Wednesday, December 8, 2010

Accounting for the Tax Cut Extension Compromise

Not a long post today, just something that bugs me.

Some people are assailing the just-announced compromise on extending the Bush-era tax cuts, complaining that it will cost the government hundreds of billions of dollars.

This is sheer nonsense or, as we say, sophistry.

Keeping tax rates the same means that the government will continue to extract the same percentage of income from you and me that it has taken in the past. Thinking of that as "costing the government money" is to argue that it is the government's money to begin with.

Get it?

Taxes cost US money. Keeping taxes where they are does not "cost" anything.

Maintaining tax rates at their current levels "costs" the government the same way that steel vaults "cost" bank robbers or alarms "cost" car thieves.

10 comments:

  1. This simple app provides lots of funny facts that you have ever known.
    Regardless, to locate quality photos like this try
    the following. So, to overcome this situation and to remain in a positive mood laughter therapy is the best solution which can be done by various ways
    by watching funny movies, by downlaoding some funny pictures or by doing chit
    chatting of funny text with your dear freinds.

    Feel free to surf to my site ... More Information

    ReplyDelete
  2. So, while I am no roving reporter I am endeavoring with my menial reporting skills, to bring
    you. The promotion of good health is necessary to ensure that
    people are healthy, wealthy and wise. It's more than just doing the right things or being involved in a good opportunity.

    Here is my web page ... Latest Daily News

    ReplyDelete
  3. Very soon this web page will be famous among all blogging and site-building viewers, due to it's nice posts

    Here is my homepage: Biotechnology Careers

    ReplyDelete
  4. Firstly, you must exercise; without proper workout,
    you can bid goodbye to your dream of having a flat tummy.
    The fitness vacation - Whenever vacation is referred to, most of would think enjoying tropical foods, sitting beside
    the pool, drinking, and partying all night. Emotion linked to a definite objective is a strong mixture.



    my webpage: source for this article

    ReplyDelete
  5. Your payments will not only get to you faster but it will provide
    you with a history of your earnings for your records. The reason this is important is because you will have a stronger knowledge base and bag of tricks to keep you going on the rougher days.

    ' Being physically active can promote good mental health and help you to manage stress, anxiety and depression.

    My web page: simply click the following webpage

    ReplyDelete
  6. This study shows that progression of AIDS become rapid in the presence of negativity due to less social gathering and stress in life.
    If you have a bad dog, you can submit your story online on
    this submission form on baddogs. Music: My - Space is indeed the friend of music, but it has close ties with the independent artists, who make up
    for what they lack in record contracts and money by being
    My - Space-strong, building a strong fan base and creating loyal street teams, which then take on a lot
    of the advertising on the band's behalf.

    My site - funny pictures and cartoons free

    ReplyDelete
  7. Or are you looking for some funny images for your desktop or mobile phone wallpaper.
    The goal with a funny picture is to have the
    photograph be almost a blank canvas for you to put the punch line on.
    Locate a respected joke internet site that allows you to make
    use of the offered jokes which means you won't need to worry about email viruses.

    Also visit my web-site: free funny pictures and cartoons

    ReplyDelete
  8. Most of you hunger to know more about the glitzy
    life styles of glamorous celebrities and sensual models.
    You can give tips to the workers in the salon, restaurants where the star visit frequently.

    Every now and then, new stars emerge and disappear in the blink of an eye and every smallest detail
    about the same becomes important celebrity news.


    Visit my blog; 5thdegreeproductions.com

    ReplyDelete
  9. Today, I went to the beach front with my kids.
    I found a sea shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear."
    She put the shell to her ear and screamed. There
    was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is totally off topic but I had to tell someone!


    My web page mouse click the following webpage

    ReplyDelete
  10. Hello there! This post couldnít be written any better!
    Looking through this article reminds me of my previous roommate!
    He always kept talking about this. I will send this post
    to him. Fairly certain he'll have a very good read. I appreciate you for sharing!

    Here is my weblog: http://maisqbello.com

    ReplyDelete