[Rhodes22-list] Reduce your federal income tax (political humor)
DCLewis1 at aol.com
DCLewis1 at aol.com
Thu Jul 6 23:57:48 EDT 2006
Brad,
If my responses seem late it’s because I'm trying to limit my time on this
board. This board could tie up my whole day every day.
I don't think Bill, I, or anyone is trying to defend Mr Dunavent, or
whoever. There are abusers for any legislation - he may be one. I'd agree that some
farm subsidies need serious adjustment. There was a series of articles in
The Washington Post last week to the effect that some farm land that was
subsequently used for houses by developers still qualified for farm subsidies -
because the land was once farm land. Homeowners in Texas had bought their
new houses, built on 4 acres of land, and qualified for farm subsidies. No
way the homeowners intended to farm that land, the home owners that were
interviewed were embarrassed to get the $. So we agree, there are problems.
But one result of the data you posted is my realization that farm subsidies
may not be a BIG problem. For example, the top 6 "rich" Wisconsin farmers
you identified for Rummey together netted less than $3M, as I recall - that's
not a lot of $ for the whole state of Wisconsin. In fact, your $53/person
calculation makes me think there are much bigger national problems to be
addressed. I don't know how big your household is, whatever it is multiply that
number by $53, now what fraction of your federal income tax does that
represent? Pretty small, huh? And really just relating it to your household income
tax, as opposed to adding in business tax revenues, etc, that you generate
maximizes the impact of those subsidies - it’s really not big number. Still, I
completely agree, farm subsidies and their abuse are issues that should be
addressed and the laws should be tweaked as appropriate - the realization that
it's not a lot of $ is not a justification for wasting it.
Dave
More information about the Rhodes22-list
mailing list