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	<title>Comments on: Charles Farrell From &#8220;Your Money Ratios&#8221; Speaks! Part II</title>
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	<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/</link>
	<description>Slicing Through Money&#039;s Mysteries</description>
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		<title>By: Social Security strategies for married couples</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-9720</link>
		<dc:creator>Social Security strategies for married couples</dc:creator>
		<pubDate>Wed, 23 Jun 2010 12:08:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-9720</guid>
		<description>[...] Social Security benefits are greater when delayed. Because the spousal benefit is dependent on the higher earner’s [...]</description>
		<content:encoded><![CDATA[<p>[...] Social Security benefits are greater when delayed. Because the spousal benefit is dependent on the higher earner’s [...]</p>
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		<title>By: fredct</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5138</link>
		<dc:creator>fredct</dc:creator>
		<pubDate>Mon, 22 Feb 2010 16:17:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5138</guid>
		<description>&lt;a href=&quot;#comment-4978&quot; rel=&quot;nofollow&quot;&gt;@ admin  &lt;/a&gt; 

&lt;strong&gt;17% flat tax on your income is 17%! There is no going around it b/c there are no deductions or shady loop holes!&lt;/strong&gt;

Sorry, Sam, but you still don&#039;t understand what a flat tax is and what it isn&#039;t. I fully agree with you that the most difficult and problematic thing about taxes is all the shady loopholes and deductions. But that has nothing to do with a flat tax!

You could eliminate all those things from the progressive tax system. Or you could still have them in a flat tax. I conceptually agree with seeing them eliminated just like you, but it is *not* the same thing as a flat tax. It a separate concept.

(Btw, practically, eliminating deductions would have serious secondary implications. The biggest one I can think of is it would probably knock 10-25% off the value of people&#039;s homes overnight. Because you&#039;d lose all the tax breaks. Great for home buyers going forward, awful for anyone who already owns a home.)</description>
		<content:encoded><![CDATA[<p><a href="#comment-4978" rel="nofollow">@ admin  </a> </p>
<p><strong>17% flat tax on your income is 17%! There is no going around it b/c there are no deductions or shady loop holes!</strong></p>
<p>Sorry, Sam, but you still don&#8217;t understand what a flat tax is and what it isn&#8217;t. I fully agree with you that the most difficult and problematic thing about taxes is all the shady loopholes and deductions. But that has nothing to do with a flat tax!</p>
<p>You could eliminate all those things from the progressive tax system. Or you could still have them in a flat tax. I conceptually agree with seeing them eliminated just like you, but it is *not* the same thing as a flat tax. It a separate concept.</p>
<p>(Btw, practically, eliminating deductions would have serious secondary implications. The biggest one I can think of is it would probably knock 10-25% off the value of people&#8217;s homes overnight. Because you&#8217;d lose all the tax breaks. Great for home buyers going forward, awful for anyone who already owns a home.)</p>
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		<title>By: fredct</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5136</link>
		<dc:creator>fredct</dc:creator>
		<pubDate>Mon, 22 Feb 2010 16:11:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5136</guid>
		<description>&lt;a href=&quot;#comment-5115&quot; rel=&quot;nofollow&quot;&gt;@ The Genius  &lt;/a&gt; 

Do it in a revenue neutral way that doesn&#039;t punish the people who need it most, and I&#039;d be fine with it.

