<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Why Make $300,000 When $250,000 Is So Much More?</title>
	<atom:link href="http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/</link>
	<description></description>
	<lastBuildDate>Tue, 14 Feb 2012 21:07:16 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3</generator>
	<item>
		<title>By: Mendel Potok</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-221704</link>
		<dc:creator>Mendel Potok</dc:creator>
		<pubDate>Tue, 12 Oct 2010 12:48:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-221704</guid>
		<description>I don&#039;t see how $250,000 in yearly income is anything near underachievement!  You can have a VERY luxurious lifestyle making that much.  And I don&#039;t really get the argument that you can be a good Christian and not help people you deem unworthy of help.  That isn&#039;t up to you to decide, that&#039;s god&#039;s decision.  You keep your hand out regardless, otherwise you aren&#039;t any good to anyone. 
  &lt;a href=&quot;http://www.philadelphiadentalassociates.com&quot; rel=&quot;nofollow&quot;&gt;http://www.philadelphiadentalassociates.com&lt;/a&gt; </description>
		<content:encoded><![CDATA[<p>I don&#039;t see how $250,000 in yearly income is anything near underachievement!  You can have a VERY luxurious lifestyle making that much.  And I don&#039;t really get the argument that you can be a good Christian and not help people you deem unworthy of help.  That isn&#039;t up to you to decide, that&#039;s god&#039;s decision.  You keep your hand out regardless, otherwise you aren&#039;t any good to anyone.</p>
<p>  <a href="http://www.philadelphiadentalassociates.com" rel="nofollow">http://www.philadelphiadentalassociates.com</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: R Davis, Klamath Fal</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-201199</link>
		<dc:creator>R Davis, Klamath Fal</dc:creator>
		<pubDate>Tue, 14 Sep 2010 23:36:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-201199</guid>
		<description>Is the $250000 gross income or taxable income? </description>
		<content:encoded><![CDATA[<p>Is the $250000 gross income or taxable income?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: allyson, raleigh</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-104988</link>
		<dc:creator>allyson, raleigh</dc:creator>
		<pubDate>Tue, 13 Apr 2010 11:09:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-104988</guid>
		<description>The new sloggan for the people of America should be, no representation without taxation.  Everyone should pay, our system will not breed compasion and charity without fairness, and responsibile spending from goverment.  That would urge compassion from the community, where it would be the most efficient and effective. </description>
		<content:encoded><![CDATA[<p>The new sloggan for the people of America should be, no representation without taxation.  Everyone should pay, our system will not breed compasion and charity without fairness, and responsibile spending from goverment.  That would urge compassion from the community, where it would be the most efficient and effective.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bill</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-82246</link>
		<dc:creator>Bill</dc:creator>
		<pubDate>Mon, 18 Jan 2010 12:47:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-82246</guid>
		<description>If you are an attorney and you have to drop clients to get under an income level then you are a crappy attorney. You are not using your brain. It&#039;s not how much you make, its how much you have left over. You are a fool to not reinvest that income somewhere else to avoid the extra income and income taxes.  
 
Even as a small business owner, I look at my years income and decide where I am going to invest my income back into my business or elsewhere  to reduce my income taxes. If you are really an attorney and victimized by the system and can&#039;t figure out how to lower your tax burden then you get what you deserve and I believe you are not working as hard as you say you are.  Stop being so stupid and crying about what business owners and leaned people have been doing legally for years. </description>
		<content:encoded><![CDATA[<p>If you are an attorney and you have to drop clients to get under an income level then you are a crappy attorney. You are not using your brain. It&#039;s not how much you make, its how much you have left over. You are a fool to not reinvest that income somewhere else to avoid the extra income and income taxes. </p>
<p>Even as a small business owner, I look at my years income and decide where I am going to invest my income back into my business or elsewhere  to reduce my income taxes. If you are really an attorney and victimized by the system and can&#039;t figure out how to lower your tax burden then you get what you deserve and I believe you are not working as hard as you say you are.  Stop being so stupid and crying about what business owners and leaned people have been doing legally for years.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Financial Samurai</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-62126</link>
		<dc:creator>Financial Samurai</dc:creator>
		<pubDate>Sun, 18 Oct 2009 01:40:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-62126</guid>
		<description>Ahhhh, I love this debate!  I have a raging comment over at &lt;a href=&quot;http://www.financialsamurai.com&quot; rel=&quot;nofollow&quot;&gt;www.financialsamurai.com&lt;/a&gt; where I argue why a Flat Tax is Fair! 
 
