In response to:

Taxing the Poor

Anonymous8713 Wrote: Dec 12, 2012 8:54 AM
Thomas(my name too), I would like you to write an article explaining how and why we so easily use tax "rates" as a comparison on how fair taxes are to different income groups. While some "'rich' people do pay les % of their income than do others ... they still pay a much larger portion in real $. Sometimes more than a lifetime of taxes of others. In my opinion the best way to compare is to say how much you are paying in taxes over a lifetime to how much services you receive from the government. That will tell you who really is paying their "fair" share.
Anonymous8713 Wrote: Dec 12, 2012 8:58 AM
By the way I do agree with and understand your point on inflation. The US gov has a policy to keep inflation not at 0 but at a few % to help monitize the debt all along. And here comes QE4 today and people wonder why the market goes up ... clue not so much in value , just in price!

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...