dividend tax rate?

Discussion in 'Economy' started by Freeman, Sep 30, 2009.

  1. Freeman
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    Freeman VIP Member

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    In 2003; Bush admin have signed a law that decreased the tax-dividend from 35% to 15%..

    it seems that it will last until 2010- do you agree rising this tax-rate again in its original value?
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    For people making over $30,000 a year, all income should be taxed at a 50% rate.

    There, that was simple.
     
  3. Freeman
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    Freeman VIP Member

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    50% is very abusive!; to bypass the crisis, lowering taxes should be continue at least 3 yeas more.
     
  4. chanel
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    chanel Silver Member

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    I'm no economist but I would venture a guess that higher taxes would be a disincentive to invest. But maybe that's what they want????
     
  5. midcan5
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    midcan5 liberal / progressive

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    I hope he meant 300K as 30 is poverty today. But I agree taxes should return to their original levels as reducing them sure as heck hasn't accomplished a darned thing.

    Firedoglake » Newsflash: Ronald Reagan Raised Taxes (You Idiots)

    Hale "Bonddad" Stewart: Ronald Reagan: Fiscal Disaster
     
  6. midcan5
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    midcan5 liberal / progressive

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    "There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent. During this period, the general tax rate climbed as well, but it reached a plateau in 1969, and growth slowed down five years later. Almost all rich nations have higher general taxes than the U.S., and they are growing faster as well."

    Tax cuts spur economic growth
    The Idolatry of Ideology-Why Tax Cuts Hurt the Economy by Russ Beaton

    "I’m fully aware that I risk excommunication from the Church of Economic Science when I argue exactly the opposite: Tax cuts actually hurt the economy. It isn’t just that they don’t help, or that they’re ineffective—THEY REALLY HURT!

    I can hear you thinking (even if your values bias makes you otherwise eager to agree): “Here comes the bleeding heart liberal, anti-trickle down, do something for humanity mantra.” No, indeed. I’m talking data here—numbers and empirical evidence. Check your values at the door and come on in."
     
    Last edited: Oct 1, 2009
  7. Oddball
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    Oddball BANNED Supporting Member

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    No.

    All taxes on incomes should be abolished altogether.
     
  8. Rozman
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    Rozman Gold Member Supporting Member

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    I don't think he made a mistake.Most liberals hate people that have money unless you're
    Nancy Pelosi,Joe Biden,Ed Shultz,Rachel Maddow,Keith Olberman you know that whole crew from MSNBC....The All Good News all the time Obama network.
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    Nope, I ment $30,000. The first $30,000 that a person makes should be tax free and all above that should be taxed at fifty percent. That fifty percent would apply to everybody making more than $30,000.
     
  10. Neubarth
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    Neubarth At the Ballpark July 30th

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    Then how do you propose paying off the national debt which doubled when Dubya was president?
     

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