The Honest Hypocrite: Simulating the winner of the 2015 Superbowl

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Friday, 16 September 2011

Three discussions of marginal tax rates, only some get it right.

Posted on 12:06 by kajal singh
Firstly a link commenting on a egregious common mistake that the media makes often makes about tax rates.  The following statement from USA Today is clearly wrong:
"That raise actually might not be as good as it looks. The extra money is nice, but it could very well bump you into the next tax bracket, possibly leaving you with less money than you had before the raise."
This commenter shows that within our tax system you always make more money when you get a raise, you just might have a higher marginal tax rate on the extra salary, but you never make less net income.  USA Today fixed it.

An even more complete discussion of marginal tax rates can be found here. 

All that being said when you add in the rest of the tax code with earned income tax credits, welfare and deductions the net income vs. starting income can be very different at low incomes.  This author seems to think that it provides a disincentive to work, whereas I see it as society's way of providing an income above the poverty line for families until they begin making more than that.  The lowest net income seems to hover around $35 to $40 thousand a year. 
Email ThisBlogThis!Share to XShare to Facebook
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Captains of the Axiom from WALL-E
    Captain Reardon 2105-2248 143 years Captain Fee 2248-2379 131 years Captain Thompson 2380-2520 140 years Captain Brace 2521-26...
  • Recreating Laffer's unemployment benefits payout vs. unemployment rate chart but not his ridiculous conclusions
    Howard points to an excellent refutation of the ridiculous claims by Laffe r that unemployment benefits drive unemployment. The chart fro...
  • Snow yesterday was fluffy
    The picture of the creek was taken while the snow was still falling. There was 5" on the pathway at 5pm yesterday. Amounts ranged up t...
  • Employment-Population Ratio - a scarier way to look at unemployment
    The Bureau of labor Statistics compiles a stat called the Employment-Population Ratio that is the number of people working of the available...
  • Tradescantia Blooming
    Just when you think a flower has washed away in the floods, or burned away in the droughts, or withered due to benighted neglect, they come ...
  • Wesley Snipes fan in Delaware
    Could this person be such a fan of Wesley Snipes that they have a BLADE II license plate to commemorate their favorite movie? Is there a co...
  • Autographed hot dog buns at Tony Packo's Cafe in Toldeo
    Tony Packo's Cafe in Toledo is world famous for it's "Hungarian hot dogs", which are really just hot dogs with a deliciou...
  • Oscar Meyer Wienermobile in Wilmington today
    The Oscar Meyer Wienermobile was at the Acme at Rt202 and Rt 141  north of Wilmington today. They let us go inside it.  I like the custom Wi...
  • My new band and its debut album
    Reddit has a make your own band and first album with artwork generator much like the one that I have done before . It's been so long si...
  • Focus not on the Rapture but on loving others.
    A Roman Catholic priest gives the right answer when asked , "How does the Rapture figure into your faith?" ...Essentially all of t...

