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2009-10-06 Economy
A 70% Tax on Work
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Posted by Beavis 2009-10-06 08:34|| || Front Page|| [1 views ]  Top

#1 the effective, implicit tax rate for worker between 100 and 200 percent of the federal poverty line would quickly approach 70 percent -- not even counting food stamps and housing vouchers.

A boon underground cash economy. It's not like the Feds will miss the tax revenue or anything.
Posted by ed 2009-10-06 10:28||   2009-10-06 10:28|| Front Page Top

#2 A boon underground cash economy.

Already underway in Georgia (as it is in most of Europe by the way). CASH IS KING!
Posted by Besoeker in Duitsland 2009-10-06 10:33||   2009-10-06 10:33|| Front Page Top

#3 The more Obamacare is rushed through Congress, the more likely it is to produce highly regrettable unintended consequences.

Not unintended. Not at all. I think that the Administration and Congress know full well what the consequences are. And to them its a feature not a bug.

The more people are dependent on the Government the better for the DNC.
Posted by CrazyFool 2009-10-06 11:00||   2009-10-06 11:00|| Front Page Top

#4 If government health care is a right why not propose an Constitutional Ammendment?
Uh-huh.
Posted by swksvolFF 2009-10-06 14:50||   2009-10-06 14:50|| Front Page Top

#5 If gummint health "care" is so great, why don't ReCongress, the Pres, and federal employees HAVE want to sign up for it?

/rhetorical question
Posted by Barbara Skolaut">Barbara Skolaut  2009-10-06 17:23||   2009-10-06 17:23|| Front Page Top

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