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View Diary: Socialism — what it isn’t (117 comments)

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    Just to get technical as an economist.  Most people think the tax burden that one has is whatever the taxes they pay.  If you think the burden as how much less you are able to buy as a result of the tax policy, you will see the tax burden more clearly.
    I would modify this slightly: it's not just how much less you -could- buy, but how much less you -would- buy.

    10% tax on a $15K income?  MASSIVE TAX BURDEN.  You're literally taking food or medicine out of people's mouths, clothes off their back.

    100% tax on all income over, say, $100mil?  VIRTUALLY NO TAX BURDEN.  Almost none of the people with incomes that would hit that point spend anywhere near their income.

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