« No Matter Where You Land On Global Warming
For A Brief Moment »

Taxes Punish Saving

Michael directs me to a piece analyzing how our byzantine tax system actually encourages people to spend.

I’m shocked to see our tax system reverses a smart incentive structure. Isn’t that the point of taxation anyway? Punish the hard working and dynamic just to reward those that are neither hard working nor dynamic. Whats the euphemism? Oh thats right: ‘infrastructure’.

This entry was posted on Tuesday, September 4th, 2007 at 10:43 pm and is filed under Taxiation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Taxes Punish Saving”

  1. Darwin Says:
    September 6th, 2007 at 3:56 pm

    Wow, so the article says that the average rate of returns is 3.7%, inflation is 3.1%, and taxes are .555% (15% of 3.7)… and concludes that TAXES are the reason people aren’t saving money? How about rampant inflation?

    Talk about bias!

  2. steve Says:
    September 6th, 2007 at 4:22 pm

    Global temperature average has increased by .74 centigrade over the last 100 years and some have conclude that INCREASED carbon particles in the atmosphere is the reason for increased temperature. How about normal climatic fluxation.

    Talk about bias!

  3. Darwin Says:
    September 7th, 2007 at 9:21 am

    Ok, as long as you agree that your arguments are as biased as you accuse your opponents of being.

  4. steve Says:
    September 7th, 2007 at 10:50 am

    Huh?

Leave a Reply