Yet More Bad Arguments Against Taxes

More

By Conor Clarke

This New York Post piece on the proposed health-care surtax by Charles Hurt, David Seifman and Jennifer Fermino is really a piece of garbage. (It's ostenibly a news piece, although it comes with the slightly Dadaesque headline "DEM HEALTH RX A POI$ON PILL IN NY.")  When I read propaganda about how Obama will bring us tax rates of 60% during a recession I try to remember that: (1) There is a difference between marginal and effective tax rates; and (2) None of these proposals takes effect for the next couple of years (so it is not "a scary prospect in the midst of a recession"). And let me say it again: The effective federal rate for top earners -- the rate we should care about -- will still, with this surtax, be lower than it was in the mid-90s.

Effective rates top 1%

Jump to comments

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

Get Today's Top Stories in Your Inbox (preview)

An Eerie Tour of Chernobyl's Wasteland

"Do not touch the water. There is nothing more irradiated than the water itself."


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down