[extropy-chat] [SALT] The DEpopulation Problem, this Friday (for forwarding)
mlorrey at yahoo.com
Fri Aug 13 18:08:03 UTC 2004
--- Brian Lee <brian_a_lee at hotmail.com> wrote:
> >From: Mike Lorrey <mlorrey at yahoo.com>
> >To: ExI chat list <extropy-chat at lists.extropy.org>
> >Subject: Re: Re: [extropy-chat] [SALT] The DEpopulation Problem,this
> >(for forwarding)
> >Date: Thu, 12 Aug 2004 13:48:45 -0700 (PDT)
> >--- Brian Lee <brian_a_lee at hotmail.com> wrote:
> > >
> > > >From: Mike Lorrey <mlorrey at yahoo.com>
> >How do you argue that? The deduction comes off the front end of
> >The more you earn, the less that deduction is worth because it is a
> >decreasing percentage of your income. Ergo, if you are in a higher
> >bracket, any given deduction is worth less UNLESS it happens to drop
> >you into a lower bracket.
> No, any deductions come off your highest percentage first. Tax
> brackets work
> by taxing a certain percentage of your income. For example the
> brackets were (for a single person) in 2001 were:
> Between But Not Over Base Tax + Rate Of the Amount Over
> $0 $6,000 $0 10% $0
> $6000 $26,250 $600 15% $6,000
> $26,250 $63,550 $3,637.50 27% $26,250
> $63,550 $132,600 $13,708.50 30% $63,550
> $132,600 $288,350 $34,423.50 35% $132,600
> $288,350 - - - - - $88,936.00 38.6% $288,350
> So if someone makes 300k and gets a $3000 deduction it is worth 38.6%
> of $3000 or $1158.
> But if someone makes 35000, then the $3000 deduction is worth only
> 27% of $3000 or $810.
Your logical problem here is that $810 is a much greater percentage of
$35k than $1158 is of $300k, and both numbers are significantly less
than the cost of raising each child. If your cost per child is $5k,
that $5k is also a much greater percentage of $35k than of $300k. Since
the $35k guy gets only $810 off his $5k cost of raising his kid, and
the $300k guy gets $1158 off that $5k cost, the richer guy can afford
not only more kids, but can afford to spend more money on each kid.
Chairman, Free Town Land Development
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves."
-William Pitt (1759-1806)
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