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Devising the best taxation

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Author Topic:   Devising the best taxation
kuresu
Member (Idle past 2535 days)
Posts: 2544
From: boulder, colorado
Joined: 03-24-2006

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Message 53 of 70 (439834)
12-10-2007 4:12 PM 		Reply to: Message 50 by Buzsaw
12-10-2007 10:36 AM

Re: If I Were President
um, the money is definitely not printed by private banks. Technically yes, in reality, no. The US government effectively controls who is part of the Fed. There is a long history of banks printing money, going all the way back to the the creation of the constitution.
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Printing money in the hands of congress is not smart. They can change it's value solely for political gain, and really wreck our economy.
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kuresu
Member (Idle past 2535 days)
Posts: 2544
From: boulder, colorado
Joined: 03-24-2006

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Message 56 of 70 (439844)
12-10-2007 4:38 PM 		Reply to: Message 54 by Chiroptera
12-10-2007 4:26 PM

Re: negative income tax
How does:
Someone earning $10000 would get 0.3*(50000-10000)= $12000
gel with
Take your income and subtract $50,000. Multiply this by 30%. If the result is positive, this is what you owe. If it is negative, this is what you get
??
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Using your first formula, I get
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10,000-50,000 = -40,000.
-40,000 * .3 = -12000.
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Okay, so the result is the same. You are the math professor, but I get kind of confused when people change the formulas on me.
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Just wondering.
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kuresu
Member (Idle past 2535 days)
Posts: 2544
From: boulder, colorado
Joined: 03-24-2006

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Message 57 of 70 (439845)
12-10-2007 4:41 PM 		Reply to: Message 55 by Chiroptera
12-10-2007 4:35 PM

Re: If I Were President
You're right in that most of the money in circulation isn't 'real'.
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Took Econ 101 last semester, will be taking it this semester , so you know, grain of salt.
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