[FoRK] New Benefits of Marriage Study Actually Hints at the Horrors of Middle Age
dmorton at bitfurnace.com
Fri Jan 23 07:57:22 PST 2015
Flat tax is great, especially when coupled with an unconditional basic
income - the net effect is progressive taxation
On Fri, Jan 23, 2015 at 9:13 PM, Gregory Alan Bolcer <greg at bolcer.org>
> It's salary capped. In fact, there's a negative spot on the tax curve
> where if your family made slightly more than $125k or $133k combined
> household income, the number of things that are considered tax incentives
> become perverse and there's a strange little loop on the tax income between
> $1 below that threshold and tens of thousands of dollars more where it
> doesn't matter anymore. What a complicated weave we web.
> I'm still a big fan of a flat tax.
> I'm still laughing that people think the only way they can take better
> care of their kids is through an act of congress.
> On 1/23/2015 3:29 AM, Ken Meltsner wrote:
>> There is a mechanism that (effectively) deducts child care costs from
>> your earned income -- the flexible spending account. Not a direct way
>> to do this and it requires that at least one parent work for a
>> business large enough to administer the FSA.
>> It's been more than a decade since we could use this, but IIRC the
>> deduction was limited by the earnings of both parents as well as a
>> yearly cap. That is, the plan would be funded by regular deductions
>> from one spouse's salary, and that amount would not be counted as
>> income if it did not exceed the other spouse's earnings. A single
>> parens, I believe, had the "advantage" that his/her deduction was
>> based on his/her own salary.
>> Ken Meltsner
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