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Taxing the Poor

AJ113 Wrote: Dec 12, 2012 3:30 PM
No, it is an easily understandable explanation of monetary policy gone bad, to cover even worse government fiscal policy

With all the talk about taxing the rich, we hear very little talk about taxing the poor. Yet the marginal tax rate on someone living in poverty can sometimes be higher than the marginal tax rate on millionaires.

While it is true that nearly half the households in the country pay no income tax at all, the apparently simple word "tax" has many complications that can be a challenge for even professional economists to untangle.

If you define a tax as only those things that the government chooses to call a tax, you get a radically different picture from...