Comments on: The Rich, Taxes, and Statistics http://www.webs05.com/2007/12/20/the-rich-taxes-and-statistics.html Altruistic IT Writings Tue, 09 Mar 2010 14:56:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ted http://www.webs05.com/2007/12/20/the-rich-taxes-and-statistics.html/comment-page-1#comment-5799 Ted Fri, 21 Dec 2007 00:41:33 +0000 http://www.webs05.com/2007/12/20/the-rich-taxes-and-statistics.html#comment-5799 That's a pretty good writeup. That whole thing is a hoot but I want to refer you to another tax article - <a href="http://economistsview.typepad.com/economistsview/2007/12/crazy-views-on.html" rel="nofollow">a pretty good one</a> -- over at Economists View originally commenting on another Dean Baker article. It's pretty much a free for all, but my favorite two comments are from <a href="http://economistsview.typepad.com/economistsview/2007/12/crazy-views-on.html#c94056630" rel="nofollow">Holly</a> and from the Blog author, Prof. Mark Thoma: <blockquote>Interesting that his "middle class" starts at $200,000. From his web page: "Eliminate all taxes on interest, dividends, and capital gains for anyone with Adjusted Gross Income under $200,000 to make it easier for the middle class to save." And that's AGI, not just income. He could have lowered taxes for saving out of income (I think Robert Frank has been pushing an idea like this). It's telling that mere saving doesn't count - you have to be an investor to get the tax reduction.</blockquote> Ooooh, but that's good. If you have the time to wade through it, the comments are golden. That’s a pretty good writeup.

That whole thing is a hoot but I want to refer you to another tax article – a pretty good one — over at Economists View originally commenting on another Dean Baker article.

It’s pretty much a free for all, but my favorite two comments are from Holly and from the Blog author, Prof. Mark Thoma:

Interesting that his “middle class” starts at $200,000. From his web page:

“Eliminate all taxes on interest, dividends, and capital gains for anyone with Adjusted Gross Income under $200,000 to make it easier for the middle class to save.”

And that’s AGI, not just income. He could have lowered taxes for saving out of income (I think Robert Frank has been pushing an idea like this). It’s telling that mere saving doesn’t count – you have to be an investor to get the tax reduction.

Ooooh, but that’s good.

If you have the time to wade through it, the comments are golden.

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