Republicans are pressing to reduce the size of tax credits for families with incomes that are below three times the poverty rate. They would also like to trim back insurance coverage mandates in hopes of lowering premiums that would have to be subsidized.
Republicans always insist they have nothing against the poor, then keep voting against the poor.
How much income tax do families 3X under the poverty rate pay?
Even more than Ayn Rand, Judge Smails is the GOP’s most influential icon.
How much taxes as a part of their income do they pay in sales tax? Let’s just liquify them, right Save?
If you have a problem with the amount of sales tax paid by the poor, then adjust the sales tax.
That would also reduce the amount paid by the rich, no?
Are you this thick? They pay taxes, which is my point. The lucky duckies argument died years ago.
I agree with Oliver. We should go ahead and change over to a consumption tax and simplify things for everyone, since income/sales/etc is just semantics.
Buzz K.: We should go ahead and change over to a consumption tax and simplify things for everyone, since income/sales/etc is just semantics.
Yes, that would be a much simpler way of ensuring the least wealthy pay the highest proportion of tax.
Snark aside, have you read up on the Fair Tax? I’d be interested to hear the concerns from the lefty side.
I’d be interested to hear the concerns from the lefty side.
Here ya go. Go nuts.
Buzz K.: Snark aside, have you read up on the Fair Tax? I’d be interested to hear the concerns from the lefty side.
Yes, I have. And what isn’t there to be snarky about?
A “Fair Tax” would be fair to whom? It’s progressive on consumption and while that may at first glance seem a good and fair idea (the more you consume the more you pay), it’s apparent to anyone who spends more than two seconds actually understanding it that it shifts the tax burden vastly towards those least able to afford it. It is extremely regressive on income.
Those who make just enough to pay for the basic needs of life lose a far higher portion of their income to taxes than those who make more, those who are actually able to handle a higher tax burden without a significant effect on their living standard.
And that’s “fair”?
Sean, how to the “pre-bates” not address that issue?
And I was referring to my own previous snarky comment.
I’d go for a regressive tax if progressive spending was mandated. But seriously folks, progressive taxation is also about keeping the economy steady, among other things.
Buzz K.: Sean, how to the “pre-bates” not address that issue?
That would be the “pre-bate” that’s based only on family size and not actual consumption level? In other words, a rebate of the consumption tax that isn’t based on consumption.
Looks like it’s moving off the rails already.
Never mind the lefty view.
Let conservative economist Bruce Bartlett explain why the Fair Tax is a load of cracked pottery.
But you see, if we do things to HELP the poor, then the poor have no incentive to help themselves. In fact, we need to do everything we can to make life as difficult as possible for the poor, just to give them the maximum incentive to improve their lives. And if they can’t, it’s because they are Lazy and/or Immoral.
(read above sarcastically)