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jdavidb (1361)

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J. David Blackstone has a Bachelor of Science in Computer Science and Engineering and nine years of experience at a wireless telecommunications company, where he learned Perl and never looked back. J. David has an advantage in that he works really hard, he has a passion for writing good software, and he knows many of the world's best Perl programmers.

Journal of jdavidb (1361)

Monday February 07, 2005
04:04 PM

Bush makes tax more progressive

[ #23071 ]

According to this, Bush's proposed budget and tax cuts will cause the top 5% of the population by wealth to begin to pay an additional piece of the total tax burden. They are already paying more than 50%. "So the notion that the president's tax cuts have somehow made the code less progressive is wrong. The president's tax cuts have made the tax code more progressive," said White House budget director Josh Bolten.

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  • Let's see if I can follow what he said...

    An example, the top 5 percent in income in this country -- that's people making above about $140,000 -- without the president's tax cuts that top 5 percent would be paying about less than 52 percent of our total income tax revenue.

    OK... let's have 51 people.

    50 of them make $10,000 and are taxed at 10 percent. This comes to $50,000.

    The other one makes $500,000 dollars and is taxed at 12 percent. This comes to $60,000.

    That is a total of $110,000 with the wealthy p

    • So your argument is that it could be that this only works because under Bush's projections, either fewer people have jobs, or more people have lower paying jobs.

      These are unreasonable suppositions. His budgets always assume income and employment will go up, as all budgets do.

      this administration has made a habit of saying things and hoping that we fill in the content to mean something that they did not say. So, what they do not say interests me very much.

      Pot, kettle, yadda yadda.
      • No.

        Open your mind, remove your bias... and read it again.

        Especially this part:

        What other scenarios work?
        Let's try 30 percent for the rich person.
        That is 150,000 in taxes (on $500,000).
        For that to get close to the 50 percent point, we'll need to throw more poor people into the problem.
        So, now we have 150 poor people paying 10 percent of $10,000 for a total of $150,000... plus the $150,000 paid by the wealthy person. That is 50 percent of the total paid by the wealthy.

        • I have no time or interest in pissing contests.

          A lie, on both counts.
          • for another thoughtful, well reasoned response.

            I could not help but noticed that out of the very long post I made your response was a personal attack on myself, never addressing the substance of the post.

            It isn't the first one either.

            I'm not sure what it is like to have God-Like powers where you know how much time or the intentions of people you've never met.

            But, you can use those powers to contemplate our meeting in person at a future Perl or Open Source conference.

            At which point I'll be sure to bring
            • There was no substance worth responding to.

              I'm not sure what it is like to have God-Like powers where you know how much time or the intentions of people you've never met.

              You just spent a long post doing what you then said you had no time or inclination to do. Call that what you will.