Facebook Mark Zuckerberg recently said that he was "cool" with the idea of paying more taxes was. At first sight this may seem like a good idea. Increase the tax rate on income above seems an effective way for our progressive (formerly progressive) federal tax system. But, as columnist for Reason and Mercatus Center economist Veronique de Rugy said in his weekly appearance on Bloomberg TV, the reasons for this policy recommendation ignores the complexity of the United NationsStates federal tax system. By separating the economic myth of economic reality, de Rugy offers facts on taxes and spending. Myth 1: millionaires to increase by a tax benefit on income tax of heroes. Fact 1: No, no, I am. Many of the rich get most of their income on capital gains and dividends as ordinary income. Supporters are essentially a tax increase on the production lot less money than they do. Myth 2: Big Government means more redistributionthe poor. Fact 2: Big governments tend to be less progressive taxes than smaller ones. Myth 3: The doomsday projections are overstated by unfunded Social Security and Medicare obligations. Step 3:. The unfunded liabilities for Social Security and Medicare for more than a year in the United States' gross domestic product that sits on top of that spending is financed presumably For more information, see article de Rugy. " The facts on taxes and spending. "Reason.com
Tags: Veronique de Rugy, Reason Magazine, Reason Foundation, Reason.tv, Libertarian
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