socialistictendencies reblogged your photo:
>I wasn’t even calling his views shitty this time. Consistency isn’t necessarily a good thing. If the consistent views are shitty then why would that be considered an advantage?
But then you are so
>Income isn’t the only problem for the poor.
Oh, I’m sure it’s in their top five list of concerns.
It’s the main problem. Not the only problem.
Being able to keep 100% of your income when you make like $20,000 a year isn’t some sort of bonus or an advantage. The problem isn’t the way the poor are taxed, the problem is the way the rich aren’t taxed.
Think about this: people who make between $50,000 and $100,000 per year are of course not poor. But they regularly pay a much higher percentage of their income in taxes than those who make say, $1,000,000 per year. This is because of the definitions of income used in the tax code. You have earned income, then you have capital gains. The very richest people in this country have little comparative ”income”; the majority of their money is from capital gains. This is not a problem in and of itself; rather the problem is that capital gains are taxed at a flat rate of 15%.
I make around $30,000 per year and I pay more than 15%. So while I certainly wouldn’t mind a lower tax rate (I have a son to take care of as well, not easy on this income in Los Angeles), that extra $3000 or so a year doesn’t vault me into a higher income bracket or anything. It just makes it a bit easier to buy my bus pass.
I wrote this response earlier on my other blog, but I thought it would fit in on this blog a bit better. A brief breakdown of one of the many inequalities in the American economic system.