Click To Refresh and See Other Posts
Finger People - Universal Language - Honduras

Monday, February 4, 2013

Walker Tax Plan 2013: Deceptive, Phoney, Regressive

Walker's plans to help the middle class does a lot more for higher income households that actually have discretionary income than it does for the middle class or the poor.  I guess he is relying on ignorance about progressive tax systems by supporters and non-supporters.  If you want to help the middle class - increase the top tax rates.  Cutting the lower rates, or middle rates puts as many dollars into the high income person as it does the low income!

The lowest bracket for all classes of taxpayers is 4.6% and the highest is 7.75%.  The bracket size varies based on class of taxpayer (e.g., single).  You could do so many different things with tax rates.  If you wanted to see more money spent immediately you could for example split the rate for the lowest bracket.  If you wanted to raise more revenue from those with large amounts of discretionary income you would either lower the top bracket threshold or raise the rate for the top bracket or create another bracket.

These are of course difficult political decisions but you can be sure the Democrats and Republicans have separate constituencies that they try to direct benefits to.

Without seeing the actual tax policy revenue estimates and simulations you will never know what Walker is really trying to do.  Trust me I used to run those kind of simulations for the LFB (Legislative Fiscal Bureau).

Show us the data!

Study: Poor Pay More Of Their Income In Taxes ... WPR 2/4/2013

The question and answer below illustrates that eliminating Wisconsin's "income tax" with an even more agressive / regressive increase in "sales tax" amounts to a very big tax shift to the elderlyIt has been reported that Walker is considering just such a change.  Sales tax very regressive taxes impacting the poor and middle class much more than the high income and wealthy.

How much of my social security benefits are taxable by Wisconsin?

For tax years beginning on and after January 1, 2008, Wisconsin does not tax social security benefits.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I said it ... now we have some numbers ...

http://www.jsonline.com/news/statepolitics/much-of-tax-savings-from-scott-walkers-proposed-cut-would-go-top-20-4s8st6l-192925631.html

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
What's wrong with Kansas ... race to bottom!?  ALEC at work? Surprise ... Sales Tax increase ...

NPR - In Kansas, A 'Glide Path' To No Income Taxes. Will It Work?

WI 1848 Forward: #Walker #Tax Plan 2013: Top 5% get 20% Benefit: #Taxes #47% #AARP #99% #WRS #wwJd vs 1% #elites

WI 1848 Forward: #Walker #Tax Plan 2013: Deceptive, Phoney : #Taxes #47% #AARP #99% #WRS vs #elites #1%

WI 1848 Forward: #Walker #Tax Plan 2013:Hand in your Pocket Change: #Taxes #AARP #99% #WRS vs #elites #regressive ? 

WI 1848 Forward: #Walker #Tax Plan 2013-Hand in your Pocket #Taxes Increase- #47% #AARP #99% #WRS #regressive 

WI 1848 Forward: #Walker #Tax Plan 2013 - #Taxes Increase- #47% #AARP #99% #WRS #wwJd vs #elites #regressive  

WI 1848 Forward: Walker Tax Plan 2013: Trial Balloon to see if "old folks" and #ruralies are sleeping! #AARP #WRS 

WI 1848 Forward: #Walker #Tax Plan 2013: Deceptive, Phoney : #Taxes #47% #AARP #99% #WRS vs #Kansas experiment 

1 comment:

Unknown said...

Thanks for creating such thread for us. I would like to thanks for published more effective an article and contents. Incorporation