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Reply #34: Your argument contradicts the whole principle of progressive taxation. [View All]

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Unvanguard Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-02-11 04:03 PM
Response to Reply #31
34. Your argument contradicts the whole principle of progressive taxation.
Income taxes hit high incomes at higher rates, not just higher absolute amounts, than low incomes. Why? Because, even though 2% of a rich person's income is much more in dollar terms than 2% of a poor person's income, poor people need the money a whole lot more than rich people. So a blanket percentage tax cut for all people has progressive effects, i.e. it helps poor people more than rich people.

Now, I agree, that payroll tax cut would be better if it spent the same amount of money, but directed it more specifically at low-income families. That would both be better stimulus (because more of the money would be spent rather than saved) and better in terms of social justice (because it would mean that the money went to those who needed it most.) But the fact that there is a better option doesn't change the fact that the payroll tax cut is a real help both to our economy and to the working families whose income it supplements. And it also doesn't make it regressive, which it simply isn't.
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  -REPORT: Debt Ceiling Deal Will Cost 1.8 Million Jobs In 2012 Pale Blue Dot  Aug-02-11 01:26 PM   #0 
  - I've said this all along...we have an unemployment crisis, not a debt crisis.  jtown1123   Aug-02-11 01:29 PM   #1 
  - +100000  Dappleganger   Aug-02-11 01:29 PM   #2 
  - If this report is correct (and I think it is)  Pale Blue Dot   Aug-02-11 01:31 PM   #3 
     - We sure will n/t  OhioChick   Aug-02-11 03:22 PM   #13 
  - Yep, needlessly driving the economy over a cliff,  MadHound   Aug-02-11 01:33 PM   #4 
  - Not too sure about these projections....  econoclast   Aug-02-11 02:11 PM   #5 
  - Of course it will austerity always does that.  nadinbrzezinski   Aug-02-11 02:13 PM   #6 
  - Robama throws a fight  Grrrfun   Aug-02-11 02:46 PM   #7 
  - This is what the Tea Party wants  jpak   Aug-02-11 02:47 PM   #8 
  - So why did Obama accept a plan that does exactly what the Tea Party wants?  Pale Blue Dot   Aug-02-11 03:08 PM   #9 
     - Becasue he didn't and any informed Democrat knows this to be true  jpak   Aug-02-11 03:17 PM   #10 
        - What?  Pale Blue Dot   Aug-02-11 03:20 PM   #11 
           - The douchebags lost Mr. Lewbowski  jpak   Aug-02-11 03:25 PM   #17 
              - So where are you disputing the OP or the implications? nt  Pale Blue Dot   Aug-02-11 03:33 PM   #23 
                 - Nope - the cuts will impact jobs  jpak   Aug-02-11 03:35 PM   #27 
  - This EPI report assumes no payroll tax cut extension and no UI extension.  Unvanguard   Aug-02-11 03:21 PM   #12 
  - You think this group of rightwing nutters are going to do either?  truebrit71   Aug-02-11 03:25 PM   #18 
  - I don't know what will happen. But neither does the EPI. Neither issue has been resolved yet.  Unvanguard   Aug-02-11 03:28 PM   # 
  - Duplicate. n/t  Unvanguard   Aug-02-11 03:28 PM   #20 
  - Not entirely  frustrated_lefty   Aug-02-11 03:31 PM   #21 
     - I'm not assuming anything. I'm just pointing out that the EPI is making two big assumptions.  Unvanguard   Aug-02-11 03:33 PM   #24 
  - New America doesn't need workers.  Octafish   Aug-02-11 03:22 PM   #14 
  - It's the third way  Bluebear   Aug-02-11 03:24 PM   #15 
  - The Third Way: Because "Feudalism" Was Already Taken.  Ignis   Aug-02-11 05:11 PM   #42 
     - You said it.  Bluebear   Aug-02-11 05:40 PM   #50 
  - I do, because the payroll tax cut is a big benefit to the rich  hfojvt   Aug-02-11 03:32 PM   #22 
     - How exactly is the payroll tax cut a big benefit to the rich?  Unvanguard   Aug-02-11 03:34 PM   #26 
        - because 2% of $100,000 is a lot more than 2% of $15,000  hfojvt   Aug-02-11 03:52 PM   #31 
           - Your argument contradicts the whole principle of progressive taxation.  Unvanguard   Aug-02-11 04:03 PM   #34 
              - so you think that $300 helps more than $2,000  hfojvt   Aug-02-11 04:28 PM   #36 
                 - Yes, I do.  Unvanguard   Aug-02-11 04:40 PM   #38 
                    - no, you are trying to reverse the argument  hfojvt   Aug-02-11 05:04 PM   #40 
                       - I would be against extending the payroll tax cut beyond the recession.  Unvanguard   Aug-02-11 05:16 PM   #43 
  - I've heard other reports as well.  mmonk   Aug-02-11 03:25 PM   #16 
  - That is exactly what the teanutters want. They WANT  liberalhistorian   Aug-02-11 03:27 PM   #19 
  - Exactly. nt  Pale Blue Dot   Aug-02-11 03:34 PM   #25 
  - That will just about wipe out the jobs repairing the US infrastructure Pres  Obamanaut   Aug-02-11 03:36 PM   #28 
  - That's okay...we have plenty of those!  Horse with no Name   Aug-02-11 03:37 PM   #29 
  - Kind of stupid, isn't it?  Yo_Mama   Aug-02-11 03:46 PM   #30 
  - No Creepers on this thread, huh.  readmoreoften   Aug-02-11 03:55 PM   #32 
  - If that's true, we will definitely be in a recession by the middle of next year  Cali_Democrat   Aug-02-11 03:57 PM   #33 
  - I hate to break it to you, but by the middle of next year  Pale Blue Dot   Aug-02-11 04:31 PM   #37 
     - Technically the definition of a recession is two consecutive quarters with declining GDP  Cali_Democrat   Aug-02-11 05:05 PM   #41 
        - You are aware that Q1 GDP was just revised down from over 2% to 0.4%, right?  Pale Blue Dot   Aug-02-11 05:17 PM   #44 
        - I mean negative GDP  Cali_Democrat   Aug-02-11 05:28 PM   #46 
           - I'm saying that current GDP will be revised downward as well.  Pale Blue Dot   Aug-02-11 05:31 PM   #48 
              - That wouldn't surprise me at all. n/t  Cali_Democrat   Aug-02-11 05:33 PM   #49 
        - what would you like to call this economy then?  roomfullofmirrors   Aug-02-11 05:22 PM   #45 
           - Shit. n/t  Cali_Democrat   Aug-02-11 05:28 PM   #47 
              - works for me.  roomfullofmirrors   Aug-02-11 05:47 PM   #51 
  - Boehner said he'll work on creating jobs when he gets back from his 5-week vacation.  Major Hogwash   Aug-02-11 04:11 PM   #35 
  - Thank heavens our president will be pushing those trade deals. That should balance  Karmadillo   Aug-02-11 04:45 PM   #39 
  - This wasn't about helping the economy.  moondust   Aug-02-11 06:04 PM   #52 
 

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