Advertisement

cg22165

Follow

Comment history

Letter: Climate politics

Let's try reason. There is this thing called the conservation of energy. There is only so much extra energy being retained by the earth because of increased greenhouse gasses. The oceans have been warming more than expected because there hasn't been a strong El Nino in a longer than average time. So, if the oceans are warming more than expected, yeah, the atmosphere will warm less than expected. Does that mean the adding CO2 to the atmosphere is not causing the globe to get warmer? Are the oceans part of the globe?

January 28, 2015 at 11:41 p.m. ( | suggest removal )

Letter: Climate politics

George Shultz: We argue for revenue neutrality on the grounds that this tax should be exclusively for the purpose of leveling the playing field, not for financing some other government programs or for expanding the government sector. And revenue neutrality means that it will not have fiscal drag on economic growth.

http://www.wsj.com/articles/SB1000142...

January 28, 2015 at 4:01 p.m. ( | suggest removal )

Letter: Climate politics

George, respectfully, your plan calls for government to raise taxes, and then decide how to spend the money. Personally, I have a lot more faith in energy companies' ability to figure out how to make money than I have on the government knowing how to best spend our money.

January 28, 2015 at 3:39 p.m. ( | suggest removal )

Letter: Climate politics

It isn't really a sin tax; it is a Pigouvian tax. http://en.wikipedia.org/wiki/Pigovian...
Sin taxes are intended to inhibit behavior that others find objectionable. Pigouvian taxes are ways of balancing market forces when there are costs (external) to something not reflected in its price.

There are very much fewer upstream sources of the carbon being used to produce more carbon dioxide than there are downstream consumers. It's relatively easy to put a tax on fossil fuels at the source than it is to, say, figure out how much fossil fuel energy was used to produce a good, or what percentage of electricity coming into a home is produced using what combination of gas, oil, and coal.

January 28, 2015 at 3:26 p.m. ( | suggest removal )

Letter: Tax truth

First group, first link (latest year)

January 24, 2015 at 9 p.m. ( | suggest removal )

Letter: Tax truth

The comment got mangled, but picking a couple samples, those making $50-75K effectively pay 7.9%; $1-1.5M pay 4.2%

January 24, 2015 at 12:16 a.m. ( | suggest removal )

Letter: Tax truth

Income tax after credits
Percent of
total


(15)
Size of adjusted gross income
All returns 100.0
No adjusted gross income [2]
$1 under $5,000 [2]
$5,000 under $10,000 [2]
$10,000 under $15,000 0.1
$15,000 under $20,000 0.3
$20,000 under $25,000 0.5
$25,000 under $30,000 0.7
$30,000 under $40,000 2.0
$40,000 under $50,000 2.6
$50,000 under $75,000 7.9
$75,000 under $100,000 8.2
$100,000 under $200,000 22.3
$200,000 under $500,000 19.5
$500,000 under $1,000,000 9.6
$1,000,000 under $1,500,000 4.2
$1,500,000 under $2,000,000 2.6
$2,000,000 under $5,000,000 6.5
$5,000,000 under $10,000,000 3.6
$10,000,000 or more 9.1

http://www.irs.gov/uac/SOI-Tax-Stats-...

January 24, 2015 at 12:11 a.m. ( | suggest removal )

Letter: Tax truth

Except that the rates of actual taxes paid for the wealthy tends to be a lot closer to 14%, not 24%.

January 23, 2015 at 9:33 p.m. ( | suggest removal )

Letter: Tax truth

"Regarding the long term capital gains, remember that is on invested money that has already been taxed."

No, the money invested is not taxed; the net profit from sales is taxed. It is not clear to me why someone getting paid to make something should get taxed at a higher rate than someone whose labor is buying and selling stock.

January 23, 2015 at 12:07 a.m. ( | suggest removal )

Letter: Tax truth

"Regarding the long term capital gains, remember that is on invested money that has already been taxed."

Not quite. The money that was invested is not taxed, the net profit from any sale is.

January 23, 2015 at 12:02 a.m. ( | suggest removal )

Previous