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Tax code. for poor folks earned income tax credit or richer folks, first time home buyer tax credit, part of the stimulus as i remember, both wipe out your tax liability instead of the government simply sending you a check, what happens it s calculated on your taxes if you owed 5,000 bucks, the new home buyers tax credit is 8,000, the government wipe the out your 5,000 and gives you 3,000. not zero effective income taxes. if you have a problem your problem is with the new home buyers tax credit, not the tax code. the political impact they re going for there is if you feel like you re paying taxes you are in the minority and everybody else is free loading off of you. that s obviously the sort of political impact there. isn t there also sort of a little political paradox here with these anti-tax crowds railing about americans paying too little in tax? there s a bit of that. one place you saw is i think was a cbs very the new york times ....

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