Minimum Wage Topic

burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
I'm struggling to understand your point.  Maybe I haven't had enough coffee yet.

If you make $50K, you get taxed 25% on the last $15K you made that year, or whatever.  You got taxed 15% of it on the first $35K or so.  The first $35K was of a higher value to you than the next $15K.  As you make more money, the value of each dollar you make generally has less value to you.  If you won the lottery today, the last dollar of the $15 million you won does not have as much value to you as the dollar you picked up off the street yesterday.  It's most efficient for the government to tax individuals with this in mind.  If you want to say it's not fair, again, I understand your point of view, I probably agree with you.  It's not "fair."
6/12/2014 9:53 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect
My point is that the effect of a dollar is different for everyone depending on many, many circumstances.   The govt treats 100k as 100k.   So, in my opinion, "it effects them less" is a very stupid argument.   I have no idea how a dollar affects you.  And vice versa.  Nor does the govt. 

I'm sure you're aware of all the people losing multi-million dollar homes when the economy crashed.  You'd think someone in a house like that would be OK losing several thousand bucks.  Not so.

I'm not sure how I can be any clearer. 
6/12/2014 10:07 AM
burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
Most individuals who make 100k value their last dollar made less than the guy making 50k.  Charging him the same rate in taxes with the idea that "maybe they value it the same way" probably isn't the smartest idea in the world.  Chances are they don't.
6/12/2014 10:25 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect

I don't think you can make blanket statements like that(even if the IRS does).

I think it's stupid to make blanket statements like that(even though the IRS does).

It's been awhile since I've been to NYC but, IIRC, a draft beer was around $8.   It's also been awhile since I've been to Alabama but, IIRC, a draft beer was around $3.    Do you think the value of a dollar is the same in NY and AL?   If not, how can you make blanket statements about the value of a dollar taxed?

6/12/2014 10:30 AM
tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
6/12/2014 10:32 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect

I'd argue that we don't know how much individuals making $100k value their dollar and, therefore, we probably shouldn't speculate on it.

In fact, I am arguing that. 

6/12/2014 10:35 AM
bad_luck
Posts: 21761 (0)
Hall of Famer
48 1 10
Prospect
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Everyone values every dollar they make. No one values every dollar they make the same.
6/12/2014 10:37 AM
burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
I don't know what else to say.  The more money you make, the less you value the next dollar you make.  A guy who makes $50K a year is more likely to pick up a dollar off the floor than a guy who makes $100K.  A guy who makes $100K is more likely than a guy who makes $1M.  We tax people differently with this in mind.  It's more efficient.  

If you want to argue "well not EVERY individual who makes $100K values their next dollar less than the guy who makes $50K, so tax them all the same rate" I'd argue that's stupid.  If you argue that every individual should be taxed the same rate because it's what's fair, I wouldn't call it stupid.
6/12/2014 10:39 AM
MikeT23
Posts: 58012 (0)
Hall of Famer
87 1 47 1 189
Prospect
Posted by burnsy483 on 6/12/2014 10:40:00 AM (view original):
I don't know what else to say.  The more money you make, the less you value the next dollar you make.  A guy who makes $50K a year is more likely to pick up a dollar off the floor than a guy who makes $100K.  A guy who makes $100K is more likely than a guy who makes $1M.  We tax people differently with this in mind.  It's more efficient.  

If you want to argue "well not EVERY individual who makes $100K values their next dollar less than the guy who makes $50K, so tax them all the same rate" I'd argue that's stupid.  If you argue that every individual should be taxed the same rate because it's what's fair, I wouldn't call it stupid.
No.  "The more money you make, the less you value the next dollar you make."

Very stupid to make a blanket statement like that.  Very, very stupid.


I've argued the last point since the beginning even though I don't really give a **** about fair.   It's just that no one should get a free ride. 
6/12/2014 10:45 AM
burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Then why do you think some individuals shouldn't pay taxes?
6/12/2014 10:45 AM
tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
Posted by bad_luck on 6/12/2014 10:37:00 AM (view original):
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Everyone values every dollar they make. No one values every dollar they make the same.
Who values their last dollar more?

The 50 year old guy making $100k with a mortgage, one kid in college and a second kid a year away from college, or the 25 year old guy making $50k while living in mom's basement and out partying with his friends 5 nights a week?

6/12/2014 10:48 AM
burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
Posted by MikeT23 on 6/12/2014 10:45:00 AM (view original):
Posted by burnsy483 on 6/12/2014 10:40:00 AM (view original):
I don't know what else to say.  The more money you make, the less you value the next dollar you make.  A guy who makes $50K a year is more likely to pick up a dollar off the floor than a guy who makes $100K.  A guy who makes $100K is more likely than a guy who makes $1M.  We tax people differently with this in mind.  It's more efficient.  

If you want to argue "well not EVERY individual who makes $100K values their next dollar less than the guy who makes $50K, so tax them all the same rate" I'd argue that's stupid.  If you argue that every individual should be taxed the same rate because it's what's fair, I wouldn't call it stupid.
No.  "The more money you make, the less you value the next dollar you make."

Very stupid to make a blanket statement like that.  Very, very stupid.


I've argued the last point since the beginning even though I don't really give a **** about fair.   It's just that no one should get a free ride. 
If you think people are just as likely to pick up a dollar they see on a sidewalk, regardless of their income level, I think that's stupid.
6/12/2014 10:48 AM
tecwrg
Posts: 18997 (0)
Hall of Famer
4 1 166 32 129
Prospect
Posted by burnsy483 on 6/12/2014 10:45:00 AM (view original):
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Then why do you think some individuals shouldn't pay taxes?
I think everybody should pay taxes.
6/12/2014 10:49 AM
burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
Posted by tecwrg on 6/12/2014 10:48:00 AM (view original):
Posted by bad_luck on 6/12/2014 10:37:00 AM (view original):
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Everyone values every dollar they make. No one values every dollar they make the same.
Who values their last dollar more?

The 50 year old guy making $100k with a mortgage, one kid in college and a second kid a year away from college, or the 25 year old guy making $50k while living in mom's basement and out partying with his friends 5 nights a week?

The 50 year old guy.  The 50 year old guy may also pay a less percentage in taxes than the 25 year old guy because he has a mortgage and 2 kids. (I'm not sure)
6/12/2014 10:49 AM
burnsy483
Posts: 6848 (0)
Veteran
1 1 26
Prospect
Posted by tecwrg on 6/12/2014 10:49:00 AM (view original):
Posted by burnsy483 on 6/12/2014 10:45:00 AM (view original):
Posted by tecwrg on 6/12/2014 10:32:00 AM (view original):
I'd argue that individuals making $100k value EVERY dollar they make, and nobody should have the right to tell them HOW MUCH they should value the last dollar they make.
Then why do you think some individuals shouldn't pay taxes?
I think everybody should pay taxes.
So what was the whole single rate deal after a certain income level?
6/12/2014 10:50 AM
◂ Prev 1...52|53|54|55|56...127 Next ▸
Minimum Wage Topic
△Top△Bottom

Search Criteria

Terms of Use Customer Support Privacy Statement

© 1999-2026 WhatIfSports.com, Inc. All rights reserved. WhatIfSports is a trademark of WhatIfSports.com, Inc. SimLeague, SimMatchup and iSimNow are trademarks or registered trademarks of Electronic Arts, Inc. Used under license. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.