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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (79012)	4/16/2010 12:34:33 AM
From: ManyMoose	Read Replies (2) \| Respond to of 90947

Oh goody, I could get out of paying taxes! Let's just exempt the bottom 60 percent of earners from paying income taxes

To: Sully- who wrote (79012)	6/3/2010 2:29:17 PM
From: TimF	Read Replies (1) \| Respond to of 90947

A modest tax-day proposal: Let's just exempt the bottom 60 percent of earners from paying income taxes I might get out of paying income taxes. Also lots of people would get out of filing, enforcement efforts could be reduced, there are some serious positives with the idea. But a major problem with it is that 60 percent of people could vote in policies that they don't have to pay for. Also it would probably put upward pressure on taxes for the top 40%, and even if it doesn't, if the 14% lost revenue is made up with reduced spending (which doesn't seem likely), the marginal tax tax paid on exceeding 60% might be high.