Who stands to lose? Jul 21, 2009
rinnie wrote on Jul 20, 2009 11:43 AM:" Everything that helps ordinary Americans is portrayed as "socialist" by it's opponents. Many people argue that the federal government has no business funding public schools or infrastructure projects. The federal government has no business regulating interstate commerce. The federal government has no business forcing states to abide by the civil rights act. The federal government has no business interfering with industry's effort to exploit the people and... (Helena Independent Record)
The Price of Leaving the Details to Congress Jul 17, 2009
The economy was growing again, and the political way was open for Roosevelt to institute left-wing policies like steeply progressive tax rates, Social Security and the pro-union Wagner Act, all passed in later 1935. Roosevelt had advantages Obama lacks. (Human Events Online)
What is the Flat Tax? Jul 8, 2009
This would not be the case with money put into tax deferred investments, such as a traditional IRA. However, when investors are ready to cash out their IRAs, they can do so without having to worry about a progressive tax system that will tax them at a higher rate for withdrawing a large amount of money. Instead, the money would simply be taxed at 15% unless the person's total income was below the taxable limit. (Suite101.com)
Fair Tax issue visited during Fulton meeting Jul 7, 2009
It is a nonpartisan proposal that replaces all income and payroll taxes with a progressive tax on consumption of new goods and services. Used goods would be exempted. (Fulton Sun, MO)
Look who's talking, union heads, recall Prop. 1A? Jul 5, 2009
"Accountability isn't driving the state budget process. We have to get our priorities straight, and that starts with real leadership." And radio spots purchased by the California Federation of Teachers "tell(ing) legislators and the governor they need to solve the state's budget problem with progressive tax policies, not by wrecking the future of students and their teachers.". As we mull these failures of accountability and leadership, let us not forget that these selfsame defenders of the... (San Francisco Chronicle)
EXCLUSIVE: Jim DeMint's Formula for Saving Freedom Jul 1, 2009
So we do have a challenge to the whole democratic system because of our very progressive tax code, because of our dependency programs that we ve established. JB: One of the things you hit on hardest is the means by which the automobile makers being taken over, effectively, by the government. (Human Events Online)
McGinty: State's outdated tax code needs serious work Jun 28, 2009
As a result, in Georgia's supposedly progressive tax structure, the top income bracket lumps a family making $16,000 with one making $1. 6 million. (Athens Banner-Herald)
On Your Mind Jun 6, 2009
A progressive tax hurting poor and low-income people the most. Welcome to European living -- most people live in small apartments and few can afford to own homes. (Sierra Vista Herald, AZ)
Schwarzenegger suggests state consider flat tax... Jun 6, 2009
In fact, it would be a perfectly progressive tax, with no penalty for earning more income. Someone making less than $20K will pay no tax, someone making $25K will only pay tax on $5,000, and somebody earning $1M will pay tax on almost all of it. (The Drudge Report)
Stephen Kemp: No Humphreys here Jun 3, 2009
Increasing the income tax to the top 2 percent of income earners is a progressive tax. Those same top income earners pay a smaller percentage in state taxes than the poor or middle class. (Winona Daily News, MN)
California's sweet dream sours May 27, 2009
"California is a fiscal failure. The state brags the highest corporate income taxes in the West (and only seven states have higher corporate rates). California ranks at the top of the heap with the most progressive tax scheme in the nation, including the second-highest rate in the nation for those making in excess of $1 million. The sales tax burden in California ranks 13th in the nation. The total tax burden by California ranks 6th highest in the nation ... And California is asking Obama for a... (Asia Times Online)
Millionaires Go Missing in Maryland; Fleeced taxpayers fight back.... May 27, 2009
However, this is one reason that depending on the rich to finance government is so ill-advised: Progressive tax rates create mountains of cash during good times that vanish during recessions. For evidence, consult California, New York and New Jersey (). (The Drudge Report)
Zimbabwe: Tax Evaders Must Own Up [editorial] May 26, 2009
A progressive tax system whereby the rich and bigger businesses might pay more is one thing, and acceptable. A system whereby the whole country is totally carried by a small minority is another, and quite unacceptable. (allAfrica.com)
Reasons to back tax reform May 24, 2009
The latter is a progressive tax system. Neither of these necessarily mean the "wealthy" (how is this defined. (Logan Herald Journal, UT)
California Grinds to a Halt May 21, 2009
California led the way with extremely progressive tax rates and is losing employment and population rapidly. If America s federal income tax gets more progressive, rich Americans will, one way or another, find ways not to pay, even if it means cutting their own incomes or leaving the country. (Human Events Online)
The tax no one wants to talk about May 17, 2009
Over the long haul, an amendment to the Constitution would allow the Commonwealth to join 34 states and the federal government in establishing a tiered, progressive tax rate system. But even this year, we could raise the personal exemption, increase the state Earned Income Tax Credit, or expand the Property Tax Circuitbreaker, so that more of the revenue we raise is coming from taxpayers with higher incomes, while lowering taxes for those near the bottom. (Boston Globe)
