tag:blogger.com,1999:blog-5592514.post4832664538008902320..comments2023-10-24T03:46:41.971-07:00Comments on Contingencies: Soak the very, very richJhttp://www.blogger.com/profile/11567400697675996283noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5592514.post-27961872998340118092010-08-20T10:04:22.264-07:002010-08-20T10:04:22.264-07:00Hello Sir Faville.
I agree. Some tycoon--Buffett ...Hello Sir Faville.<br /><br />I agree. Some tycoon--Buffett or someone was saying much the same a few months ago. As a percentage of income, Buffett pays less in taxes than the middle class, via shelters, investments, charity write-offs etc. <br /><br />Thus the entire premise of the so-called "Tea party" is mistaken, at least historically speaking. Wealthy Americans paid more taxes-Jhttps://www.blogger.com/profile/11567400697675996283noreply@blogger.comtag:blogger.com,1999:blog-5592514.post-37135237628885783942010-08-20T09:39:12.418-07:002010-08-20T09:39:12.418-07:00Another interesting footnote to this:
Compare the...Another interesting footnote to this:<br /><br />Compare the percentage share of corporate taxes of the total revenue burden, decade by decade, since 1960.<br /><br />Big business's "obligation" has been steadily declining as an absolute share. And our tax system is ridiculously out of date. Lower middle-class families now pay taxes at a rate comparable to what doctors and lawyersCurtis Favillehttps://www.blogger.com/profile/06213075853354387634noreply@blogger.comtag:blogger.com,1999:blog-5592514.post-81518059196407933582010-08-15T10:39:46.179-07:002010-08-15T10:39:46.179-07:00Hello Mr Carp
Yes..though I think it was the big ...Hello Mr Carp<br /><br />Yes..though I think it was the big tax-slash at the end of Reagan's term (like '86 or so) which removed the older brackets, which did keep income tax and capital gains taxes high on the very wealthy (Reagan's first term taxes were proportionally higher on wealthy than they are now, according to official stats). <br /><br />Clinton might have raised them Jhttps://www.blogger.com/profile/11567400697675996283noreply@blogger.comtag:blogger.com,1999:blog-5592514.post-70044367648502167872010-08-15T09:40:06.610-07:002010-08-15T09:40:06.610-07:00It's too bad that Washington is so broken that...It's too bad that Washington is so broken that this can't work as a wedge issue. Those over 200k can fight being returned to the hell that was 1998 -- remember how innovation and investment were stifled by the socialistic rates of taxation back then, and how the deficit was mounting -- and in any reasonable world, the mass of people would just laugh at them.CharleyCarphttps://www.blogger.com/profile/14367092598444103753noreply@blogger.comtag:blogger.com,1999:blog-5592514.post-22260631243850739812010-08-13T20:51:43.767-07:002010-08-13T20:51:43.767-07:00Also, scuzi for moderation delay. GoogleCo just mo...Also, scuzi for moderation delay. GoogleCo just modified their spam control, so appears everything is moderated (tho' Contingencies does have enemies, mainly of the mormonic-ghoulish sort)Jhttps://www.blogger.com/profile/11567400697675996283noreply@blogger.comtag:blogger.com,1999:blog-5592514.post-38026753995026807742010-08-13T20:50:18.658-07:002010-08-13T20:50:18.658-07:00Hey JZB
Agreed--the anti-tax hysteria has no basi...Hey JZB<br /><br />Agreed--the anti-tax hysteria has no basis in reason or history but serves mainly as type of rebel call. <br /><br />Many Demos however don't quite realize that the economic thinking of many in the B.O. Admin. (like that of the econo-men from G-Sachs and the Clinton era, such as Summers) differs only slightly from that of the GOP/Tea party anti-tax zombies. Summers for Jhttps://www.blogger.com/profile/11567400697675996283noreply@blogger.comtag:blogger.com,1999:blog-5592514.post-1381609370284137982010-08-13T17:27:39.696-07:002010-08-13T17:27:39.696-07:00The growing disparity at all levels
is something I...The growing disparity at all levels<br />is something I have commented on repeatedly. I wouldn't say the <i> people who earn a few hundred thousand dollars a year have done much worse </i> than anyone. Those above have simply done far, far better.<br /><br />And were talking an increase of 3%. BFD. Really. Way too little, and way too few brackets.<br /><br />Conservatives of all stripes Jazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com