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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. drew‏ @drewg__ 13 Aug 2020

      drew Retweeted Samuel Hammond  🌐 🏛

      It's not a flat tax at all!! It's hyper regressive and phases out to 0% once you get far out enough past the cap on payroll tax eligible income. If you look at effective rates, the cap actually causes your effective tax rate to *decline* the richer you get at certain incomeshttps://twitter.com/hamandcheese/status/1294006649888419842 …

      drew added,

      Samuel Hammond  🌐 🏛 @hamandcheese
      The payroll tax is in essence an efficiently administered flat tax. Broad base, lots of revenue, low avoidance/evasion, minimal deadweight loss, automatically withheld. Truly one of, if not the best tax in the USA.
      Show this thread
      1 reply 0 retweets 1 like
      Show this thread
      drew‏ @drewg__ 13 Aug 2020

      drew Retweeted James Medlock

      @jdcmedlock right as always on thishttps://twitter.com/jdcmedlock/status/1294015398631731200?s=19 …

      drew added,

      James Medlock @jdcmedlock
      We should eliminate the cap, and new payroll tax hikes should go entirely on the employer-side https://twitter.com/jdcmedlock/status/1291490870072496129 …
      Show this thread
      2:11 PM - 13 Aug 2020 from Ithaca, NY
      • 1 Like
      • Kieran Hanrahan
      0 replies 0 retweets 1 like

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