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Taxing the Poor

dkretsinger Wrote: Dec 12, 2012 2:10 PM

Evidently, they liked what the saw. The same thing has been happening here in the US but a much slower rate in order to fool the vast majority of the people. As the massive inflation rate in 1920's Germany gave rise to one of the world'd worst demagogues in the 1930's, Adof Hitler, so has the gradual inflation rate in the US finally gotten us to the same point. This is not to lay blame soley on the current occupant of the White House, as he had help from many of his predecessors. In both political parties, I might add. (cont'd)

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Taxing the Poor

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...

Related Tags: Budget and Government Federal Reserve Inflation Tax the Rich Taxes poor Quantitative Easing welfare recipients