk of money. One that isn't a factor for the vast majority. "and for some by section 8 housing (and the information I posted about it was clearly accurate)." Which isn't a factor for most. The hurdles are high and the waiting list is long. Takes a lot of time that someone with a joh doesn't have to meet the qualifications, at least in most states. "A $100 or $200 less, or even the total elimination of the TANF funds doesn't make a very big difference." It isn't a factor at all for those who make more than, say, $400 a month. Which wasn't the focus of the article. Yet it included it. "Not maximizing your other possible benefits could, but subtract 25% off the effective marginal rate (a huge change) and your still facing rates of 50 to 100%" Where did you get the 25%? Oh, that is right. Hand waving again. I can make up numbers also to illustrate a real problem. However, bad numbers don't make the argument stronger, but it does give a basis to dismiss it. This guy was more interested in beating his particular drum instead of being accurate. That is ok, I suppose...