Subscribe: Comments on Peter Martin: Sunday dollars+sense: Money matters, if you are po...
http://petermartin.blogspot.com/feeds/1174569151262210146/comments/default
Preview: Comments on Peter Martin: Sunday dollars+sense: Money matters, if you are po...

Comments on Peter Martin: Sunday dollars+sense: Money matters, if you are poor





Updated: 2015-09-30T08:04:03.541+10:00

 



Peter, you are totally off the mark here. Here is...

2007-05-16T13:16:00.000+10:00

Peter, you are totally off the mark here.

Here is a little secret: we have a progressive income tax system. People who earn more not only pay more tax, but pay a higher fraction of their income in tax.

The other side of this is that when taxes are cut, people who earn more will receive greater tax cuts - because they pay a higher fraction of their income in taxes in the first place.

It has nothing to do with the issue of whether small amounts of money matter more to low income earners.

You cannot have a progressive tax system on the one hand, and then when taxes are cut, complain that people paying more taxes get more money back. They are two sides of the same coin.



Peterso glad to have found this site"your majesty ...

2007-05-14T23:13:00.000+10:00

Peter
so glad to have found this site

"your majesty is like bats piss,when all is dark you shine out like a golden light"

Regards
Gusface