See you guys over there. </description>
		<content:encoded><![CDATA[<p>Ahhhh, I love this debate!  I have a raging comment over at <a href="http://www.financialsamurai.com" rel="nofollow">http://www.financialsamurai.com</a> where I argue why a Flat Tax is Fair!</p>
<p>See you guys over there.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Socialist Sneer at Tea Party Efforts &#171; Temple of Mut</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-26677</link>
		<dc:creator>Socialist Sneer at Tea Party Efforts &#171; Temple of Mut</dc:creator>
		<pubDate>Sat, 11 Apr 2009 00:17:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-26677</guid>
		<description>[...] behaviors to reduce their tax burden, therefore reducing the anticipated revenue. For example, a dentist is making plans to reduce her hours and services to get below Obama&#8217;s designated &amp;#8.... The dentist states specifically: “The motivation for a lot of people like me – dentists, [...]</description>
		<content:encoded><![CDATA[<p>[...] behaviors to reduce their tax burden, therefore reducing the anticipated revenue. For example, a dentist is making plans to reduce her hours and services to get below Obama&#8217;s designated &amp;#8&#8230;. The dentist states specifically: “The motivation for a lot of people like me – dentists, [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Americans Will Not Forsake Their Freedom to Elected Tyrants</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-26405</link>
		<dc:creator>Americans Will Not Forsake Their Freedom to Elected Tyrants</dc:creator>
		<pubDate>Thu, 09 Apr 2009 16:15:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-26405</guid>
		<description>[...] for ways to cut their income rather than become a victim of President Obama&#8217;s agenda to penalize families making $250,000. It is unlikely that at any other time in American history, has a more compelling argument been [...]</description>
		<content:encoded><![CDATA[<p>[...] for ways to cut their income rather than become a victim of President Obama&#8217;s agenda to penalize families making $250,000. It is unlikely that at any other time in American history, has a more compelling argument been [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Herman Sampson</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-23496</link>
		<dc:creator>Herman Sampson</dc:creator>
		<pubDate>Wed, 25 Mar 2009 11:36:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-23496</guid>
		<description>I&#039;m probably more liberal than 99.9% of contributors here.  My income also will leave me vulnerable to the new tax laws.  I don&#039;t like what I&#039;m going to have to pay, but the money will come from somewhere and trickle down doesn&#039;t work. 
 
I think in a (nearly) perfect world, we would have a flat income tax and either a VAT or consumption tax.   Unfortunately, either probably would kill the economy at this point.   
 
I think we also would maintain social safety nets but put time limits on them.  Enforced education and job training, WPA-style programs, and military service could be options. 
 
The contributor who comments on the dentist&#039;s income is right; the increased income tax represents a marginal rate.  You do realize diminishing marginal returns as your income goes up in our tax code, but your after tax home income does not decrease due to this increase. 
 
But wait, the other parts of the new tax plan may decrease after tax income.  These include the loss of the charity deduction and the recalculation of the mortgage interest deduction from the marginal tax rate over $250K to 28%. 
 
The charity and mortgage interest deduction eliminations, frankly, were stupid.  Degrees of altruism aside, how much you can deduct for many people will alter the amount given or the gifts to &quot;second choice&quot; charities.   
 
A better way would have been to tie charity deductions to consumption (take home income-savings).  People who have $100K of consumption per year most likely have less latitude in charitable giving than those who have $300K of consumption per year.  This is going to hurt charities. 
 
Finally, this tax plan is nothing new; it&#039;s just bigger.  Anyone who has lived with AMT realizes that. </description>
		<content:encoded><![CDATA[<p>I&#039;m probably more liberal than 99.9% of contributors here.  My income also will leave me vulnerable to the new tax laws.  I don&#039;t like what I&#039;m going to have to pay, but the money will come from somewhere and trickle down doesn&#039;t work.</p>
<p>I think in a (nearly) perfect world, we would have a flat income tax and either a VAT or consumption tax.   Unfortunately, either probably would kill the economy at this point.  </p>
<p>I think we also would maintain social safety nets but put time limits on them.  Enforced education and job training, WPA-style programs, and military service could be options.</p>
<p>The contributor who comments on the dentist&#039;s income is right; the increased income tax represents a marginal rate.  You do realize diminishing marginal returns as your income goes up in our tax code, but your after tax home income does not decrease due to this increase.</p>
<p>But wait, the other parts of the new tax plan may decrease after tax income.  These include the loss of the charity deduction and the recalculation of the mortgage interest deduction from the marginal tax rate over $250K to 28%.</p>
<p>The charity and mortgage interest deduction eliminations, frankly, were stupid.  Degrees of altruism aside, how much you can deduct for many people will alter the amount given or the gifts to &quot;second choice&quot; charities.  </p>
<p>A better way would have been to tie charity deductions to consumption (take home income-savings).  People who have $100K of consumption per year most likely have less latitude in charitable giving than those who have $300K of consumption per year.  This is going to hurt charities.</p>
<p>Finally, this tax plan is nothing new; it&#039;s just bigger.  Anyone who has lived with AMT realizes that.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bob S., IL</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-21004</link>
		<dc:creator>Bob S., IL</dc:creator>
		<pubDate>Mon, 09 Mar 2009 15:04:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-21004</guid>
		<description>I wonder if our modern day &quot;Robin Hood&quot; is even familiar with the groups he is advocating. 
 
