Pages

Jump to bottom

3 comments

1 lostlakehiker  Tue, Nov 27, 2012 1:34:34pm

The risk level matters here. In the 1950's, with the US just about the only industrial base left standing, investment in plant and equipment had a big tailwind.

But suppose the investment is a risk that either doubles your money or halves it, and suppose your marginal tax rate is 50%. The expected value before is strongly positive. But what about after taxes? Any losses are not deductible except to the tune of a meaningless $3000 a year. Winnings, on the other hand, will be taxed at 50 percent. Now, the expected after tax return is near zero.

Tax law should be constructed to bring in revenue from the public in general, with emphasis on those who can best afford it. But an eye should also be kept on the likely consequences of tax law changes. Kennedy famously cut rates and reaped a big harvest of extra revenue. Did that make him a conservative?

2 ReamWorks SKG  Tue, Nov 27, 2012 1:39:19pm

I vehemently disagree with him. He is out of touch.

Read Nate Silver for the other side:

[Link: fivethirtyeight.blogs.nytimes.com...]

(I think we ALL should pay a fair percentage our our income. I favor raising all the tax brackets.)

3 EPR-radar  Tue, Nov 27, 2012 7:51:36pm

re: #2 ReamWorks SKG

Nate Silver seems to be arguing against creating a tax bubble, where the tax rates are not applied marginally. This appears to be an idiotic idea being floated by some in Congress to get more revenue without touching the rates. Hopefully, this goes nowhere.

Buffet's proposal as in the OP appear to be different (basically an AMT for the wealthy).

For what it is worth, I think the AMT (and any relatives) of it are basically a bad idea. If the ordinary definition of taxable income has become so broken that ultra-wealthy people with massive income actually have no taxable income (the issue that led to the creation of the AMT), then the better solution is to repair the definition of taxable income.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
MGMT - When You Die Get "When You Die" now: smarturl.it Directors: Mike Burakoff & Hallie Cooper-NovackVFX Supervisor: Jamie DutcherStarring: Alex Karpovsky & Lucy KaminskyProducers: Lucia Pier & Jamie DutcherExecutive Producers: Adam Kurland & Matt Wyatt DP: Steven BreckonEditor: Max GoldblattLogo Design: Benjy BrookeProduction ...
Thanos
9 hours, 15 minutes ago
Views: 89 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Noah Kahan - Hurt Somebody Hurt Somebody (Official Video)Song Available Here: lnk.to See all Noah Kahan tour dates at: noahkahan.com Follow Noah Kahan:Facebook: facebook.com Instagram: instagram.com Twitter: @noahkahan Spotify: republic.lnk.to SoundCloud: SoundCloud Directed by Chris GriederProduced by Antonio FloresFor Aqsent Music video by Noah ...
Thanos
9 hours, 19 minutes ago
Views: 106 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
C. 2021 - Comcast Introduces New Advertiser Standards Comcast, c.2021 -- Due to decreasing revenue levels from cable TV services, Comcast has looked for new sources of revenue from its growing Internet subscriber services. Raising rates on base subscribers is unpopular due to increased competition from 5G ...
weave
9 hours, 54 minutes ago
Views: 174 • Comments: 0 • Rating: 0
Tweets: 11 • Share to Facebook
Shares: 1
Comments: 7
: 1
HOFFMAN FILES Instant “Axis” - All Hitler, All the Time.blog.timesunion.com When I was 14 or so, my parents were nice enough to take me on a trip to California.  The last stop in our journey was San Francisco.  My parents had been there once before and were quite fond ...
rhoffman
1 day, 6 hours ago
Views: 191 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 1
Comments: 0
: 1
Russia’s Putin Visits Syria Airbase and Orders Start of Pullout Russian President Vladimir Putin has ordered the partial withdrawal of Russian troops from Syria, during an unannounced visit there on Monday. Mr Putin was met by Syrian President Bashar Assad as he arrived at the Russian Hmeimim air base, ...
Thanos
4 days, 9 hours ago
Views: 206 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
Orkestra Obsolete Play Blue Monday Using 1930s Instruments - BBC Arts More information: bbc.in New Order's Blue Monday was released on 7 March 1983, and its cutting-edge electronic groove changed pop music forever. But what would it have sounded like if it had been made 50 years earlier? In a ...
Thanos
5 days, 7 hours ago
Views: 237 • Comments: 0 • Rating: 2
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Tune-Yards - ABC 123 (Official Video) 'ABC 123' by Tune-Yards. New album 'I can feel you creep into my private life' is released January 19th 2018: smarturl.it Director: Dear Mr QuistgaardProducer: Abi Atkinson, LS ProductionsCommissioner: Gabe Spierer, Beggars GroupExec Producer: Saskia Whinney, SomesuchDOP: Deepa KeshvalaEditor: ...
Thanos
5 days, 7 hours ago
Views: 186 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Funding Restrictions Have Made Gun Violence Researchers Get Creative A study published Thursday concludes that a subsequent increase in gun exposure led to more accidental firearm deaths than otherwise would have occurred in the months after the school shooting. "It was the spike [in sales] itself that sort ...
Thanos
5 days, 9 hours ago
Views: 251 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Recycling Chaos in U.S. As China Bans ‘Foreign Waste’ Like many Portland residents, Satish and Arlene Palshikar are serious recyclers. Their house is coated with recycled bluish-white paint. They recycle their rainwater, compost their food waste and carefully separate the paper and plastic they toss out. But recently, ...
Thanos
5 days, 9 hours ago
Views: 497 • Comments: 0 • Rating: 1
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
Trump Jerusalem Move: Tear Gas at Lebanon US Embassy Protest There have been violent clashes near the US embassy in Lebanon, in the latest protest against President Donald Trump's decision to recognise Jerusalem as the capital of Israel. Security forces fired tear gas and water cannon to force back ...
Thanos
5 days, 9 hours ago
Views: 275 • Comments: 1 • Rating: 0
Tweets: 5 • Share to Facebook
Shares: 0
Comments: 0
: 0