Comments on: Income Tax: The Pros and Cons http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/ Everything That's Wrong With You And Your Money Wed, 08 Feb 2012 22:32:00 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: PF Blog Spotlight: Weakonomics | The Amateur Financier http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1861 PF Blog Spotlight: Weakonomics | The Amateur Financier Sun, 05 Apr 2009 13:20:42 +0000 http://weakonomics.com/?p=1351#comment-1861 [...] Week - The Weakonomist spent an entire week covering different methods of taxation, including the income tax, the ‘Fair Tax’, and the Value Added Tax (VAT), which I’ll admit I didn’t [...] [...] Week – The Weakonomist spent an entire week covering different methods of taxation, including the income tax, the ‘Fair Tax’, and the Value Added Tax (VAT), which I’ll admit I didn’t [...]

]]> By: Amy http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1817 Amy Tue, 31 Mar 2009 09:11:31 +0000 http://weakonomics.com/?p=1351#comment-1817 "When you make $10,000, you might pay 5%, but if you make $100,000, you might pay 30%." While you could say something like this is correct (if you're talking about the effective tax rate on gross income), isn't it sort of glossing over the whole mechanism of progressive tax? “When you make $10,000, you might pay 5%, but if you make $100,000, you might pay 30%.”
While you could say something like this is correct (if you’re talking about the effective tax rate on gross income), isn’t it sort of glossing over the whole mechanism of progressive tax?

]]> By: #035 — Links O’ The Week | MyMoneyMinute.com http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1802 #035 — Links O’ The Week | MyMoneyMinute.com Sun, 29 Mar 2009 14:54:34 +0000 http://weakonomics.com/?p=1351#comment-1802 [...] gives us The Pros and Cons of the Income Tax, with a great link to a graph of the world’s income tax [...] [...] gives us The Pros and Cons of the Income Tax, with a great link to a graph of the world’s income tax [...]

]]> By: the weakonomist http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1750 the weakonomist Wed, 25 Mar 2009 02:04:20 +0000 http://weakonomics.com/?p=1351#comment-1750 @SJ, I like your argument about how the rich should feel obligated to pay more to keep us poor folks off their backs. John Galt wouldn't agree, but Galt is an idiot. @SJ, I like your argument about how the rich should feel obligated to pay more to keep us poor folks off their backs. John Galt wouldn’t agree, but Galt is an idiot.

]]> By: Mike http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1749 Mike Wed, 25 Mar 2009 01:27:57 +0000 http://weakonomics.com/?p=1351#comment-1749 I personally do think that the rich should progressively pay more but not as an income tax. I'd be happy if income tax were replaced with a substantial VAT that taxed consumption instead. The rich could still pay for private jets and arm candy but would pay a large VAT for it. I personally do think that the rich should progressively pay more but not as an income tax. I’d be happy if income tax were replaced with a substantial VAT that taxed consumption instead. The rich could still pay for private jets and arm candy but would pay a large VAT for it.

]]> By: SJ http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1744 SJ Tue, 24 Mar 2009 16:51:14 +0000 http://weakonomics.com/?p=1351#comment-1744 I think I read two "pseudo-arguments" both pro and con. One was that the rich should feel obliged to pay more or well... us poor hungry bums would be more apt to revolt and what not; such as gold ole Europe. So they should pay more so the govt. can help em out heh... Not sure how great that analogy is... Also, the question would be who takes advantage of more services of the government? I 've had mixed thoughts on this part... whether the poor take advantage of more services or the infrastructure favors the rich more. I think I read two “pseudo-arguments” both pro and con.

One was that the rich should feel obliged to pay more or well… us poor hungry bums would be more apt to revolt and what not; such as gold ole Europe. So they should pay more so the govt. can help em out heh…
Not sure how great that analogy is…

Also, the question would be who takes advantage of more services of the government? I ‘ve had mixed thoughts on this part… whether the poor take advantage of more services or the infrastructure favors the rich more.

]]> By: Topics about Economy » Archive » Income Tax: The Pros and Cons http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1743 Topics about Economy » Archive » Income Tax: The Pros and Cons Tue, 24 Mar 2009 14:54:48 +0000 http://weakonomics.com/?p=1351#comment-1743 [...] Weakonomi¢s put an intriguing blog post on Income Tax: The Pros and ConsHere’s a quick excerptWelcome to our current system of taxation.  You know the simple process of picking dependents, spouses, claimants, merchants, clergy, politicians, hobbits, muggles, bigots, tempests, magistrates, and pets that all qualify you for various tax breaks.  Of course you pay a certain tax based on how much money you make.  Most states also make you pay taxes based on how much money you make as well.  It’s so simple that there is not an entire industry employing millions devoted to it.  Oh wait… The [...] [...] Weakonomi¢s put an intriguing blog post on Income Tax: The Pros and ConsHere’s a quick excerptWelcome to our current system of taxation.  You know the simple process of picking dependents, spouses, claimants, merchants, clergy, politicians, hobbits, muggles, bigots, tempests, magistrates, and pets that all qualify you for various tax breaks.  Of course you pay a certain tax based on how much money you make.  Most states also make you pay taxes based on how much money you make as well.  It’s so simple that there is not an entire industry employing millions devoted to it.  Oh wait… The [...]

]]> By: Topics about Dogs and Life with Pets » Income Tax: The Pros and Cons http://weakonomics.com/2009/03/24/income-tax-the-pros-and-cons/comment-page-1/#comment-1742 Topics about Dogs and Life with Pets » Income Tax: The Pros and Cons Tue, 24 Mar 2009 14:53:29 +0000 http://weakonomics.com/?p=1351#comment-1742 [...] Weakonomi¢s placed an interesting blog post on Income Tax: The Pros and ConsHere’s a brief overviewWelcome to our current system of taxation.  You know the simple process of picking dependents, spouses, claimants, merchants, clergy, politicians, hobbits, muggles, bigots, tempests, magistrates, and pets that all qualify you for various tax breaks.  Of course you pay a certain tax based on how much money you make.  Most states also make you pay taxes based on how much money you make as well.  It’s so simple that there is not an entire industry employing millions devoted to it.  Oh wait… The [...] [...] Weakonomi¢s placed an interesting blog post on Income Tax: The Pros and ConsHere’s a brief overviewWelcome to our current system of taxation.  You know the simple process of picking dependents, spouses, claimants, merchants, clergy, politicians, hobbits, muggles, bigots, tempests, magistrates, and pets that all qualify you for various tax breaks.  Of course you pay a certain tax based on how much money you make.  Most states also make you pay taxes based on how much money you make as well.  It’s so simple that there is not an entire industry employing millions devoted to it.  Oh wait… The [...]

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