Ifyou think raising taxs will bring in more money than this thread is for you.

You can watch the whole video or cut to time frame 3:49 Charlie Gibson asked obama in the 2008 democratic debat. "why raise taxes when lower taxes brings in more money" Or something like that.


http://www.youtube.com/watch?v=akLlxxWaJZM&feature=related

"Taking from the rich through much higher tax rates in order to help the poor and middle class makes no sense intellectually and has seldom worked in practice. Reducing rates, on the other hand, does increase the share of taxes paid by the highest income-earning group. For example, in 1981, when the highest tax rate on the rich was 70% and the top capital gains tax rate was close to 45%, the richest 1% of Americans paid 17% of total income taxes. In 2005, with a top income tax rate of 35% and capital gains at 15%, the richest 1% of Americans paid 39%."
New Evidence on Taxes and Income
By ARTHUR B. LAFFER and STEPHEN MOORE
September 15, 2008; Page A23 http://online.wsj.com/public/article_print/SB122143692536934297.html


We need to relearn the lessons of the 1990s, when tax cuts helped ignite growth. Take the Giuliani administration’s elimination, in 2000, of the tax on clothing purchases under $110. The next year, employment at city stores that sold clothing jumped by 7,000 jobs—and collections from the sales tax actually increased by $52 million, as more New Yorkers stayed in the city to shop for taxable as well as nontaxable items.
The City’s Finances, Part 1: Life in Taxopolis by Steven Malanga, City Journal 10 July 2009


A review of tax data for high-income earners in the 1920s shows that as top tax rates were cut, tax revenues and the share of taxes paid by high-income taxpayers soared. Secretary Mellon knew that high tax rates caused the tax base to contract and that lower rates would boost economic growth. In 1924, Mellon noted: "The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business." He received strong support from President Coolidge, who argued that "the wise and correct course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which every one will have a better chance to be successful."

Internal Revenue Service data show that the across-the-board rate cuts of the early 1920s-including large cuts at the top end-resulted in greater tax payments and a larger tax share paid by those with high incomes. As tax rates were cut in the mid-1920s, total tax revenues initially fell. But as the economy responded and began growing quickly, revenues soared as incomes rose. By 1928, revenues had surpassed the 1920 level even though tax rates had been dramatically cut. 1920s Income Tax Cuts Sparked Economic Growth and Raised Federal Revenues | Veronique de Rugy | Cato Institute: Daily Commentary

Ah yes, all these nice theories. So why did the economy crash? You had your tax cut for the rich, why are we all not doing great at present?

And why did the economy boom after Clinton raised taxes in 1993? According to all this nonsense, that should have been impossible.

Laffer curve? Really good for a laugh.

Why did the economy crash? no regulation of freddy and fanny the pet projects of the democrats
 
I bet most of you are too young to remember a time before huge federal budget deficits. Until Reagan cut taxes on the rich the total debt accumulated from President Washington up through President Carters was less than on trillion dollars. Carters largest budget deficit was around 65 billion and that was during a minor recesion (when tax revenue inevitably falls). Reagan pushed through his cuts and set off the era of soaring deficit and mounting federal debt.

From the 1950's until 1980 taxes on income over about three million dollars a year were no less than 70 percent, yet the economy had a great run, and wages rose with gains in productivity. Since then wages have been flat with the vast majority having no gain in real wages (adjusted for inflation).

I was born in 1961 I knowexactly how things were when Carter was President and Reagan you are a liar.

And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.

Increases in the National Debt Chart
 
I bet most of you are too young to remember a time before huge federal budget deficits. Until Reagan cut taxes on the rich the total debt accumulated from President Washington up through President Carters was less than on trillion dollars. Carters largest budget deficit was around 65 billion and that was during a minor recesion (when tax revenue inevitably falls). Reagan pushed through his cuts and set off the era of soaring deficit and mounting federal debt.

From the 1950's until 1980 taxes on income over about three million dollars a year were no less than 70 percent, yet the economy had a great run, and wages rose with gains in productivity. Since then wages have been flat with the vast majority having no gain in real wages (adjusted for inflation).

I was born in 1961 I knowexactly how things were when Carter was President and Reagan you are a liar.

And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.

