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View Diary: The only Progressive Tax is Income Tax - All the other taxes should be scrapped (52 comments)

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  •  Gooserock - very good point (6+ / 0-)

    Income taxes vary significantly based on the economic cycle and decline just when state and local governments need more revenue. This is particularly true for high income earners who have much more variable incomes, driven by bonus payments and stock option related stock sales. In good times income taxes are high and in tough times income taxes can take a dip. Both California and New York depend on the high income earners for a surprising amount of their revenue and both states had challenges when the financial markets and economy declined. Sales and property tax revenues are much more stable, and predictable, and that is why most states have a mix of taxes.

    "let's talk about that"

    by VClib on Wed Mar 06, 2013 at 06:08:17 PM PST

    [ Parent ]

    •  Maybe Johhny made that number up (1+ / 0-)
      Recommended by:
      twigg

      2012 Intermediate scenario assumes 2.1% growth 69 out of 78 years, with no years higher than 4% (2015).

      See real GDP
      http://www.ssa.gov/...

      http://www.dailykos.com/...

      You should know by now I make a due diligence effort at getting my facts straight, and when I dont know something, I know enough to ask.

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Mar 06, 2013 at 06:21:23 PM PST

      [ Parent ]

      •  Roger - I am confused (0+ / 0-)

        I wasn't commenting on anything johnny wrote.

        "let's talk about that"

        by VClib on Wed Mar 06, 2013 at 06:35:29 PM PST

        [ Parent ]

        •  You tipped his 4.4% comment (1+ / 0-)
          Recommended by:
          VClib

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Mar 06, 2013 at 07:30:56 PM PST

          [ Parent ]

        •  He calls my dairy a Whale of a fail (0+ / 0-)

          and makes a number up.

          2nd time this week I called him on "Stuff made up" in my dairy. I still respect him, but.....

          SO when I see tips in a comment that is bullshit, in my dairy, I'm curious who tipped that comment.

          Now I have embarrassed myself by going on at great length about such a little thing.

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Mar 06, 2013 at 07:46:15 PM PST

          [ Parent ]

        •  I got Economist Dean Baker for the SS blogathon (0+ / 0-)

          Hes writing on Productivity vs Demographics.

          I can give you a time slot on Friday, 1pm or 3pm?

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Mar 06, 2013 at 07:50:07 PM PST

          [ Parent ]

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