Categories

  • 80's TV shows
  • 9
  • A-team
  • accident
  • actors
  • aircraft
  • airplane
  • allium
  • alphabet
  • aluminum
  • animals
  • anniversary
  • Apollo 11
  • art
  • astronauts
  • astronomy
  • auction
  • Baltimore Orioles
  • baptisia
  • baptist
  • Baseball
  • bathroom
  • bathroom remodel
  • Battlestar galacta
  • bee
  • Bensi
  • bicycle
  • biden
  • biology
  • bird watching
  • blogs
  • Blue Heron
  • books
  • Boxing Day
  • brachiopod
  • broadband
  • BSG
  • Caddyshack
  • calendar
  • cancer
  • car
  • carriages
  • cars
  • cartoons
  • caterpillar
  • charts
  • chemistry
  • cherry trees
  • Chicago
  • chicken
  • children
  • Chrysler auto plant
  • cigar
  • cigar rolling
  • cinema
  • clouds
  • color
  • comics
  • commentary
  • coprology
  • creationist
  • croatian
  • cuba
  • cucumber
  • curling
  • curveball
  • daffodils
  • data presentation
  • Dealware
  • Delaware
  • deldot
  • DeLorean
  • design
  • Detroit Tigers
  • dinner
  • drilling
  • Dupont Country Club
  • Easter Island
  • eclipse
  • economics
  • el lector
  • electric
  • elements
  • Escanaba
  • evolution
  • experiment
  • explosion
  • face blindness
  • fantasy football
  • father's day
  • fayette
  • ferns
  • fireworks
  • flash mob
  • flashlight
  • flooding
  • flowers
  • flowrate
  • flu
  • fluid mechnics
  • fossil
  • fox
  • fragrance
  • frog
  • frost
  • fun
  • funeral
  • furniture
  • games
  • garden
  • gardening
  • generations
  • generator
  • genetics
  • Ghostbusters
  • gifts
  • glass tile
  • golf
  • government
  • graffiti
  • graph
  • graphing
  • great egret
  • greenville
  • groundhog
  • groundhog's day
  • Guerrilla Drive In
  • H1N1
  • hard drive
  • health care
  • histograms
  • history
  • home maintenance
  • horses
  • hubris
  • ideas
  • IHM
  • Immaculate Heart of Mary
  • Incredible Hulk
  • Independence day
  • internet
  • ipod touch
  • iris
  • IRS
  • joe-pie weed
  • juniper
  • junk
  • Key West
  • knowledge
  • labor
  • Lake Michigan
  • language
  • LCROSS
  • lego
  • license plate
  • lily of the valley
  • Lincoln Park Zoo
  • linguistics
  • lobster
  • logging
  • love
  • lunar eclipse
  • magnolia
  • manhole
  • maps
  • March Madness
  • marching band
  • marketing
  • math
  • measurement
  • memory
  • meta
  • meterology
  • military records
  • modeling
  • modelling
  • models
  • Monarch Butterfly
  • monster truck
  • monte carlo
  • moon
  • mosaic
  • mountain
  • mountain ash
  • mouse
  • movie
  • movies
  • museum
  • names
  • NASA
  • NASA Wallops space
  • National Park
  • NCAA Basketball
  • network
  • New Castle County
  • NFL
  • NOAA
  • nodes
  • Norristown
  • Northern Water Snake
  • Northern Water Snake.
  • obama
  • panorama
  • parenting
  • parking
  • pencil
  • pennsylvania
  • peonies
  • personality
  • philadelphia
  • phillies
  • philosophy
  • pi
  • picture
  • pictures
  • Pillsbury Doughboy
  • Pittsburgh
  • playoff
  • Point to Point
  • polar bear
  • politics
  • preparation
  • president
  • probability
  • progress
  • prosopagnosia
  • psychology
  • Quantum Leap
  • quiz
  • raccoon
  • rain
  • reader
  • refinery
  • religion
  • remodeling
  • restaurants
  • review
  • reviews
  • robotic groundhog
  • robots
  • rock
  • rocket launch
  • rotisserie
  • Sagarin
  • satellites
  • saw mill
  • scat
  • Science
  • Science Fiction
  • scifi
  • screaming yellow
  • sculpture
  • separated at birth
  • Septa
  • sf
  • shellpot creek
  • signs
  • Simpsons
  • simulations
  • slime mold
  • slug
  • snakes
  • snow
  • snow chairs
  • soccer
  • solar eclipse
  • space
  • speed test
  • spider
  • spring
  • Spring Beauty
  • stars
  • State fair
  • statistics
  • storage
  • strawberries
  • sun
  • survival
  • t-shirt
  • tableau
  • taxes economics statistics sussex delaware
  • technology
  • television
  • terminator
  • test
  • tetris
  • time
  • time travel
  • titles
  • toad lily
  • tomato
  • traffic cams
  • transpass
  • travel
  • trees
  • trivia
  • truck
  • tuba
  • Tufte
  • tulips
  • tunnel
  • turnpike
  • twitter
  • unemployment
  • university
  • UP State Fair
  • urinal
  • V
  • vaccination
  • Verizon FIOS
  • video
  • Virginia
  • visualization
  • vocabulary
  • WALL-E
  • Wallops
  • Walt Disney World
  • war on children
  • weather
  • website
  • white heron
  • wikipedia
  • wilmginton
  • Wilmington
  • wine
  • winter solstice
  • Winterthur
  • wood
  • zoo

Blog Archive

  • ►  2015 (2)
    • ►  January (2)
  • ►  2014 (77)
    • ►  December (1)
    • ►  November (1)
    • ►  September (4)
    • ►  August (9)
    • ►  July (20)
    • ►  June (14)
    • ►  May (3)
    • ►  April (8)
    • ►  March (5)
    • ►  February (5)
    • ►  January (7)
  • ►  2013 (30)
    • ►  December (3)
    • ►  November (5)
    • ►  September (3)
    • ►  August (3)
    • ►  June (2)
    • ►  May (4)
    • ►  April (3)
    • ►  March (2)
    • ►  February (4)
    • ►  January (1)
  • ►  2012 (41)
    • ►  November (5)
    • ►  October (4)
    • ►  September (3)
    • ►  August (1)
    • ►  July (4)
    • ►  June (9)
    • ►  May (3)
    • ►  April (3)
    • ►  March (4)
    • ►  February (1)
    • ►  January (4)
  • ▼  2011 (82)
    • ►  December (3)
    • ►  November (4)
    • ►  October (1)
    • ▼  September (5)
      • MR. ME license plate in Delaware
      • Begonias at Winterthur
      • Free software to run your pennsylvania election - ...
      • Three discussions of marginal tax rates, only some...
      • Autographed hot dog buns at Tony Packo's Cafe in T...
    • ►  August (7)
    • ►  July (4)
    • ►  June (5)
    • ►  May (8)
    • ►  April (15)
    • ►  March (9)
    • ►  February (6)
    • ►  January (15)
  • ►  2010 (129)
    • ►  December (6)
    • ►  November (2)
    • ►  October (3)
    • ►  September (6)
    • ►  August (15)
    • ►  July (20)
    • ►  June (8)
    • ►  May (7)
    • ►  April (15)
    • ►  March (10)
    • ►  February (22)
    • ►  January (15)
  • ►  2009 (139)
    • ►  December (11)
    • ►  November (9)
    • ►  October (15)
    • ►  September (19)
    • ►  August (14)
    • ►  July (28)
    • ►  June (22)
    • ►  May (21)
Powered by Blogger.

About Me

kajal singh
View my complete profile