In response to:

Taxing the Poor

Incredulous2 Wrote: Dec 12, 2012 1:23 PM
Quit all the fear mongering! Bad fiscal policy doesn't mean a thing. There are not now, nor will there ever be any CONSEQUENCES for profligate wastrels in congress. Every penny produced by the Fed., is fiat. Fiat is simply another word for PHONY!
Arley2 Wrote: Dec 12, 2012 2:15 PM
Actually "fiat" is another word for "decree" or "dictate."
Doug5049 Wrote: Dec 12, 2012 3:18 PM
I thought it was an Italian car company.

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...