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Started By
Message
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Posted on 2/17/17 at 11:24 am
Posted on 2/17/17 at 11:24 am
(no message)
This post was edited on 9/18/22 at 3:39 pm
21
Posted on 2/17/17 at 11:25 am to cahoots
quote:
Lowering corporate taxes seems reasonable. We can attract a greater share of international commerce with more competitive taxes.
You can't compete with zero.
Posted on 2/17/17 at 11:26 am to cahoots
quote:
I think it bears the least fruit
If this is your yardstick, then steal all the money from the "rich" and boom problem solved
Posted on 2/17/17 at 11:26 am to cahoots
No way you commie.
Trickle down
Maga
Winning
Trickle down
Maga
Winning
Posted on 2/17/17 at 11:27 am to jamboybarry
quote:
If this is your yardstick, then steal all the money from the "rich" and boom problem solved
that's not what he's saying
and ftr, I'm far from a sjw against the "1%"
Posted on 2/17/17 at 11:28 am to jamboybarry
One of the charms of the Poliboard is how y'all can take the most innocuous statements and make them seem like Marx on steroids but you didn't come close to capturing his premise. 
You basically invented an argument to refute out of thin air. My compliments.
You basically invented an argument to refute out of thin air. My compliments.
This post was edited on 2/17/17 at 11:30 am
Posted on 2/17/17 at 11:29 am to cahoots
Just an FYI - the "poor" in this country do not pay income tax. In fact they are paid the earned income tax credit.
Posted on 2/17/17 at 11:30 am to Walking the Earth
Eh so maybe I french fried when I should have pizza'd but regressive taxes are the worst
Posted on 2/17/17 at 11:30 am to Walking the Earth
quote:
You basically invented an argument to refute out of thin air. My compliments.
Red herring is always on the menu at the Poliboard Cafe
Posted on 2/17/17 at 11:33 am to jamboybarry
On a related note, I'm about ready for lunch.
Posted on 2/17/17 at 11:33 am to cahoots
quote:
Reducing income taxes on the wealthy has benefits too, but I think it bears the least fruit. A lot of those tax savings are going to be invested, but do we really have a severe capital problem?
Taxing the wealthy also bears the least fruit. There are not enough of them to make a huge dent. Reduce taxes for EVERYBODY, preferably a simple flat rate. A tax on production is the stupidest idea to come out of the liberal mindset... unless the goal was to cement those who don't need income in a higher echelon than everybody else that does...............Hmm.
Posted on 2/17/17 at 11:34 am to cahoots
I find it amusing that everybody is for taxes on the wealthy - primarily because they're not wealthy and presume they never will be. But when an O&G company plunks down a big-time producing well on their formerly worthless property, watch their story change. 
Posted on 2/17/17 at 11:46 am to tigerpawl
quote:
I find it amusing that everybody is for taxes on the wealthy - primarily because they're not wealthy and presume they never will be. But when an O&G company plunks down a big-time producing well on their formerly worthless property, watch their story change.
1. I'm not "for" taxing the wealthy. I just think we should prioritize tax cuts for corporations and middle/lower income earners.
2. I'm not THAT far away from the upper bracket
Posted on 2/17/17 at 11:58 am to cahoots
It's not an either/or.
EVERYBODY should pay taxes. EVERYBODY should feel the pain and question whether a given expenditure is worth the taxes they pay. "Free" is treated as "free". Don't tell me that this is not fair to people with little disposable income. The market will adjust to it.
I am not saying they should pay the same percentage as the highest earners. I am not enough up to speed to comment on a truly flat tax. It sounds good, but I would want to study it more.
That being said, I believe adding a few percentage points on those making over a certain amount (at least $1 million) is something to consider. I realize they already pay a HUGE percentage of the taxes, but it is also a fact that the concentration of income at these high levels is unprecedented. People need to step away from the knee-jerk, 3rd rail approach to this. People who make 10% of this will rail against it because it is in the GOP handbook. Never mind that it will not affect them directly.
I do not say this because I like "tax and spend" government. I hate it. But right now, we have "spend and spend", but nobody is doing a damn thing about it.
In any case, I would like EVERYBODY to start to have to pay more in order to balance the budget every year. We have a year where there is a deficit, adjust taxes ON ALL PEOPLE to make up for it. Only then will people feel the pain enough to actually do something about the out of control spending.
HW lost an election because of it, but he was right to raise taxes when he did. You can't just keep spending, and the only way there will be enough impetus to reduce it is when the pain of taxes is felt by everybody.
Fire away.
EVERYBODY should pay taxes. EVERYBODY should feel the pain and question whether a given expenditure is worth the taxes they pay. "Free" is treated as "free". Don't tell me that this is not fair to people with little disposable income. The market will adjust to it.
I am not saying they should pay the same percentage as the highest earners. I am not enough up to speed to comment on a truly flat tax. It sounds good, but I would want to study it more.
That being said, I believe adding a few percentage points on those making over a certain amount (at least $1 million) is something to consider. I realize they already pay a HUGE percentage of the taxes, but it is also a fact that the concentration of income at these high levels is unprecedented. People need to step away from the knee-jerk, 3rd rail approach to this. People who make 10% of this will rail against it because it is in the GOP handbook. Never mind that it will not affect them directly.
I do not say this because I like "tax and spend" government. I hate it. But right now, we have "spend and spend", but nobody is doing a damn thing about it.
In any case, I would like EVERYBODY to start to have to pay more in order to balance the budget every year. We have a year where there is a deficit, adjust taxes ON ALL PEOPLE to make up for it. Only then will people feel the pain enough to actually do something about the out of control spending.
HW lost an election because of it, but he was right to raise taxes when he did. You can't just keep spending, and the only way there will be enough impetus to reduce it is when the pain of taxes is felt by everybody.
Fire away.
Posted on 2/17/17 at 12:12 pm to cahoots
quote:
Reducing income taxes on the wealthy has benefits too, but I think it bears the least fruit. A lot of those tax savings are going to be invested, but do we really have a severe capital problem?
Not wrong in and of itself with your general statement. But can you think of a point where you say, "hmmm, that seems disproportionate."
What % of the tax burden should the wealthy bear? Answer that question.
Then go look up how much they do bear and get back to us.
Posted on 2/17/17 at 12:12 pm to cahoots
quote:
Lowering personal income taxes also makes sense when you're talking about the poor and middle class.
How do you lower taxes which are negative?
Posted on 2/17/17 at 12:16 pm to tigerpawl
Did you know that the truly wealthy tend to pay a much lower effective tax rate than the middle class?
This post was edited on 2/17/17 at 12:17 pm
Posted on 2/17/17 at 12:18 pm to BigJim
Did you know that the high level of income disparity in this country has a lot to do with the difference in tax burden?
Posted on 2/17/17 at 12:27 pm to BigJim
quote:
What % of the tax burden should the wealthy bear? Answer that question.
Then go look up how much they do bear and get back to us.
The wealthy are going to bear a large share of the tax burden, even under a flat tax system. When you break things down to effective tax rates, the disparity in rates is considerably smaller.
For example, my effect tax rate is in the neighborhood of 20% of AGI. The top 1% is at 22%. I drive an Accord. They have private jets.
This post was edited on 2/17/17 at 12:28 pm
Posted on 2/17/17 at 12:29 pm to Peazey
quote:
Did you know that the truly wealthy tend to pay a much lower effective tax rate than the middle class?
Unless you're defining the "truly wealthy" as the top 200 or so earners, you are utterly incorrect.
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