 I would like to consider myself a man of principle, and being a God fearing Christian, I am reminded every Sunday to help my fellow man. How, though, am I supposed to want to help someone who is clearly an able-bodied individual who has come to expect hand-outs without so much as a drop of his own sweat? After all, God helps those who help themselves, right? Faceless government agencies have proven time and again that they are too large and shoddily run to effectively weed out the abusers of what is no longer even considered a privelege but now is a right. I was not taught, nor will I teach my children, that it is O.K. to give a minimal amount of effort and abuse the largesse of others.  
 
 I worked hard for everything I own by the sweat of my brow. The callouses on my hands remind me every day that I am at least trying to do my part. And how dare ANYONE tell me that my desire for something better for my family(i.e.; a larger home, a more comfortable life) amounts to greed and avarice! And why can&#039;t I, or my church, or some other small and personable community organization decide as to who will aid from me? I want to look in a person&#039;s eyes and know that they are honest and sincere about making their own way. And a young physically viable man with no job, three children from three different women, and a souped up car with chrome rims that COST MORE THAN MY WORK TRUCK is not that person. </description>
		<content:encoded><![CDATA[<p>I wonder if our modern day &quot;Robin Hood&quot; is even familiar with the groups he is advocating.</p>
<p> I would like to consider myself a man of principle, and being a God fearing Christian, I am reminded every Sunday to help my fellow man. How, though, am I supposed to want to help someone who is clearly an able-bodied individual who has come to expect hand-outs without so much as a drop of his own sweat? After all, God helps those who help themselves, right? Faceless government agencies have proven time and again that they are too large and shoddily run to effectively weed out the abusers of what is no longer even considered a privelege but now is a right. I was not taught, nor will I teach my children, that it is O.K. to give a minimal amount of effort and abuse the largesse of others. </p>
<p> I worked hard for everything I own by the sweat of my brow. The callouses on my hands remind me every day that I am at least trying to do my part. And how dare ANYONE tell me that my desire for something better for my family(i.e.; a larger home, a more comfortable life) amounts to greed and avarice! And why can&#039;t I, or my church, or some other small and personable community organization decide as to who will aid from me? I want to look in a person&#039;s eyes and know that they are honest and sincere about making their own way. And a young physically viable man with no job, three children from three different women, and a souped up car with chrome rims that COST MORE THAN MY WORK TRUCK is not that person.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: John, San Francisco</title>
		<link>http://blog.heritage.org/2009/03/03/why-make-300000-when-250000-is-so-much-more/#comment-20680</link>
		<dc:creator>John, San Francisco</dc:creator>
		<pubDate>Fri, 06 Mar 2009 13:06:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.foundry.org/?p=3227#comment-20680</guid>
		<description>Reading the other comments of like-thinkers helps me feel not so alone. I live in the belly of the radically left beast. I am a physician who is one of those wage earners in the cross-hairs of Obama&#039;s economic weapon of mass destruction. I&#039;m planning on an early retirement in an attempt to keep my financial head down below his line of fire--one more MD not available to respond to the demand for free health care. I will probably move to Nevada to avoid California&#039;s increasingly abusive income taxes as well. How demoralizing. It does feel like I&#039;m being molested. </description>
		<content:encoded><![CDATA[<p>Reading the other comments of like-thinkers helps me feel not so alone. I live in the belly of the radically left beast. I am a physician who is one of those wage earners in the cross-hairs of Obama&#039;s economic weapon of mass destruction. I&#039;m planning on an early retirement in an attempt to keep my financial head down below his line of fire&#8211;one more MD not available to respond to the demand for free health care. I will probably move to Nevada to avoid California&#039;s increasingly abusive income taxes as well. How demoralizing. It does feel like I&#039;m being molested.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

