Posted by Janus on Thursday, November 26, 2009 in Fiscal Policy
I was having a conversation with someone the other day and she took a very moderate position when it comes to taxation. “We shouldn’t be taxing people who genuinely need every time they earn, but I don’t have a problem taxing people who have more money than they need.” Honestly, I find it hard to argue with that logic. It seems pretty reasonable to me. I vaguely agree, in theory.
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Posted by Janus on Tuesday, November 10, 2009 in Fiscal Policy
We’re beginning to see a pattern here. Although the actual tax rate has not increased, many of of us will be paying more in taxes next year. Earlier this week, with the passage of the health care bill from the house, the Democrats managed to cram through a tax-hike-that-isnt’-a-tax-hike that directly targets middle- and lower-class Americans. How you ask? If the bill passes, the tax bracket you belong to will no longer adjust for inflation.
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