[GCFL-discuss] Axioms

Thu Mar 4 09:14:19 CST 2010

While the axiom seems to be flawed, there actually is some truth to it.
Firstly, between federal, state and local, the marginal rates could
total above 100%.  Secondly, if the change in your bracket takes you to
a category where deductions and exemptions get prorated, that shift
could go over 100%.  Thirdly, before computer tax programs became so
ubiquitous, the fed sent out tax tables with $50 increments.  lets say
that at $20000, the marginal tax rate is 10%. if a person's income jumps
from 19999 to 20001, a $2 increase, his tax will go up $5, 10% of $50.
Finally, if a person receives certain benefits, such as food stamps,
medicaid, college scholarships, rent assistance (section 8), etc., a
small increase in on-the-books income could cost him some or all of
these benefits.  the tax may not literally be over 100%, but it sure
will feel like it.

This last is what causes people on the dole to stay there.  An unskilled
job cannot possibly bring in as much income as would be lost from food
stamps, medicaid, etc.

Some years ago, i sued my insurance company and an arbitration hearing
was being held.  as i waited for my turn, i was surrounded by a bunch of
lawyers who knew each other professionally.  some had 6 or 7 digit
salaries while one went into legal aid.  his salary was so much less
than the others, but when they factored in scholarships and such, they
weren't that far apart.

greenBubble 

________________________________

Subject: Re: [GCFL-discuss] Axioms

That's so much BS that they do that Insufficient Funds charge, it's so
dirty... oh well, we call that capitalism.

Thanks to my college experience I know how to live on very little ...
sadly that means being stuck in the apartment doing nothing but computer
games and looking for work. Sucks, but I'm not spending money.

~Lance

On Wed, Mar 3, 2010 at 7:47 PM, Discussion of the Good, Clean Funnies
List <gcfl-discuss at gcfl.net> wrote:

	I guess I am more gullible than I realized.  I assumed that was
a true
	statement without question.  What made you decide to test it?
	I sent my math whiz friend your statement and figures.  I await
his reply...
	Not, of course, that I don't have faith in your reasoning
abilities.
	Respectfully, Jeanene

	I am distressed to learn of your and Lance's financial status.
(How do you
	grammatically say the previous sentence?  The "you/r and Lance"
part.  No
	matter how many times I say it aloud, it sounds WRONG.)  I have
three
	friends who are working for the census.  I hope and pray you get
that job,
	Lance.  Are you interested in working for the census, Siarlys?
We are in
	sad shape financially, but we still have food in the fridge, the
deep freeze
	and the pantry, so I really have no place to complain.  I would
like it if
	our bank 'autopays' could be put "on hold" until we have money
in the bank
	as the insufficient funds charges of $37 for each transaction
are pulling us
	farther and farther under.  How does charging us allow us to
catch up?
	sigh.
	Jeanene

	-----Original Message-----
	To: Red
	Subject: [GCFL-discuss] Axioms

	Kaufman's Axiom is funny, but

	The Salary Axiom was prepared by someone who can't do math.

	There is no such thing as a pay raise which costs more, by
moving you
	into a higher tax bracket, than the amount of the raise.

	The higher percentage applies only to the money OVER the lower
limit for
	the bracket, and it is always less than 100%.

	E.g.

	10% of $10,000

	+

	15% of income over $10,000 but less than $50,000

	+

	25% of income over $50,00.

	If you made $45,000 before and $55,000 after,

	$1000 + $5250 = $6250 leaving you $38,750.

	changes to

	$1000 + $6000 + $1250 = $8250 leaving you $46, 750.

	I can always use an extra $6000, even if Uncle Sam has already
taken
	$2000.

	I'm not sure I'm going to make $6000 this entire year.

	Siarlys

	_______________________________________________

	GCFL-discuss mailing list
	GCFL-discuss at gcfl.net
	http://gcfl.net/mailman/listinfo/gcfl-discuss

-- 
No animals were harmed in the sending of this message.
However, a few million electrons were extremely inconvenienced...

----------------------------------------------------------------------------
This message and any included attachments are from Siemens Medical Solutions 
and are intended only for the addressee(s). 
The information contained herein may include trade secrets or privileged or 
otherwise confidential information. Unauthorized review, forwarding, printing, 
copying, distributing, or using such information is strictly prohibited and may 
be unlawful. If you received this message in error, or have reason to believe 
you are not authorized to receive it, please promptly delete this message and 
notify the sender by e-mail with a copy to Central.SecurityOffice at siemens.com 

Thank you
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://gcfl.net/pipermail/gcfl-discuss/attachments/20100304/7a4f4f29/attachment.html>