94 comments May 16, 2009
How Socialism Works in the Real World - HUMAN EVENTS. How Socialism Works in the Real World by 05/14/2009. (Human Events Online)
How Socialism Works in the Real World May 14, 2009
David Kamerschen is a professor of Economics at the University of Georgia who has fun teaching economics to new students fresh to the field. Lots of people who teach economics, including yours truly, have used a variation of David's illustration over the years. (Human Events Online)
Not just the party of no, the party of hell, no! May 11, 2009
BALCONY issued a nine-point proposal on the progressive tax. Click here to view the BALCONY proposal: nine-point proposal. (Atlanta Journal-Constitution -- Opinion)
Skipper Crews: FairTax is simple option May 6, 2009
A progressive tax (or anything else) removes some individual rights. Therefore, the FairTax is a better option than a progressive flat tax. (Athens Banner-Herald)
Failure of labor-baked bills pleases business groups May 3, 2009
Supporters say their plan would have resulted in a middle-class tax cut and a more progressive tax code. By taking away the state's largest tax deduction, opponents argued it would have raised taxes for thousands of mostly upper-income Iowans. (Sioux City Journal)
Left and right both wrong on special election May 3, 2009
The volatility of state revenue is amplified by California's progressive tax structure and its dependence on capital gains. The top 1 percent - incomes above $480,000, about 140,000 returns - account for almost half of all personal income tax in a state of 36 million people. (San Francisco Chronicle -- Opinion)
Obama approval ratings show class divide May 1, 2009
This month Obama declared that his budget, which would reduce the burden on 95 percent of taxpayers, amounted to "the most progressive tax cut in American history." He has described plans to shift more of the tax burden onto high-income workers and small-business owners who received substantial tax cuts during George W. Bush's presidency. Obama, who earned $2. (Boston Globe)
Commentary: Understanding your taxes Apr 28, 2009
A progressive tax increases in rate as income goes up. It is based on the principle of ability to pay: those who have greater income can afford to pay a greater share. (Racine Journal Times, WI)
Obama didn’t cause crisis Apr 20, 2009
Bluto wrote on Apr 19, 2009 11:41 AM:" Beth,It is obvious that with a progressive tax structure the upper quintiles will pay a higher rate. The information you offered takes a look at the tax pie and who contributes what. The fact that the upper 1% contributes by far the largest chunk and that chunk has risen over the decades might simply portray how rich they are and are becoming. Given only the info you've presented it might speak only to the growing divide between the upper class and lower... (Logan Herald Journal, UT)
Tea time: Protesters gather around Wyoming, nation Apr 18, 2009
We have a progressive tax system for a reason; people who make extremely high incomes are the ones who are gaining the most from the American capitalism system and can afford to pay the most and still enjoy a quality standard of living, thus should be giving back to the society that makes it possible for them to make all that money (unfortunately, they won't give back on their own, thus must be forced to do so via taxes); those who are working their tails off for chump change and barily scraping... (Casper Star-Tribune, WY)
Remember who caused current financial mess Apr 17, 2009
As for me, I side with Justice Holmes and believe that a fair progressive tax for everyone will bring us back to the civilization we want and deserve. The Tribune encourages letters to the editor on current issues. (La Crosse Tribune, WI)
More of this story Apr 17, 2009
Revenue sharing provided funds from the state s income and sales tax, a fairer and more progressive tax than the property tax, he said. What message does abandoning this program send. (Newport Daily News, RI)
Obama Calls For Simplifying Tax Code Apr 16, 2009
This tax cut was a core focus of my campaign, it was a core component of the American Recovery and Reinvestment Act, and it is the most progressive tax cut in American history. And starting April 1st, Americans saw this tax cut in the extra money that they took home with each paycheck. (CBS News)
Another View: Super-rich can't plug the budget gap Apr 11, 2009
Based on these numbers, it would be hard to argue that the country doesn't already have a significantly progressive tax system. Taxes aren't just for suckers, with cashiers paying more of their income than corporate chief executives. (Hanford Sentinal, CA)
Wash. Post Says - Gasp! - Rich Paying Fair Share Apr 11, 2009
So even The Post had to conclude: Based on these numbers, it would be hard to argue that the country doesn't already have a significantly progressive tax system. . (Newsmax)
Surf Ballroom honored at Statehouse Apr 9, 2009
PROGRESSIVE TAX The Iowa Department of Revenue has run "north of 50" versions of a middle-class tax relief plan being put together by majority Democrats, according to Jim McNulty, the department's lobbyist. Each run takes 10 to 15 minutes, he said, which is considerably faster than the last time. (Waterloo Courier, IO)
Reaganomics vs. Obamanomics Apr 8, 2009
In interesting outcome of progressive taxes is that high earners are more motivated and haqve more resources to avoid taxes ... Is a progressive tax scheme fair. (Townhall.com)
Lawmakers Looking At State Income Tax Apr 4, 2009
"I'm certainly in favor of a progressive tax, but to totally target them it seems a bit much," said Jeff Stockton. The latest numbers show a 1 percent income tax on everyone could raise upwards of $2 billion over the next two years, but when you limit the tax to millionaires, it only generates about $100 million. (KIRO TV, WA)
