Why Not a Negative Income Tax?
"What kind of program could help protect every citizen from destitution without granting excessive power to bureaucrats, creating disincentives to work, and clogging up the free-market economy, as the modern welfare state has done? [Nobel-prize winning economist Milton] Friedman’s answer was the negative income tax, or NIT."
posted by shivohum
on Mar 14, 2011 -
US TaxFilter: Your real tax rate: 40%."In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%.
" The table at the end is telling.
posted by knave
on Feb 26, 2007 -
Is the U.S. Bankrupt?
[332Kb PDF] Laurence Kotlikoff, writing in this month's Federal Reserve Bank of St. Louis Review
, says "yes" - to the tune of $66 trillion! [more inside]
posted by ikkyu2
on Jul 16, 2006 -
is a consumption tax designed to replace the entire federal income tax system, including personal, payroll, corporate, self-employment, capital gains, gift, and inheritance taxes. [more!!]
posted by hama7
on May 1, 2004 -
Something else tax-related...
There is NOW a genuine effort in Congress to eliminate the income tax! House Resolution (H.J. Res. 45 -- The Liberty Amendment) sponsored by heroic congressman Ron Paul, that would repeal the 16th Amendment and free us from direct taxation, which is one thing the Constitution originally guaranteed, before it was vandalized by unscrupulous politicians early in the last century, who promised the income tax would hit only "the rich" (where have you heard that before?) and would never be more than a few percent. Politicians have such senses of humor. Anyway, YOU can help Rep. Paul's effort to repeal the income tax: join the petition to the U.S. House of Representatives and encourage everyone you know to do the same. This is a real opportunity, so if you oppose the income tax, here's your chance to do something concrete and effective (and still easy) to help the fight against it. Time is a factor, so please do it today.
Found on deuceofclubs.com
, an amazingly witty site where a person can lose countless hours of their life at, reading all sorts of non-tax-related mayhem.
posted by lizardboy
on May 26, 2001 -
Congressman Ron Paul (R-TX)
has introduced into the house HJR 45
, being termed the Liberty Ammendment, which would not only expressly prohibit the federal government from engaging in any enterprise except as provided for in the Constitution, but would also repeal the 16th Ammendment
. [That's the one that made legitimate the income tax, after the US had managed to survive without one for a century and a half]
posted by jammer
on May 8, 2001 -
Lawrence Lindsey, George II’s economic advisor, would have the rich pay less taxes, but to keep the revenue flowing, he’d raise
rates for everbody else. With both major political parties relying
on the same corporate donors
it’s no wonder the superrich and their kingdoms get away with nearly anything
posted by capt.crackpipe
on Jan 3, 2001 -