The upper tax bracket was 40% in the 90s and the economy was roaring. The 35% reduction was always planned to be temporary. You can throw up fear all you want, but reality has already proven that a 40% rate doesn&#039;t impede the economy. I know its inconvenient when reality doesn&#039;t match your ideology, but it&#039;s already occurred.</description>
		<content:encoded><![CDATA[<p><a href="#comment-5115" rel="nofollow">@ The Genius  </a> </p>
<p>Do it in a revenue neutral way that doesn&#8217;t punish the people who need it most, and I&#8217;d be fine with it.</p>
<p>The upper tax bracket was 40% in the 90s and the economy was roaring. The 35% reduction was always planned to be temporary. You can throw up fear all you want, but reality has already proven that a 40% rate doesn&#8217;t impede the economy. I know its inconvenient when reality doesn&#8217;t match your ideology, but it&#8217;s already occurred.</p>
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		<title>By: The Genius</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5115</link>
		<dc:creator>The Genius</dc:creator>
		<pubDate>Mon, 22 Feb 2010 07:28:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5115</guid>
		<description>&lt;a href=&quot;#comment-5049&quot; rel=&quot;nofollow&quot;&gt;@ fredct  &lt;/a&gt; 
That&#039;s correct.  I have zero credibility regarding health care policy, just like you you have no business talking about taxes if you have never been in the higher tax brackets which are being assailed to go higher.  We should just raise your tax bracket to 40%, and see how you feel.
.-= The Genius´s last blog ..&lt;a href=&quot;http://news.harvard.edu/gazette/story/2009/10/lipsitch-catches-the-flu-in-action/&quot; rel=&quot;nofollow&quot;&gt;Marc Lipsitch catches the flu in action&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p><a href="#comment-5049" rel="nofollow">@ fredct  </a><br />
That&#8217;s correct.  I have zero credibility regarding health care policy, just like you you have no business talking about taxes if you have never been in the higher tax brackets which are being assailed to go higher.  We should just raise your tax bracket to 40%, and see how you feel.<br />
.-= The Genius´s last blog ..<a href="http://news.harvard.edu/gazette/story/2009/10/lipsitch-catches-the-flu-in-action/" rel="nofollow">Marc Lipsitch catches the flu in action</a> =-.</p>
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		<title>By: admin</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5054</link>
		<dc:creator>admin</dc:creator>
		<pubDate>Fri, 19 Feb 2010 17:38:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5054</guid>
		<description>&lt;a href=&quot;#comment-5027&quot; rel=&quot;nofollow&quot;&gt;@fredct &lt;/a&gt; 
Can&#039;t say, but the Magic 8 Ball reveals &quot;It can be so.&quot;</description>
		<content:encoded><![CDATA[<p><a href="#comment-5027" rel="nofollow">@fredct </a><br />
Can&#8217;t say, but the Magic 8 Ball reveals &#8220;It can be so.&#8221;</p>
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		<title>By: fredct</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5049</link>
		<dc:creator>fredct</dc:creator>
		<pubDate>Fri, 19 Feb 2010 13:14:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5049</guid>
		<description>&lt;a href=&quot;#comment-5041&quot; rel=&quot;nofollow&quot;&gt;@ The Genius  &lt;/a&gt; 

&quot;Of course I’ve had to pay every single tax bracket.&quot;

Forgive me, but I have to wonder about your wording here. I don&#039;t know you from Adam, so let me dig a bit deeper. Trust, but verify. &quot;Paying every single tax bracket&quot; could simply mean that you&#039;re in the top bracket, and therefore each year a portion of your income is in each. If that&#039;s the case, it was not the question that was asked.

The question that was asked was have you actually *been* *in* each tax bracket. More precisely defined to mean that you&#039;ve worked full time (not part time as a student or anything, not when you were living with your parents and didn&#039;t have to pay expenses... not a time you started your first job late in the year and so only got to a certain level) and your full income for the full year brought you up only to the level of each marginal tax bracket.

Was there a time when you worked full time and made less than the ~$17K married/$8.5K single of taxable income required to be in the 10% bracket? Etc

Lets make sure we&#039;re all being fully disclosing here.


&quot;If you want me to perform open heart surgery on you, even though I know nothing about heart surgery, let me know.&quot;

Of course not, and by your standards, since you haven&#039;t worked in all aspects of the medical profession, I suppose that means that your opinion has no credibility when it comes to healthcare policy either, right?</description>
		<content:encoded><![CDATA[<p><a href="#comment-5041" rel="nofollow">@ The Genius  </a> </p>
<p>&#8220;Of course I’ve had to pay every single tax bracket.&#8221;</p>
<p>Forgive me, but I have to wonder about your wording here. I don&#8217;t know you from Adam, so let me dig a bit deeper. Trust, but verify. &#8220;Paying every single tax bracket&#8221; could simply mean that you&#8217;re in the top bracket, and therefore each year a portion of your income is in each. If that&#8217;s the case, it was not the question that was asked.</p>
<p>The question that was asked was have you actually *been* *in* each tax bracket. More precisely defined to mean that you&#8217;ve worked full time (not part time as a student or anything, not when you were living with your parents and didn&#8217;t have to pay expenses&#8230; not a time you started your first job late in the year and so only got to a certain level) and your full income for the full year brought you up only to the level of each marginal tax bracket.</p>
<p>Was there a time when you worked full time and made less than the ~$17K married/$8.5K single of taxable income required to be in the 10% bracket? Etc</p>
<p>Lets make sure we&#8217;re all being fully disclosing here.</p>
<p>&#8220;If you want me to perform open heart surgery on you, even though I know nothing about heart surgery, let me know.&#8221;</p>
<p>Of course not, and by your standards, since you haven&#8217;t worked in all aspects of the medical profession, I suppose that means that your opinion has no credibility when it comes to healthcare policy either, right?</p>
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		<title>By: The Genius</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5041</link>
		<dc:creator>The Genius</dc:creator>
		<pubDate>Fri, 19 Feb 2010 03:37:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5041</guid>
		<description>&lt;a href=&quot;#comment-5027&quot; rel=&quot;nofollow&quot;&gt;@ fredct  &lt;/a&gt; 
Of course I&#039;ve had to pay every single tax bracket.  I wouldn&#039;t be sharing my opinion on the detriment of raising the highest top tax bracket to 40% if I didn&#039;t.  At your income level, you know very little about the psychology of making over $380,000, so don&#039;t pretend you do.

If you want me to perform open heart surgery on you, even though I know nothing about heart surgery, let me know.  

&lt;a href=&quot;#comment-5030&quot; rel=&quot;nofollow&quot;&gt;@ Edwin  &lt;/a&gt; 
You&#039;re right, I don&#039;t have any credibility when it comes to determining prison sentences, b/c I have neither gone to prison, nor studied criminal law.  Well done.</description>
		<content:encoded><![CDATA[<p><a href="#comment-5027" rel="nofollow">@ fredct  </a><br />
Of course I&#8217;ve had to pay every single tax bracket.  I wouldn&#8217;t be sharing my opinion on the detriment of raising the highest top tax bracket to 40% if I didn&#8217;t.  At your income level, you know very little about the psychology of making over $380,000, so don&#8217;t pretend you do.</p>
<p>If you want me to perform open heart surgery on you, even though I know nothing about heart surgery, let me know.  </p>
<p><a href="#comment-5030" rel="nofollow">@ Edwin  </a><br />
You&#8217;re right, I don&#8217;t have any credibility when it comes to determining prison sentences, b/c I have neither gone to prison, nor studied criminal law.  Well done.</p>
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		<title>By: fredct</title>
		<link>http://www.financialsamurai.com/2010/02/17/charles-farrell-from-your-money-ratios-speaks-part-ii/comment-page-1/#comment-5031</link>
		<dc:creator>fredct</dc:creator>
		<pubDate>Thu, 18 Feb 2010 22:20:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.financialsamurai.com/?p=5793#comment-5031</guid>
		<description>&lt;a href=&quot;#comment-5030&quot; rel=&quot;nofollow&quot;&gt;@ Edwin  &lt;/a&gt; 
Ha, good call Edwin.

Yeah, lets take this to its logical conclusion. Unless you&#039;ve been in prison you have no dredibility in crime policy. Unless you&#039;ve been homeless you have no credibility in social programs. Unless you&#039;ve been a single parent trying to feed 2 kids on minimum wage, you have no credibility in food stamp policy. Unless you&#039;ve been a four star general, you have no credibility in foreign policy.

Yeah, lets let everyone have exclusive say in the areas that most impact their special interests. That&#039;d be a great way to run it.</description>
		<content:encoded><![CDATA[<p><a href="#comment-5030" rel="nofollow">@ Edwin  </a><br />
Ha, good call Edwin.</p>
<p>Yeah, lets take this to its logical conclusion. Unless you&#8217;ve been in prison you have no dredibility in crime policy. Unless you&#8217;ve been homeless you have no credibility in social programs. Unless you&#8217;ve been a single parent trying to feed 2 kids on minimum wage, you have no credibility in food stamp policy. Unless you&#8217;ve been a four star general, you have no credibility in foreign policy.</p>
<p>Yeah, lets let everyone have exclusive say in the areas that most impact their special interests. That&#8217;d be a great way to run it.</p>
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