5 thoughts on “95% illusion”

  1. I believe the Brill and Viard spell it out reasonably well in
    their article. It isn’t rocket science, it’s deception. Obama
    says it clearly, ‘spread the wealth around.’ I’ll spread my
    “wealth” when I purchase things I want or need. I don’t want to
    give according to my ability to those according to their needs,
    that’s bullshit and you know it. Atlas is going to shrug.

  2. look up the definition of marginal tax rates.

    then read the graph again.

    the graph says nothing about whether you will be paying more or less.

    it doesn’t provide enough information.

    it’s specifically designed to confuse people like you.

    there’s your illusion.

  3. Well whoever you are MC, I can tell you that that little blue line is higher
    than than the little green line under my taxable income bracker which
    means, according to the graph, that I will be paying more in taxes. I do
    not make more than $100,000 a year either. What was it that Oblamo said?
    tax cuts for middle income tax payers? Now if I pay more taxes but I receive
    tax credits, I may get more money back than I originally paid in taxes for
    the year but, whose money will I be receiving? The wealthy people’s higher
    income tax money? This sounds like wealth redistribution to me or socialism.

    Re-read this paragraph:

    The total annual expenditures on refundable “tax credits” would rise over
    the next 10 years by $647 billion to $1.054 trillion, according to the
    Tax Policy Center. This means that the tax-credit welfare state would soon
    cost four times actual cash welfare. By redefining such income payments as
    “tax credits,” the Obama campaign also redefines them away as a tax share of
    GDP. Presto, the federal tax burden looks much smaller than it really is.

    There is your and Oblamo’s illusion.

  4. if you (and the author of that article) really understood the subject, you would be embarrassed to parading this around as an ‘illusion.’

    distraction? sure.
    dangerous? you’re free to your opinion.

    but the article says nothing about an illusion. the graph indicates MARGINAL tax rates.. which means nothing unless you actually believe that people will be unmotivated to earn more money just because they will earn it more slowly.

    whether by tax credit or tax decrease, the 95% figure is based on statistical fact. the only illusion is the one created by this article by obfuscating the truth.

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