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This page has been archived.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.

Recent PagesClick to refresh
Trump Did to Merkel What Men Do to Women All the Time Tuesday 21 March 2017 06.00 EDT Last modified on Wednesday 22 March 2017 11.22 EDT A few years ago, my husband and I ran into a mutual acquaintance at a restaurant. This young man – a person who would ...
Birth Control Works
9 minutes ago
Views: 45 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
‘Wife Beating Is Not a Matter of ‘Differences of Opinion”: Domestic Violence Groups Blast Oberweis - Aurora Beacon-News For a man intelligent enough to amass a fortune in business, state Sen. Jim Oberweis (R-Sugar Grove) can display a head-shaking lack of common sense and courtesy. You may have heard by now how ice-cream magnate Oberweis compared "wife ...
Birth Control Works
15 minutes ago
Views: 38 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
RNC Paid Intel Firm for Clinton Dirt As the general election was taking shape last summer, the Republican National Committee initiated a series of payments to a low-profile firm started by retired CIA officers that worked closely with an ex-Russian spy. The payments attracted attention in ...
Birth Control Works
7 hours, 30 minutes ago
Views: 97 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Whatever You Do, Don’t Say Yes When This Chatbot Asks, ‘Can You Hear Me?’ Another in my irregular series on privacy in our era, and how to defend yourself in digital venues. For your cell phone-Get TruCaller or some other good robo call screener/blocker. If you have an Ooma phone, set your virtual ...
Unshaken Defiance
8 hours, 58 minutes ago
Views: 116 • Comments: 2 • Rating: 2
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
NOT ONE WOMAN: What’s Missing From This Photo of Politicians Deciding the Future of Women’s Health? President Donald Trump met with the arch-conservative House Freedom Caucus at the White House Thursday to try to hammer out a deal on Obamacare repeal. A major question in the final negotiations? Whether or not maternity care and mammograms ...
Birth Control Works
13 hours, 29 minutes ago
Views: 118 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
A Third of Black Women in Study of Disadvantaged Neighborhood Have PTSD - Chicago Tribune Nortasha Stingley doesn't remember a lot about the weeks after her 19-year-old daughter was shot and killed nearly four years ago. All she could do was cry. All she wanted to do was scream. After Stingley lost 40 pounds ...
Birth Control Works
1 day, 12 hours ago
Views: 212 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
How Trees Talk to Each Other Published on Aug 30, 2016 "A forest is much more than what you see," says ecologist Suzanne Simard. Her 30 years of research in Canadian forests have led to an astounding discovery — trees talk, often and over vast ...
Birth Control Works
1 day, 13 hours ago
Views: 295 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Classic Oatmeal-Raisin Cookies Recipe - NYT Cooking ngredients 1 cup/227 grams (2 sticks) unsalted butter, softened, more for pans 1 cup/200 grams dark brown sugar, packed ⅓ cup/66 grams granulated sugar 2 large eggs 1 tablespoon/15 milliliters vanilla extract 1 ½ cups/187 grams all-purpose flour ¾ ...
The Vicious Babushka
2 days, 12 hours ago
Views: 299 • Comments: 2 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Ricardo Naipes, Al NorteI love how this song is about people living in the same neighborhood where my mom grew up in Southwest Detroit way back when the accordion was for the polka music. Oh and will someone please translate,,
Mich-again
2 days, 23 hours ago
Views: 297 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0
Maple Scones Recipe - NYT Cooking Ingredients 1 cup whole wheat flour 1 cup white flour (more as needed) 2 tablespoons (packed) brown sugar 2 teaspoons baking powder ¼ teaspoon salt ¼ pound (1 stick) chilled butter ½ cup chopped toasted walnuts or cooked wheat ...
The Vicious Babushka
3 days, 2 hours ago
Views: 314 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0