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Subject: "Tax Burden is about the Individual" This topic is locked.
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M2
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Fri Mar-11-05 01:42 AM

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58. "Tax Burden is about the Individual"
In response to In response to 0


          


How much of their money goes to taxes and the impact paying those taxes has on them.

You cannot judge the tax Burden based on what group pays the most taxes, because that number is determined by two things:

-Amount of money available to be taxed

-# of People within that Group.


Which speaks more to the size collective wealth of that group, moreso than the impact it has on them or what % each person on an individual basis pays in taxes.

Tax Burden is an individual metric, that has to be looked at first by the magnitude of economic impact and then by the % of income that goes to taxes.

For example: a Single Person (With no children) who makes $56k/yr has 25% as their top marginal rate, whilst two married people (w/o kids) who earn $56k/yr together have 15% as their top marginal rate.

The Married people get to keep more of their income, than the single person - which means the single person is getting taxes for not being Married AND has a heavier tax burden to bear.

That's what Tax Burden is all about.

E.g. Warren Buffet may pay a lot more of the total tax collected than a family earning $40k, but the family earning $40k would benefit more from a tax break than Warren would.

That must be why Warren thinks that it would be best for the economy if taxes were raised on the Wealthy, or why he protested the cut in Dividend Tax (Even though he's the one who would benefit more than anyone in the Country) and instead cut the taxes of middle income earners, as it would help Business as a group that is low on disposable income would have more and it would help cut deficits and strengthen the dollar/reduce our reliance on foreign capital.


But I'll let the Conservatives School Buffett on Economics.

LOL



Peace,








M2

The Blog: http://www.analyticalwealth.com/

An assassinís life is never easy. Still, it beats being an assassinís target.

Enjoy your money, but live below your means, lest you become a 70-yr old Wal-Mart Greeter.

  

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the old tax burden [View all] , foxnesn, Mon Feb-07-05 12:21 PM
 
Subject Author Message Date ID
In order for your statement to be valid logically
Feb 07th 2005
1
RE: In order for your statement to be valid logically
Feb 07th 2005
3
Rich people aren't rich because they have a 9 to 5
Feb 07th 2005
2
Most people in the top 5% are the "Working Rich"
Mar 05th 2005
13
      mission accomplished. respect +
Mar 06th 2005
18
      are you blind?
Mar 07th 2005
24
           Elaborate (Again)
Mar 07th 2005
26
                RE: Elaborate (Again)
Mar 07th 2005
31
                     You don't understand what you read
Mar 07th 2005
32
                          there you go again...
Mar 08th 2005
36
You need to get off of that Rush Limbaugh shit.
Feb 07th 2005
4
RE: You need to get off of that Rush Limbaugh shit.
Feb 08th 2005
5
      RE: You need to get off of that Rush Limbaugh shit.
Feb 08th 2005
7
Are you one of the aforementioned rich folk?
Feb 08th 2005
6
lol n/m
Feb 08th 2005
8
lmao
Feb 08th 2005
9
      It's called 'being a community stakeholder'.
Feb 08th 2005
10
You like the flat tax concept?
Mar 05th 2005
11
4th Grade Math Lesson
Mar 05th 2005
12
once again
Mar 06th 2005
15
      Explain.
Mar 06th 2005
17
      Explain your position or shut-up
Mar 07th 2005
23
      lol
Mar 07th 2005
28
Have you been watching FOX again?
Mar 06th 2005
14
i see you are missing your brain again...
Mar 06th 2005
16
I weep for the rich
Mar 06th 2005
19
im not saying that
Mar 07th 2005
21
      who the fuck thinks that?
Mar 07th 2005
22
           i hear it ALL the time
Mar 07th 2005
25
                i agree with that / don't change the topic mid-stream
Mar 07th 2005
27
                     paging Mr. Literal...
Mar 07th 2005
29
the top 1% of U.S. citizens owns more wealth than the bottom 95%
Mar 06th 2005
20
Foxie is a broke-ass Expertise.
Mar 07th 2005
30
The Funny Thing
Mar 07th 2005
33
there's no argument to "try" to make.
Mar 07th 2005
34
      Answer
Mar 07th 2005
35
      bangs head against wall!!
Mar 08th 2005
38
      dude, you need to stop doing that
Mar 08th 2005
40
           this thread turned to pure shit
Mar 08th 2005
49
                here's the problem
Mar 08th 2005
50
      RE: Answer
Mar 08th 2005
42
      no, the "burden" doesn't continue to get bigger
Mar 08th 2005
39
      Show proof...
Mar 08th 2005
43
           grasp this concept
Mar 08th 2005
44
                you haven't shown anything yet.
Mar 08th 2005
45
                     that's ridiculous
Mar 08th 2005
46
                          I think that's what "burden of the taxes" means.
Mar 08th 2005
47
                               regardless of your interpretation
Mar 08th 2005
48
                                    its called a tax 'burden' for a reason
Mar 08th 2005
51
                                         absolutes vs. percentage
Mar 08th 2005
52
                                              RE: absolutes vs. percentage
Mar 10th 2005
55
                                                   *sigh*
Mar 11th 2005
57
                                                        stop putitng words in my mouth
Mar 11th 2005
59
      Umm you missed the point
Mar 11th 2005
56
um...
Mar 08th 2005
37
      And what might those issues be?
Mar 08th 2005
41
           RE: And what might those issues be?
Mar 08th 2005
53
                Wait. Isn't Ex a Libertarian?
Mar 08th 2005
54
*knocks M2 off his high horse*
Mar 11th 2005
60
      You've obviously gone daft
Mar 11th 2005
61
           typical
Mar 12th 2005
62
                you mean the one where he says this:
Mar 12th 2005
63
                     for the last damn time
Mar 17th 2005
65
                          the plague, i tells ya.
Mar 17th 2005
66
                               RE: the plague, i tells ya.
Mar 17th 2005
67
                                    first post.
Mar 17th 2005
68
up
Mar 17th 2005
64

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