Essays On Sin Taxes

Essays On Sin Taxes-29
Indeed making judgments on who ‘deserves’ high income and who does not is something best left to socialists and communists and other adherents of failed economic systems. rate in socialistic Sweden is 30% so perhaps Buffett should move to Stockholm.To even ask the question of whether, for example, Ray Romano of the hit television show, Everybody Loves Raymond, deserved his Indeed making judgments on who ‘deserves’ high income and who does not is something best left to socialists and communists and other adherents of failed economic systems. rate in socialistic Sweden is 30% so perhaps Buffett should move to Stockholm. || Indeed making judgments on who ‘deserves’ high income and who does not is something best left to socialists and communists and other adherents of failed economic systems. rate in socialistic Sweden is 30% so perhaps Buffett should move to Stockholm.To even ask the question of whether, for example, Ray Romano of the hit television show, Everybody Loves Raymond, deserved his $1.8 million fee for each ½ hour program is to exhibit a profound ignorance of free enterprise economics. is currently 15% (5% for people in the lowest two income tax brackets). If Buffett feels guilty for not paying more federal tax I would like to assure him that he may give the IRS as much money as he desires and they will accept it so long as he makes clear he is voluntarily over paying his taxes.That is the way it is, which is not to say it is fiscally, socially, or morally wrong, but the reality of it should be recognized and admitted. .8 million fee for each ½ hour program is to exhibit a profound ignorance of free enterprise economics. is currently 15% (5% for people in the lowest two income tax brackets). If Buffett feels guilty for not paying more federal tax I would like to assure him that he may give the IRS as much money as he desires and they will accept it so long as he makes clear he is voluntarily over paying his taxes.That is the way it is, which is not to say it is fiscally, socially, or morally wrong, but the reality of it should be recognized and admitted.

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(2) Despite the notion widely held (correctly I believe) that this is a country of middle class people, there is a mal-distribution of income.

The top 1% of income, almost 1.3 million taxpayers, have an avg.

She died of a stroke (she also had cancer) in 2004.

In 2006 when he was 76 he married 60 year old Astrid Menks, from Latvia who had been his assistant and companion for 20 years. They had lived apart since 1977 and allegedly did not disapprove of her husband’s liaison with his paramour.

And the average income for lower income people as represented by the AGI figure as well as the tax paid figure may be overstated because there is a large but unreported number of people outside this IRS report who, because of their low income, do not pay taxes and are not required to file income tax statements.

On the other hand there may be significant unreported cash transactions which would cause the income figure to increase.(1) To redistribute income and (2) take money out of circulation to keep too many dollars from chasing too few goods and services - in other words to keep inflation under control.No, federal taxes are not levied to pay for government spending per se (see Everybody’s Business: A Re-examination of Current Assumptions in Economics and Public Policy by Abba P. That is why the current claim, mostly by Democrats, that tax cuts should not be enacted now or at the very most should be minimal since we have an ever growing federal deficit is bogus.Remember the ‘three martini lunch’ brouhaha of the Carter presidential years?Then there is the issue of people who spend many years of sacrifice and depredation to eventually arrive in high income levels only to be ‘punished’ for their efforts by high taxes.Adjusted Gross Income of

On the other hand there may be significant unreported cash transactions which would cause the income figure to increase.

(1) To redistribute income and (2) take money out of circulation to keep too many dollars from chasing too few goods and services - in other words to keep inflation under control.

No, federal taxes are not levied to pay for government spending per se (see Everybody’s Business: A Re-examination of Current Assumptions in Economics and Public Policy by Abba P. That is why the current claim, mostly by Democrats, that tax cuts should not be enacted now or at the very most should be minimal since we have an ever growing federal deficit is bogus.

Remember the ‘three martini lunch’ brouhaha of the Carter presidential years?

Then there is the issue of people who spend many years of sacrifice and depredation to eventually arrive in high income levels only to be ‘punished’ for their efforts by high taxes.

||

On the other hand there may be significant unreported cash transactions which would cause the income figure to increase.(1) To redistribute income and (2) take money out of circulation to keep too many dollars from chasing too few goods and services - in other words to keep inflation under control.No, federal taxes are not levied to pay for government spending per se (see Everybody’s Business: A Re-examination of Current Assumptions in Economics and Public Policy by Abba P. That is why the current claim, mostly by Democrats, that tax cuts should not be enacted now or at the very most should be minimal since we have an ever growing federal deficit is bogus.Remember the ‘three martini lunch’ brouhaha of the Carter presidential years?Then there is the issue of people who spend many years of sacrifice and depredation to eventually arrive in high income levels only to be ‘punished’ for their efforts by high taxes.Adjusted Gross Income of $1,042,725 and pay an average of $286,216 in taxes while the bottom 50% of taxpayers (more than 64 million) have an avg.AGI of $13,012 and pay an average of $598 in taxes.Some incomes are skewed from a pure free marketplace determination by tax policies which affect enterprises such as professional sports for example.Without businesses being able to expense ticket and sponsorship fees and thereby being able to lower their own taxes, salaries for professional athletes probably would not be quite as high as they are.The economy needs the stimulus that tax cuts would provide and the bigger the better so long as this does not reignite inflation.We have been in a period of relative low inflation although currently inflation is becoming a greater risk. We are not saddling future generations with our debt.

,042,725 and pay an average of 6,216 in taxes while the bottom 50% of taxpayers (more than 64 million) have an avg.AGI of ,012 and pay an average of 8 in taxes.Some incomes are skewed from a pure free marketplace determination by tax policies which affect enterprises such as professional sports for example.Without businesses being able to expense ticket and sponsorship fees and thereby being able to lower their own taxes, salaries for professional athletes probably would not be quite as high as they are.The economy needs the stimulus that tax cuts would provide and the bigger the better so long as this does not reignite inflation.We have been in a period of relative low inflation although currently inflation is becoming a greater risk. We are not saddling future generations with our debt.

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