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

To: Tenchusatsu who wrote (607827)	4/14/2011 7:43:22 PM
From: i-node	Read Replies (2) \| Respond to of 1583823

A progressive tax curve is fine as long as it isn't too sharp of a curve. Otherwise it punishes those who have very unsteady incomes. A windfall one year followed by several lean years would effectively be taxed at the high rate. Used to, we had "Schedule G" to mitigate this situation, but after the Reagan TRA86, the flattened rate schedules meant it was unnecessary. It is interesting to me that the Left complains about the working poor being punished by our tax system. It is true -- SS and Medicare taxes are terrible burdens for these people (even worse for the < $100K self-employed, who get creamed with a 15% surcharge). But they conveniently forget that both these most regressive taxes are a direct result of failed SS and MC programs, both creations of liberal government run amuck. Of course, now what they want, is to structurally modify this tax burden so the tax bears no relationship at all to the benefit. SS and Medicare must be killed. After Al gets his, of course.