Fact-Check: taxes and the Rich

Discussion in 'Economy' started by JBeukema, Apr 30, 2011.

  1. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    Myth 1: Wealthy people pack up and move when their taxes increase.
    Fact 1: High taxes generally do not cause the wealthy to move.


    Myth 2: Blue states are big government states and red states are small government states.
    Fact 2: Blue states are net payers, meaning residents pay more in income tax than they get back from the federal government, while red states are net recipients. Only one red state pays more into the system than it gets.


    Myth 3: The federal income tax may be progressive but the rest of the tax system is not, particularly the payroll tax.
    Fact 3: The entire tax system is progressive.


    The Truth About Taxes and the Rich - Reason Magazine
     
    • Thank You! Thank You! x 1
  2. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
  3. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    13 Conservative Myths About Taxes -- Debunked | Economy | AlterNet
     
  4. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    13 Conservative Myths About Taxes -- Debunked | Economy | AlterNet
     
  5. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,684
    Replace "tax cuts for the wealthy" with "government" and I'd agree with you.
     
  6. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    Political food fights are fun, just grab some rant by a hack and throw it at someone else.

    Earning a living and feeding a family is work because that's where money facts have to be checked and double checked. No problem, we got lots of good places for getting records on past tax rates and revenue. If you're interested it might be interesting for us to see together how the facts speak for themselves --not what pundits say about the facts.

    Then we can vote in candidates that let us feed our families.
     
  7. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    An entire political party based mostly on mythology.
     
  8. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    It's just not worth the trouble. Have a great day.
     

Share This Page