I love a good historical example, but I'm not terribly convinced by this @taxjustice piece holding up classical Athens as an exemplar of progressive taxation embraced by the wealthy, and don't know how you'd distinguish it from, say, all of feudalism. 1/
The basic premise here is that the wealthiest Athenians paid a wealth tax to fund military and religious expenses, and that they took pride in these duties, in contrast to today's wealthy. I'm skeptical on a number of points. 2/
I'm not qualified to adjudicate historians' disputes on these taxes, but most think the eisphora, while sometimes progressive, applied to all landowners, rich and poor. All agree it was low, only imposed during war, and was actually a property tax.
The other claim is the requirement of leading citizens to command triremes and fund militias, which is true enough, but also applies to, like, every feudal power. Did royal benevolences, carucage, and the requirement that lords equip armies make medieval Europe progressive? 4/
In Athens, medieval Europe, and other places with such systems, the income of estates derived substantially from the labor of lesser vassals, serfs, or outright slaves. That the landowner remitted some of the tax didn't make it an era of cheerful progressive taxation. 5/
The other part, on early America, hinges on one vague quote from a Washington letter on religious toleration which references, generically, citizens' obligations to support their country (contrasted here with obligations to support the dominant religion). 6/
Again, I love learning more about taxation in earlier eras, but color me unconvinced that either Athens or the early American republic featured stronger affinity for progressive taxation than we see today. 7/7
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This has struck a chord, and I've seen lots of questions about what happens next. (No, you cannot establish yourself as the official government of Hartford County, sorry.) THREAD. 1/
This is a genuine mess, and the solutions will be imperfect at best. For nonfunctional counties, Treasury will most likely allocate the money to the states for distribution to localities within the county on a per capita basis. But this raises issues. 2/
Governments must certify to receive the funding; does this funding have to be claimed as well, or will Treasury just send it with instructions? And if states allocate it, who is responsible if it's misspent? Does it get recouped from state or locality? 3/
A benefit that (combined with state regular UC) gets most people to about 95% salary replacement through September seems better than one that gets most >100% but expires sooner. But exempting the first $10,200 from tax creates problems. Short thread.
(1) Many people have already filed and will have to file amended returns. Making benefits available as long as needed seems way more important than this complicated retroactive provision, which requires changing tax forms or instructions.
(2) Thirty-five states tax UC and will get about $13B from that this year. Most follow the feds on this, so the exemption will affect them as well. It lowers revenue -- and again, amended return issues, and states have to change their systems very late in the process.
Almost half the states saw revenue increases during the pandemic. Typically not as high as projected, but sometimes exceeding projections. Losses frequently way less than aid. So what do you spend it on if you didn't lose much revenue? Lots and lots of rural broadband? 2/
I understand Congress not wanting states to turn this into tax cuts (though if you give states money they don't need...), but what about states already planning a tax cut? Surely Congress can't ban state tax cuts through 2024. There could be some interesting adjudication. 3/
The initial PIT reductions only applies to wage, salary, retirement, and unemployment income, not business income, investment income, farm income, etc. If the goal is economic growth, no relief for small businesses or entrepreneurs is surprising (and nonneutral).
2/
In fact, small business owners would face higher taxation, not only still facing current PIT rates, but paying a higher sales tax that now applies to business purchases (legal, accounting, advertising, data processing, other professional services).
3/
While it's true that the coronavirus relief bill doesn't have anything designated as state and local aid, there's actually about $127 billion in there that can shore up state budgets -- which, remember, were down only $37 billion total through the end of September. 1/
The $82B in additional education grants and $45B for transportation projects has to be spent on education and transportation, but it's not contingent on states maintaining their own spending levels. They can use that federal infusion to redirect their own revenues. 2/
This is the primary way the federal government provided aid to state governments during the Great Recession -- by upping its contribution to Medicaid, education, and transportation, freeing up state dollars for other uses (including backfilling budgets). 3/
- Biden outlines essentially a natural law viewpoint, with courts to uphold God-given rights prior to and above written law
- He seems to situate abortion within these God-given rights
- But he believes abortion is against God's will
Here he spells out something that looks pretty similar to a natural law philosophy. He just says "natural rights" but emphasizes that they're God-given and believes them prior to and above human law, but enforceable by human courts:
Biden seems to situate abortion within this natural rights / natural law framework: