In response to:

Taxing the Poor

Joseph64 Wrote: Dec 12, 2012 8:57 AM
Why would you invest a country that has runaway inflation, high unemployment, a national debt that can never be repaid and a system of entitlements that they can't afford? The easy answer is that you don't, you find a place that knows how to manage their books and you invest there instead.

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...