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Kickaha
Veteran Member
 
Join Date: May 2004
 
2009-03-14, 12:51

Quote:
Originally Posted by cosus View Post
So... this tax is only progressive if you are under the poverty line, otherwise it's highly regressive? Seriously, like others have said, it's the percent of your income that you actually spend. The more you make, the less, as a percentage, you spend and the less that you pay as a percent in taxes. Regressive.

Reading the WSJ, a little over 1,000 people in the 90%+ income avoid taxes entirely.

Then there's the idea that saving money is actually bad for the economy and really, only the wealthy save a significant amount of their income.
*headdesk*

What can I say. Read the site.

I'm bowing out, this obviously will take all day. Anyone who's interested, you've got the links.
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