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The author at Roth & Company, P.C. in a related article titled If taxing the rich increased equality, the U.S. would be more egalitarian than Europe writes:
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jc writes:
Here are two pictures I show people from time to time. They're usually quite surprised. And Megan's post immediately reminded me of an old Mankiw post. Here's the associated figure for that one: Posted December 17, 2011 11:46 AM
Brandon Berg writes:
It's worth noting, because most people don't get this immediately, that the high implicit marginal tax rates faced by the poor are a problem of incentives, not a problem of the poor being burdened too heavily by the tax system. In fact, they aren't burdened at all by the tax system; they're getting free stuff from it. It's just that they sometimes get much less free stuff when they earn more money. Posted December 17, 2011 10:24 PM
tom heppner writes:
the current system of equal opportunity set up in America is nonexistent. generally, the rich get richer while the poor get poorer, regardless of political standpoint. our government focuses on the businessman and his interests far more than the common man. 6 members of the Walton family, the family that created Wal-Mart, have separately and consecutively made the Forbes 400 Fortune list for several years running. if you were to add their total net worth, it would sum to a total greater than the entire bottom 30% of our population in the US. its clear where our nation's priorities lie. the corporate tax in America ranges from 15-35%; however, it is only enforced on a margin from 2-8%, and many times, corporations find ways to evade the tax entirely, either through loopholes or having lobbyists in congress. no matter what happens in the future, this cannot continue to happen. with a focus change from big business to the citizen, we would have more incentive to work for ourselves and others, making the US much more productive than it is now. Posted December 18, 2011 5:11 AM
Peter writes:
"I am in the process of writing an essay about the need for a government reorganization, in order to make the executive branch leaner and more effective." Just in time as president Obama and family go on a $4 million 17 day vacation. Posted December 19, 2011 11:48 AM
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