How the tax burden has changed since 1960 Apr 3, 2009
In large part this is due to the large increase in the concentration of income, rather than a more progressive tax system, said Joel Slemrod, the director of the Office of Tax Policy Research at the University of Michigan Business School. Economists Thomas Piketty of the Paris School of Economics and Emmanuel Saez of the University of California at Berkeley find that the share of income going to the top 0. (MSNBC -- Politics)
Bonus-free knuckleheads Mar 21, 2009
Asia Times Online :: Asian news and current affairs. The water served at the latest Group of 20 (G-20) meeting of finance ministers and central bankers last weekend must have contained copious quantities of lead or have been shipped over from Stalinist Russia using a time machine. (Asia Times Online)
When wealth became a character flaw Mar 21, 2009
But we have proportionately fewer of the obscenely rich, and outside Alberta, a more progressive tax system. If the Reagan-Bush tax cuts entrenched income inequality in the United States, how did the rich accumulate so much more pretax income in the first place. (Globe and Mail)
Fees: 'Radical and progressive' Mar 17, 2009
" But looking back on the parliamentary battle over tuition fees in 2004, Mr Clarke says that he has been proved right. "We won the argument overwhelmingly," he says. The principle of students being charged fees, repayable when they were working, is now recognised as a "necessary and vital reform". "The most conclusive evidence is that only a few years afterwards there is very little criticism of it," he says. 'Progressive' Although at the time it was attacked by Labour left-wingers, he says it... (BBC News -- UK)
Sutan Sjahrir: Teacher of the nation Mar 10, 2009
"The program of his Cabinet was the program of a welfare state," he said "One of his programs was progressive tax, which means that the higher the income, the higher the tax imposed." ... "The money would definitely come from the progressive tax.". (Jakarta Post, Indonesia -- Features)
Rally in Lafayette 3/7/09 Mar 6, 2009
Bye Bye Berry wrote on Mar 2, 2009 9:20 PM:" Answer to your question - did all of that, went to college, busted my butt, worked in corporate America and saw our jobs disappear. How in the world do you think everyone should pay the same amount of money in taxes? We have always had a progressive tax, the more you make the more you pay! As my salary increased, so did my taxes! ". To Bye Bye Berry wrote on Mar 1, 2009 6:03 PM:" If you have a problem with people making more money then you then you... (New Iberia, LA)
Obama's Punishing Tax Plan Echoes Wright's Rants Mar 3, 2009
To be sure, a progressive tax structure is nothing new. As it is, the top 5 percent of households pay nearly 60 percent of federal income taxes. (Newsmax)
Mass. healthcare reform is failing us Mar 2, 2009
A modest, progressive tax would replace what people currently pay out of pocket. This program would pay for itself by eliminating the wasteful administrative costs and profits of private insurance companies, and save $8 billion to $10 billion in Massachusetts alone. (Boston Globe)
TAX THE RICH Mar 1, 2009
A majority of the groups calling for progressive tax reform are nonprofit, community-based organizations that depend on government funding to provide essential services to low-income New Yorkers, services made even more critical in an economic recession. Employees of these organizations do not have large salaries or pensions, and the agencies themselves often receive such limited government contracts that they have to raise private money just to make payroll and keep programs running. (New York Post -- Opinions)
THE $1 TRILLION TAX INCREASE... Feb 27, 2009
Progressive tax law attempts to redress the inequity our system creates. No citizen who works should exercise an outlandish economic ical ability. (The Drudge Report)
Guest opinion: Legislating a fair shake Feb 26, 2009
In 1989, one of the best reasons for celebrating Montana's 100th birthday was the state's progressive tax system ... The unmaking of Montana's once-progressive tax system includes these watershed events. (Montana Standard, MT)
Social Levelers On Left Need Rich To Fund Their Spending Appetites Feb 25, 2009
Due to our progressive tax system, regardless of where this income shifts downward, it would produce less revenue. If it were reallocated equally to all five rate brackets below 35%, it would produce $94 billion less. (Investors Business Daily)
Read the 'JER' transcript Feb 24, 2009
Very progressive tax code, which means in the boom time the revenues soar, Dan, but in the bust, they really collapse because the high revenue or high earners don't earn as much. and the state is very dependent on a very few taxpayers. (Fox News)
Populists set up camp in House Feb 17, 2009
A group of nearly two dozen House Democrats last week revived the party's moribund , vowing to push aggressively for a broad "middle-class agenda" of good jobs, tougher corporate regulation, progressive tax cuts, universal health care and a deep suspicion of traditional trade deals. "I know if William Jennings Bryan were alive today, he would be standing up with us," said Rep. (Insight on the News)
* Chavezs 10th anniversary a reminder of all that can go wrong Feb 16, 2009
To avoid this outcome, it is vital to purge certain reactionary and numbing beliefs, including the idea that reducing poverty obviates the need to address inequality, or that development is possible without introducing modern and progressive tax systems. If the 10th anniversary of Chavezs tenure can serve as a reminder of the perils that beset unjust democracies X especially now that a new electoral cycle in Latin America looms X then Venezuelas agonizing recent history would, at least, be... (Taipei Times, Taiwan -- World Business)
