http://www.taxpolicycenter.org/UploadedPDF/411693_CandidateTaxPlans.pdf
Page 23 The Making Work Pay credit is intended to offset some of the regressivity of the Social Security payroll tax and encourage low-income people to work, but it does so at a substantial revenue cost$728 billion over 10 years. Because most workers earn more than $8,100 annually, most of the revenue loss would go to taxpayers who receive no incentive to work more. A credit that was targeted more toward low-income workers would provide a more cost-effective work incentive. And because the phaseout of the credit increases marginal tax rates for those workers in the phaseout range, it might actually give those workers an incentive to work less. On efficiency grounds, the money would probably be better spent reducing marginal tax rates overall or reducing the deficit. Anything else I can help you with? On Wed, Oct 15, 2008 at 11:37 AM, Zaphod Beeblebrox <[EMAIL PROTECTED]> wrote: > damnit Sam! Here I misread the web site name thinking it was CBS news > and then started reading the story. When I went to research the whole > tax analysis, I could not find the "non-partisan Tax Policy Center" > that was referenced. I found the Urban Institute Tax Policy Center, > but their analysis was nothing like the one referenced in your email. > > > Anyway, could you please label your links with something like "Wacky > Conservative Mouthpiece Site","Parody Site", "Conservative Spew Site", > or somesuch thing. Thanks > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:274581 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
