Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan | Page 6 | TigerDroppings.com

Posted byMessage
RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
24797 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

By the way, I just noticed what you linked is from the Tax Foundation which is full on GOP and does not try to disguise that they are a total advocate of the GOP and the GOP only.

They are not an objective source.

However, there writings may make some legitimate point so I will read it analytically


Honestly had no idea. They have a ton of articles on there so I have a feeling you can find a less partisan one.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


This quote from your article proves my point about economic decisions trumping tax ones:

quote:

quote:

The data clearly show that the overall economy is the single biggest factor in capital-gains realizations and revenue.
But the data also show that time and again revenue has multiplied despite a lower rate, and arguably because of it.


However the article makes some good points about behavior modification. I'll have to read it more closely later. One flaw I will point out though is with the rate constantly moving up and down, it makes analysis that much more difficult since short term changes in behavior scew the data because people eventually do sell and realize cap gains and loses regardless.






Back to top
  Replies (0)
Willie Stroker
LSU Fan
Houston...ish
Member since Sep 2008
4512 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

. Take the word of the Brookings Institute unless it is not good enough for you.


So you'd be ok with conservatives citing the Heritage Foundation as their source of proper guidance?






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Yeah, pretty much..

Go to election analysis then the subgroup of blog posts. Won't take long to reach that conclusion. Just scan the titles of the posts on the first page and I think you will tend to agree.

Anyway, that does not mean they do not make some good points and provide good info at times. They just have an agenda they try to promote and it is aligned with the GOP as it is currently comprised.



This post was edited on 10/8 at 8:38 pm


Back to top
  Replies (0)
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

So you'd be ok with conservatives citing the Heritage Foundation as their source of proper guidance?


I don't think they are too subjective. Not that familiar with them, so you would need to link me and I can decide for myself.

I can provide as many different sources as you like regarding the BTCs and zero will say the had a net positive tax effect or paid for themselves no matter how conservative they are.

Even the Tax Foundation states they did not pay for themselves and hence added to the debt and deficit.



This post was edited on 10/8 at 8:41 pm


Back to top
  Replies (0)
CptBengal
USA Fan
BR Baby
Member since Dec 2007
40911 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Every heard the old axiom, "Don't let a tax decision change an economic decision".


Once again, you assume they have no choice BUT to pay the tax. History and reality say you're wrong.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Once again, you assume they have no choice BUT to pay the tax. History and reality say you're wrong.


In the context of stocks, if they sell it, they will pay the tax.






Back to top
Roaad
LSU Fan
Bushrod Owns
Member since Aug 2006
52747 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

I would vote for Romney in a heartbeat if he had


That's funny stuff.

You would vote for Obama if he murdered your entire family.






Back to top
Roaad
LSU Fan
Bushrod Owns
Member since Aug 2006
52747 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Didn't you say Obama won the first debate on substance?


Yes.

Yes he did.







Back to top
  Replies (0)
RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
24797 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Here is another one I found that seems less bias. It is done by professors across the country

LINK

By: R. Glenn Hubbard (Columbia University), N. Gregory Mankiw (Harvard University), John B. Taylor (Stanford University), and Kevin A. Hassett (AEI)







Back to top
DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


You a cpa or a tax attorney? I ask because you seem to grasp the concepts...but your analysis leaves something to be desired.





Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


You are wrong.

I am not offended however. I understand the mind set here.

FYI, I was pro Bush 1 over Clinton (too young to vote) and pro Bush II twice. And pro no one last election.

And this election I currently do not even plan to vote. You believe that? It doesn't matter it is the truth.

I'll keep saying it, I think people on this board take and defend a position simply because it is the position of their political side and they want it to be right. Then they will look for reasons and sources to support it and nothing else.






Back to top
  Replies (0)
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

You a cpa or a tax attorney? I ask because you seem to grasp the concepts...but your analysis leaves something to be desired.


Well, at least I get partial credit for something. Doesn't happen often around here for me.

And yeah, I answered that a page back (or two)..






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Here is another one I found that seems less bias. It is done by professors across the country


Ok, I promise I will read. I'm about done for the night though. Time to watch a movie and netflix and relax.






Back to top
  Replies (0)
CptBengal
USA Fan
BR Baby
Member since Dec 2007
40911 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

In the context of stocks,


Stocks are merely one vehicle subject to cap gains...and surely someone with your claimed credentials understands how rational actors will move to vehicles they can shield.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
36123 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

rational actors will move to vehicles they can shield.


Of course I help them do it (legally). All year long and I just finished helping a US person expand to Thailand and have another company going to Mexico waiting on me to advise them of how to do it and another in Ecuador restructuring in a certain tax haven.

It is a complex issue. I think the article and chart was focusing on stocks though.



This post was edited on 10/8 at 9:01 pm


Back to top
  Replies (0)
DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Fair enough. I only read the first page. Any argument I have with your analysis has probably already been covered. But save me the work, cpa or tax attorney? I have a jd and an llm in international taxation...but I don't and have never practiced. Just happy to see another tax afficianado on the board. Even if we disagree.





Back to top
  Replies (0)


Back to top