tag:blogger.com,1999:blog-11073478.post4178363542104608707..comments2023-03-24T05:58:58.993-04:00Comments on Canada's John Galt: Obama's Tax Plan - why it won't workMitchhttp://www.blogger.com/profile/07278208825096999552noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11073478.post-33831687483310256252009-02-01T23:12:00.000-05:002009-02-01T23:12:00.000-05:00While I am generally sympathetic to your point, I ...While I am generally sympathetic to your point, I think the question we should be asking is what is the fairest way to ensure that everybody pays less income tax, and what mechanism to do it.<BR/><BR/>The current system sucks for people in your situation because even if you own a house, more often than not it does not pay to itemize.<BR/><BR/>My primary quibble with the O-man's proposal is two fold. First - I do not like nor trust credits. I think it would be fairer to have two brackets - 5% for under 50K and 15% for everything over, but I digress. The point is that is everyone's lowest brackets should be a low rate up to the median income at least.<BR/><BR/>My second objection is the refundable aspect of it. Everyone should pay a nominal amount of income tax. It will be unhealthy when 51% of the population can vote themselves whatever they want from a government and get the other 49% to pay for it. This leads us down that path. Everyone should have to pay some amount for the ramifications of their voting decisions.<BR/><BR/>If we are going to have an income tax - a flat tax would be a fairer way to raise revenue without sticking it those who live paycheck to paycheck.Mitchhttps://www.blogger.com/profile/07278208825096999552noreply@blogger.comtag:blogger.com,1999:blog-11073478.post-56122396907057617342009-02-01T17:44:00.000-05:002009-02-01T17:44:00.000-05:00I am single with no children and make a lot less t...I am single with no children and make a lot less than $30k a year. I pay more than $1,500 in taxes per year. Obama's tax plan will help the none child barring non married people who do a lot of the heavy lifting in this economy. I have never been on welfare or gotten food stamps. I work everyday and pay my bills. <BR/><BR/>Does not people at the lower end deserve some type of relief. The rich people stash their money while the lower bracket people have not choice but to spend because not doing so will mean not having a roof over our heads or food on our tables.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11073478.post-61234220919919994692008-10-30T07:16:00.000-04:002008-10-30T07:16:00.000-04:00Fail.Fail.Anonymousnoreply@blogger.com