Increases in the National Debt Chart

you are nothing but a big blow hard jack off. You don't know jack shit
You are the king of talking points assipe. shall I procede with the L word? Yes I think I will you are a liar.

You like using that link as a source?

http://www.lafn.org/gvdc/index.html
 
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Why did the economy crash? no regulation of freddy and fanny the pet projects of the democrats

LOL!! Yep, Bush removed regulation and everything went to hell in a handbasket. But there is more, Bush had a ton of bailouts and taxcuts for the rich. I really don't care, but at least be honest about what happened.
 
I was born in 1961 I knowexactly how things were when Carter was President and Reagan you are a liar.

And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.

Increases in the National Debt Chart

you are nothing but a big blow hard jack off. You don't know jack shit
You are the king of talking points assipe. shall I procede with the L word? Yes I think I will you are a liar.

You like using that link as a source?

Gardena Valley Democratic Club -- Front Page

Ahh, personal attacks by Bigidiot signal him the loser of the debate.
 
Increases in the National Debt Chart[/QUOTE]

And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.

Increases in the National Debt Chart

you are nothing but a big blow hard jack off. You don't know jack shit
You are the king of talking points assipe. shall I procede with the L word? Yes I think I will you are a liar.

You like using that link as a source?

Gardena Valley Democratic Club -- Front Page

Ahh, personal attacks by Bigidiot signal him the loser of the debate.

Reallyt? look to the first reply to see the loser if you are basing your findings on what a loser is

[quote=Old Rocks;2949669]
I bet most of you are too young to remember a time before huge federal budget deficits. Until Reagan cut taxes on the rich the total debt accumulated from President Washington up through President Carters was less than on trillion dollars. Carters largest budget deficit was around 65 billion and that was during a minor recesion (when tax revenue inevitably falls). Reagan pushed through his cuts and set off the era of soaring deficit and mounting federal debt.

From the 1950's until 1980 taxes on income over about three million dollars a year were no less than 70 percent, yet the economy had a great run, and wages rose with gains in productivity. Since then wages have been flat with the vast majority having no gain in real wages (adjusted for inflation).

I was born in 1961 I knowexactly how things were when Carter was President and Reagan you are a liar.

And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.
 
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Why did the economy crash? no regulation of freddy and fanny the pet projects of the democrats

LOL!! Yep, Bush removed regulation and everything went to hell in a handbasket. But there is more, Bush had a ton of bailouts and taxcuts for the rich. I really don't care, but at least be honest about what happened.

Wrong he tried to regulate both oF them but the republican held congress at the time did not have enough votes to stop a threathen democratic fillabuster.
 
I was born in 1961 I knowexactly how things were when Carter was President and Reagan you are a liar.

And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.

Increases in the National Debt Chart

you are nothing but a big blow hard jack off. You don't know jack shit
You are the king of talking points assipe. shall I procede with the L word? Yes I think I will you are a liar.

You like using that link as a source?

Gardena Valley Democratic Club -- Front Page

My, my, you really do find the truth inconveniant, don't you. And here is another site showing what a silly ignoramous you truly are. Such a silly little Conservative sheep.

Republicans 0 for 20 (0%) on Debt Reduction Since 1978

Republican Presidents, (Reagan and the two Bushes) increased the Debt by $9.1 Trillion Dollars. This number is in 2010 dollars and was adjusted using the yearly Consumer Price Index in June of each year.

Answer 5.

Some say Congress was the problem, but Congress averaged $16 million less in final budgets than the presidents’ budget requests—and Presidents still hold the veto power. As of 2004 only 106 Presidential vetoes had been overridden in the entire history of the United States—less than one every two years.

Answer 6.

Clinton and Obama increased the Debt by $2.1 Trillion. ($1.785 Trillion of that was Obama’s 2010 Budget intended to keep the Recession from becoming a Depression.)
 
I bet most of you are too young to remember a time before huge federal budget deficits. Until Reagan cut taxes on the rich the total debt accumulated from President Washington up through President Carters was less than on trillion dollars. Carters largest budget deficit was around 65 billion and that was during a minor recesion (when tax revenue inevitably falls). Reagan pushed through his cuts and set off the era of soaring deficit and mounting federal debt.

