All Forums > General Discussion > Non-Sports > Socialism Experiment
2/23/2013 3:47 PM
We keep increasing the income side and we get promises to decrease the spending but it never comes through.

We let the tax increases go, and were promised that the Dems would negotiate in good faith for spending cuts, and now Obama is back to the same story about balance.

His plan in the SOTU, that he claimed was deficit neutral, what so out of wack even his loyal media croonies had to call him on it.

Obama doesnt want to cut spending, he wants to absorb more of the nations wealth into the Government coffers so he can decide what you need and give it to you.
2/23/2013 4:37 PM
Posted by MikeT23 on 2/23/2013 2:55:00 PM (view original):

Marginal is a term people use when it doesn't affect them.

No, you use it when you mean marginal. It's not a 3% tax on the rich and all of their income, it's a 3% increase on income over a certain amount.
2/23/2013 4:48 PM
Again, I don't think, despite being Czar of Everything, you get to determine a "marginal tax" for someone else.   Say it's 3% after 250k.   Guy makes 350k.   3k extra in taxes.   Not sure he thinks it's "marginal".    He earned the money, you did not.   Seems like he has a better feel for "marginal" with his money.
2/23/2013 5:02 PM
Regardless of how he feels about it, it's still a marginal tax rate by definition - it's not something that bad_luck made up.

"A marginal tax rate is the tax rate that applies to the last unit of currency of the tax base (taxable income or spending),[1] and is often applied to the change in one's tax obligation as income rises"
2/23/2013 5:05 PM
Posted by MikeT23 on 2/23/2013 4:48:00 PM:

Again, I don't think, despite being Czar of Everything, you get to determine a "marginal tax" for someone else.   Say it's 3% after 250k.   Guy makes 350k.   3k extra in taxes.   Not sure he thinks it's "marginal".    He earned the money, you did not.   Seems like he has a better feel for "marginal" with his money.
2/23/2013 5:07 PM
Posted by MikeT23 on 2/23/2013 2:55:00 PM (view original):

Marginal is a term people use when it doesn't affect them.

I'll stand by this. 
2/23/2013 5:09 PM
Everyone in this country falls into a marginal tax bracket of some kind, so...
2/23/2013 5:10 PM
Posted by MikeT23 on 2/23/2013 4:48:00 PM (view original):
Again, I don't think, despite being Czar of Everything, you get to determine a "marginal tax" for someone else.   Say it's 3% after 250k.   Guy makes 350k.   3k extra in taxes.   Not sure he thinks it's "marginal".    He earned the money, you did not.   Seems like he has a better feel for "marginal" with his money.
Marginal is not the same as minimal. Invest in a good dictionary before making a fool of yourself.
2/23/2013 5:10 PM
It's funny that MikeTard has been running his mouth all time without understanding what the word "marginal" means in an economic context.
2/23/2013 5:18 PM
Posted by bad_luck on 2/23/2013 5:10:00 PM (view original):
Posted by MikeT23 on 2/23/2013 4:48:00 PM (view original):
Again, I don't think, despite being Czar of Everything, you get to determine a "marginal tax" for someone else.   Say it's 3% after 250k.   Guy makes 350k.   3k extra in taxes.   Not sure he thinks it's "marginal".    He earned the money, you did not.   Seems like he has a better feel for "marginal" with his money.
Marginal is not the same as minimal. Invest in a good dictionary before making a fool of yourself.
Minimal for requirements.    
2/23/2013 5:23 PM
Marginal or not an increase in taxes of any amount on the rich does not and will not only affect the rich. Most of these tax increases go towards people who own businesses. They will raise prices to cover them. Same goes for Obamacare. The consumer (mostly middleclass people) are the ones who will pay the bill regardless of how Obama brainwashes the rest of you into believing that the middleclass aren't the ones paying for it.
2/23/2013 5:25 PM
To be clear, I'm not in favor of increasing marginal tax rates, but marginal tax rates is what we have, by definition.  It's an economic term, not a statement on their impact.
2/23/2013 5:32 PM
It's a term that's used to deceive what it actually is.

Much like politicians saying they need to increase revenue.  The government collects revenue via taxes.   An increase in revenue for the government is an increase in taxes for it's citizens.   But no one wants to hear about a tax increase.
2/23/2013 5:40 PM
Posted by MikeT23 on 2/23/2013 5:32:00 PM (view original):
It's a term that's used to deceive what it actually is.

Much like politicians saying they need to increase revenue.  The government collects revenue via taxes.   An increase in revenue for the government is an increase in taxes for it's citizens.   But no one wants to hear about a tax increase.
No, it's a perfectly clear economic term, and if you want to have a serious discussion about taxation, you should probably be familiar with it.




Or, as an alternative, you could just talk out of your @$$
2/23/2013 5:51 PM
Posted by MikeT23 on 2/23/2013 5:32:00 PM (view original):
It's a term that's used to deceive what it actually is.

Much like politicians saying they need to increase revenue.  The government collects revenue via taxes.   An increase in revenue for the government is an increase in taxes for it's citizens.   But no one wants to hear about a tax increase.
No, it's not.  The term marginal has meaning in economic contexts other than tax rates.  And in that context of tax rates, it applies whether they are going up or coming down.  Bush passed marginal tax decreases.  Our tax brackets are marginal, period - when you enter a new one, you only pay that rate for the amount above the line, you don't suddenly pay that rate on your entire income.
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