Application of the Argument

[robot_vs_ninja]

"Every indication of contrivance, every manifestation of design which existed in the watch, exists in the works of nature, with the difference on the side of nature of being greater and more, and that in degree which exceeds all computation. I mean, that the contrivances of nature surpass the contrivances of art, in the complexity, subtilty, and

Comments

[dbacon35]

I decided to post this in your journal, just so ryan didn't get some big political rant in his comments

[robot_vs_ninja]

I responded to it in Ryan's journal.

[dbacon35]

Currently there are six income tax brackets. The middle and working class fall into the 20-25% tax bracket. Saying the government takes 1/4 of the working class's income is not a gross estimation

[robot_vs_ninja]

Yes, there are six tax brackets, but each bracket is progressive. As an individual's or a family's incomes goes up, their average tax rate goes up. As income goes down, average tac rate goes down.

If I make $50,000 a year, it's not all taxed at the same rate. The first $20,000 might be taxed at 10% while the next $20,000 will be taxed at 15%; and the last $10,000 will be taxed at 20%. The percentages used to classify each tax bracket are average tax rates; the whole sum of your income is not taxed exactly at that rate.

The way I see it, corporate taxes are designed so as to internalized negative externalities. A portion of this burden is passed on to consumers, and in some cases it's more than other cases, but in general, the change in price because of those taxes is going to be neglible. Now if their were an increase in the price of inputs, then maybe we would see more of an affect, but even that would balance itself out elsewhere in our economy on the long run.

I don't know enough about the FairTax to really comment on it.

[dbacon35]

That's cool. I'm glad we could have a decent political conversation. haha, usually it just ends up in name calling.

I recommend you research the FairTax. Most people think sales taxes are regressive, which they are but, the way the FairTax works makes it very progressive. Most goods and service under the FairTax will stay the same price even when you include a 23% sales tax. But that's a whole different long topic.

Who are you by the way?

[robot_vs_ninja]

I'm Matt Evans

And you are?