Your Email:

Subject:

Message:
Entry: Greenspan's Gambits Link: http://www.takimag.com/site/article/greenspans_gambits#5590 Post contents: MSS sez: "Joe cites the Congrssional Budget Office, which is at least as partisan an institution as the Tax Foundation which Joe derides, as to the opinions of economists. Well, let us hope readers of this blog understand the difference between the facts of the tax code and the opinions of CBO economists..." The Tax Foundation exists to skew the data and confuse the public with the purpose of railing against the progressive income tax. The CBO is just reflecting the prevailing view of MOST economists that the employer contribution is part of his labor cost, and therefore a deduction from wages that would otherwise be paid directly to the individual. By hiding the tax as an “employer contribution” instead of wages, the State conveniently maximizes the taxes, by sheltering it from deductions such as child care credit, home mortgage, and the rest. In other words, it is a way the State maximizes taxes on labor, to be able to lower taxes on non-labor income, or wealth. Citing the way the State rationalizes and hides the true cost of payroll taxes is sort of crazy given your ideological bent. If you were really morally consistent, you would oppose ALL taxes on income. But as I was saying, your ideology is self-serving, it‘s about giving those with the most, MORE. About protecting the rich from paying their fair share of the tax burden. Sent at: 2008 11 22