Comments on: Bush Tax Cuts and Tax Freedom Day http://www.muditajournal.com/archives/184.php Mindfulness and Individualism Thu, 02 Feb 2012 16:37:00 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Svein Olav Nyberg http://www.muditajournal.com/archives/184.php#comment-199 Svein Olav Nyberg Tue, 20 Apr 2004 06:55:25 +0000 http://www.zader.com/2006/?p=184#comment-199 It would be interesting to see how much Tax Freedom Day had been moved for each of the families. This would be a different comparison than the standard one where - gee whiz - the ones with the biggest income get the biggest dollar cuts. Seen from the point of view of Tax Freedom Day, it is those with the least income who are best off to start out with, and you would probably make more people see the fairness in moving the Tax Freedom Day more for those who have it late than for those who have it early. Fictitious example: Family A earns 30000, and pays 16.7% tax Family B earns 100000, and pays 50% tax Then comes an overall tax cut of 5% Seen from the dollar vantage point, Family A gains 1500 dollars, while Family B gains 5000 dollars. Seen from the TFD bantage point, Family A has its TFD moved from 1st of March to 12th of February, while Family B has its TFD moved from 1st of July to 12th of May. It would be interesting to see how much Tax Freedom Day had been moved for each of the families. This would be a different comparison than the standard one where – gee whiz – the ones with the biggest income get the biggest dollar cuts. Seen from the point of view of Tax Freedom Day, it is those with the least income who are best off to start out with, and you would probably make more people see the fairness in moving the Tax Freedom Day more for those who have it late than for those who have it early.

Fictitious example:
Family A earns 30000, and pays 16.7% tax
Family B earns 100000, and pays 50% tax

Then comes an overall tax cut of 5%

Seen from the dollar vantage point,
Family A gains 1500 dollars, while
Family B gains 5000 dollars.

Seen from the TFD bantage point,
Family A has its TFD moved from 1st of March to 12th of February, while
Family B has its TFD moved from 1st of July to 12th of May.

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