Tuesday, October 25, 2005

Leopard-Skin Pill-Box Tax

Matt McIntosh makes what in my mind is a pretty sensible tax proposal: have the equation for the tax rate directly tied to the size of the federal budget. This way, as soon as the government goes on a spending spree, individuals immediately (or within the next year at most) feel the pinch of this on their taxes. This accomplishes two goals: it creates greater accountability for politicians, as their spending habits are indexed into the tax equation, which would definitely grab the public's attention. Additionally, it serves as a great reminder that all the things we like to think are "free" are really being paid for out of our own pocket via the government. Like many others, Matt also suggests that we should get rid of the various tax "brackets" we have now, which create ridiculous leaps in the effective marginal tax rate, and move to a simple smooth equation that rises with income. Good ideas, all.

6 Comments:

At 5:41 PM, Blogger Garry said...

Can I guess what's on your playlist at present?

 
At 10:38 PM, Blogger Scott McC said...

OK, go ahead and guess. (hey, the word verification "word" is "kjdnapz" - that's almost a word. It's the Danish ghetto word for stealing a child that isn't yours)

 
At 6:13 AM, Blogger Garry said...

Can you steal a kid that is yours?

 
At 8:32 AM, Blogger Scott McC said...

Just...their soul.

 
At 9:21 AM, Blogger Garry said...

That's a good answer. So you're listening to Rage, Dylan, and the Hip? In that order?

 
At 12:35 PM, Blogger Scott McC said...

The song title titles are a new characteristic of the blog, in order to more firmly establish my hipness (or lack thereof). And yes, those are all on my playlist.

 

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