Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

Taxation by the numbers
Washington Times ^ | Friday, December 20, 2002 | Walter Williams

Posted on 12/19/2002 11:20:18 PM PST by JohnHuang2

Edited on 07/12/2004 3:59:44 PM PDT by Jim Robinson. [history]

We need government, and that means taxes. But when we think about government spending, and the taxes needed to finance its spending, we should also think of the effects of taxation.

Suppose I hire you to repair my computer. The job is worth $200 to me, and doing the job is worth $200 to you. The transaction will occur because we have a meeting of the mind. Now suppose there's the imposition of a 30 percent income tax on you. That means you won't receive $200 but instead $140. You might say the heck with working for me ? spending the day with your family is worth more than $140.

(Excerpt) Read more at ...

TOPICS: Editorial; News/Current Events
KEYWORDS: businesseconomics; businesseconomy; taxreform; walter; walterwilliamslist; williams
Friday, December 20, 2002

Quote of the Day by demosthenes by KeyWest

1 posted on 12/19/2002 11:20:18 PM PST by JohnHuang2
[ Post Reply | Private Reply | View Replies]

To: *Walter Williams list; *Taxreform
2 posted on 12/19/2002 11:22:37 PM PST by The Obstinate Insomniac
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Obstinate Insomniac; JohnHuang2
This is a great article by Mr. Williams. I'm going to consider this his Christmas (OK, Holiday) gift to us all. It is a concise and easy to follow explanation of how taxation stifles the economy. Even a democrat could understand it. The article should be required reading in every high school civics class in the nation.

PS I saw this first in the Washington Times and checked to see if it was posted on FR. I found other Williams pieces via keyword search but not this one. I'm afraid my first attempt at adding keywords left out the slashes in some. My apologies. Can anyone freepmail me instructions to newbies? I'd appreciate it! Merry Happy

3 posted on 12/20/2002 4:47:49 PM PST by NonValueAdded
[ Post Reply | Private Reply | To 2 | View Replies]

To: NonValueAdded
*Walter Williams List
Set your preferences to thread pagnation 250 and you can view a whole lot of old articles by Walter Williams

Or check out the other lists.

4 posted on 12/20/2002 5:03:47 PM PST by Libertarianize the GOP
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson