Reply #42: Um, what about the word CREDIT don't you understand?

[wuushew]

Most people, poor or otherwise DO pay taxes on earned income. My proposal realizes this and sets the tax credit equal to the average tax at the lowest bracket.

Here is the 2006 Federal Tax schedule rates

http://www.irs.gov/formspubs/article/0,,id=150856,00.html


The only legitimate criticisms would fall into three categories:


(A) Cash flow issues which can be addressed by the changing the start or frequency of the federal gas credit.

(B) The impact on on impoverished disabled or elderly tax payers; In non-urban areas where public transit is not prevalent, subsides for taxi services should be increased to offset those priced out of car ownership.

(C) Illegal workers would be hit by the increased regressivness, but this could be addressed with other issues in the guest worker/amensty debate.


What methods to you propose other than increased CAFE standards to improve fuel efficiency?