In response to:

Taxing the Poor

bfouraker Wrote: Dec 12, 2012 8:51 AM
As ussual Thomas Sowell makes sense. I do wonder if during the President's time at Columbia and Harvard, he ever thought to take the basic Economics 301 class? I think not.
hoosierheart Wrote: Dec 12, 2012 9:32 AM
You can bet that a man who supposedly was a star student at Columbia University, etc., yet thinks there are 57 states in our union had some definite holes in his education, and that he didn't take any economic courses. He supposedly was a Constitutional scholar too, but does he understand anything at all about our Constitution? No! Only how to go about shredding it! It appears that his true education was in Communism, Marxism, and the like. And idiots in this country, just like the idiots in Germany decades ago, fell for the rhetoric.
fromohio Wrote: Dec 12, 2012 10:08 AM
Amen. As for the magic number 57, I always thought that it was a Freudian slip - there are 56+1 muslim countries...
magnetar Wrote: Dec 12, 2012 10:29 AM
fromohio Wrote: Dec 12, 2012 9:03 AM
Economics 301? Economics 101 should have been enough. On the other hand Obama's challenger to the presidency never explained what inflation does...

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...