tag:blogger.com,1999:blog-16220268.post7240474597651995234..comments2023-10-10T08:03:04.018-05:00Comments on Secondhand Smoking Jacks: Re: ruthless (or fair)Michaelhttp://www.blogger.com/profile/10901973780238251138noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-16220268.post-88608163327381840962008-12-02T21:36:00.000-06:002008-12-02T21:36:00.000-06:00If you make minimum wage, you're making a little u...If you make minimum wage, you're making a little under $12,500/yr. 15% on that is a bit over $1800. That's a big, painful chunk that leaves very little. Until the 40's we didn't ask for such a large chunk out of these small paychecks. We asked for more to pay for the war, but then didn't reduce that burden until the late 70s.<BR/><BR/>It dawns on me now, though, that my graph may be incomplete/misleading for super low incomes. I'm not sure, but I think that today if you make that little you may not be paying the purported (by the graph) 10%, given credits. You may instead be paying $0.Stephaniehttps://www.blogger.com/profile/02567967427556481084noreply@blogger.comtag:blogger.com,1999:blog-16220268.post-85311645728301154572008-12-02T18:51:00.000-06:002008-12-02T18:51:00.000-06:00Yeah, but...You have the ability to create the gra...Yeah, but...<BR/><BR/>You have the ability to create the graph. I don't.<BR/><BR/>I know you know but my point for our reader was that the same rate for all is by definition fair. Maybe fair isn't exactly the right term; maybe the term is equitable in its purest sense. To take more from some than from others, whatever the motivation does not treat people the same way. The progressive system, which I've said is ok when reasonable, compulsorily takes from some to give to others.Scooterhttps://www.blogger.com/profile/00319045516368609297noreply@blogger.comtag:blogger.com,1999:blog-16220268.post-87994715649816883772008-12-02T18:20:00.000-06:002008-12-02T18:20:00.000-06:00Oh, yep, you're right about Hoover. The ruthless ...Oh, yep, you're right about Hoover. <BR/><BR/>The ruthless part was taking money (via taxes) from the poorest at a disproportionate rate to give to the most wealthy (via tax breaks).<BR/><BR/>To me, progressive is fairer. <BR/><BR/>Graph is OK, but inadequate because it doesn't convey what income level is subject to the high/low tax rates (and everything in between). That's an important part of the picture, too, but it's beyond my imagination/skills/time to represent it in a graph.Stephaniehttps://www.blogger.com/profile/02567967427556481084noreply@blogger.com