Federal Reserve Bank of Atlanta research shows how
a small gain in income can actually cost poor people a bunch.
https://finance.yahoo.com/news/tax-burden-equal-70-rate-090000602.html

On 2020-10-15 at 15:19:02 MDT, "Dean Hoffman" wrote:

Federal Reserve Bank of Atlanta research shows how
a small gain in income can actually cost poor people a bunch.
https://finance.yahoo.com/news/tax-burden-equal-70-rate-090000602.html

This problem, of benefit phase-outs creating high effective marginal tax rates
for recipients, has been talked about for at least 50 years. It is an unwanted
feature of means-tested benefits programs that (AFAIK) no one has figured out
how to avoid. Programs that are not means-tested, such as Universal Basic
Income (UBI), may avoid that specific problem, but also create disincentives
for people to provide for their own basic needs.

On Fri, 16 Oct 2020 16:02:38 -0500, Dean Hoffman
wrote:

"In 1960, about 25% of the federal budget was payments to individuals.
Today, it is 70%."

More than half of that is SS, Medicare and the various federal
pensions (AKA entitlements)

On Sat, 17 Oct 2020 14:41:15 +1100, %%, better known as cantankerous
trolling senile geezer Rodent Speed, wrote:

FLUSH the trolling senile asshole's latest troll**** unread

Amazing what the posters in this group get for regularly feeding a deranged
senile asshole and troll like you, you abnormal 86-year-old trolling senile
pest! BG

--
Marland answering senile Rodent's statement, "I don't leak":
"That¢s because so much **** and ****e emanates from your gob that there is
nothing left to exit normally, your arsehole has clammed shut through disuse
and the end of prick is only clear because you are such a ******."
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