Now is not the time to change the tax code, it time to change the policy. .
On Tue, Apr 26, 2011 at 3:25 PM, Casey Dougall <[email protected]> wrote: > > On Tue, Apr 26, 2011 at 3:14 PM, G Money <[email protected]> wrote: > >> >> On Tue, Apr 26, 2011 at 2:07 PM, Jerry Milo Johnson <[email protected] >> >wrote: >> >> > >> > And I don't know that it would provide much disincentive to purchases, >> > as most purchasing by lower-income groups is NOT discretionary, and >> > discretionary spending by upper income folks is not going to be >> > impacted by taxes, as they don't even seem to be impacted by price. >> > >> >> Boy I don't know about that. I mean, we're talking about making up ONE >> THIRD >> of federal revenue. That's more than just a few cents extra on every >> purchase...i think we're talking significant percentage cost increases on >> all items, not just discretionary spending. >> >> We could make the argument that it all evens out. I mean, if I get to keep >> 15% more of my income, then I should have more money to spend on items >> which >> have become more expensive....but I'm not sure if the psychology of >> consumerism works that way. >> >> And I think it's not necessarily true that upper income folks don't care >> about price. Some of the cheapest people I know are rich :) >> >> > > Maybe we never do away with it completely but look at where tax brackets > started previously, w/ inflation, it could be said you get your first > $100,000 tax free ;-) > > > http://reason.com/archives/1999/01/01/constitutional-challenge > > By 1894, a majority in Congress came to support some form of income > taxation. It passed a law which imposed a 2 percent flat tax on corporate > net income, and on individual incomes in excess of $4,000 ($76,000 in 1998 > dollars). > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336860 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