From the 1950's until 1980 taxes on income over about three million dollars a year were no less than 70 percent, yet the economy had a great run, and wages rose with gains in productivity. Since then wages have been flat with the vast majority having no gain in real wages (adjusted for inflation).

I was born in 1961 I knowexactly how things were when Carter was President and Reagan you are a liar.

I was born in 1961 too..and no..he's not lying.

One of the things I noticed during Reagan..was an absolute explosion in homelessness...in New York City.
 
You can watch the whole video or cut to time frame 3:49 Charlie Gibson asked obama in the 2008 democratic debat. "why raise taxes when lower taxes brings in more money" Or something like that.


http://www.youtube.com/watch?v=akLlxxWaJZM&feature=related

He wasn't talking about income taxes, he was talking about capital gains taxes. And that's a red herring because of course folks are more likely to cash in on capital gains when their tax rate is low.

Duh!
 
You can watch the whole video or cut to time frame 3:49 Charlie Gibson asked obama in the 2008 democratic debat. "why raise taxes when lower taxes brings in more money" Or something like that.


http://www.youtube.com/watch?v=akLlxxWaJZM&feature=related

Your video is cut into sound bites, it isn't even in sinc, so I have no idea who is saying what to whom, or about what. Frankly it belongs at Comic Central. Have anything with credibility to share, do let us know.
obama said it and he beleives it. He is a socialist. As far as I am concerned he is a traitor for wanting to give the U.N. more authority over our taxes, guns, or anything else.
 
You can watch the whole video or cut to time frame 3:49 Charlie Gibson asked obama in the 2008 democratic debat. "why raise taxes when lower taxes brings in more money" Or something like that.


http://www.youtube.com/watch?v=akLlxxWaJZM&feature=related

Your video is cut into sound bites, it isn't even in sinc, so I have no idea who is saying what to whom, or about what. Frankly it belongs at Comic Central. Have anything with credibility to share, do let us know.
obama said it and he beleives it. He is a socialist. As far as I am concerned he is a traitor for wanting to give the U.N. more authority over our taxes, guns, or anything else.

But then I am concerned with the 100 million stock holding parasites sucking the profits out of workers, which is just another way of "spreading the wealth around," and denying hard working Americans a fair share and benefits to protect their families with. If we eliminate the stock market the wages & benefits can increase for the workers who actually spend their money. Stocks are bought and sold and held onto, taking billions of dollars out of circulation needed to stimulate the economy. Stock holders and the stock market are anti-worker and anti-American welfare parasites.
 
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Stocks are necessary.
However the day trading is a problem which can be solved by charging the maximum personal income tax rate on gains form all "investments" which were held for less than 1 year.
It would do wonders to stabilize the market.

the lower the capital gains tax the more unstable the market.
 
So.. How many people think GROSSING $250,000 a year is rich? Since I have a small business, I'll let you know... Nobody with a brain thinks that. After paying expenses and taxes what do you actually make? $100,000 if that? How many people think that if you've worked all your life paid you're taxes and saved a little money, had a little property, when you die and your assets add up to over a million dollars the government should come in and take half? "Death Tax"

The dirty little secret is very wealthy people have their money already. they don't really care if their taxes increased. Bill Gates, Warren Buffet ect.. They’ve already made their money, It's the people that want to become wealthy, people that want to build their businesses to that point, and the people they would have employed, they are the ones really being hurt "taxes on the wealthy” You Libs should wake up and quit falling for the talking points use you're friken brain:eusa_eh:
 
Are you talking Inheritance tax or estate tax they are not the same thing and inheritance tax is a state level tax.
 
And I was born in 1943, and I know how to look things up. Apparently you do not. All you know how to do is flap yap and regurgitate talking points from drugged out radio jocks.

Increases in the National Debt Chart

you are nothing but a big blow hard jack off. You don't know jack shit
You are the king of talking points assipe. shall I procede with the L word? Yes I think I will you are a liar.

You like using that link as a source?

Gardena Valley Democratic Club -- Front Page

My, my, you really do find the truth inconveniant, don't you. And here is another site showing what a silly ignoramous you truly are. Such a silly little Conservative sheep.

Republicans 0 for 20 (0%) on Debt Reduction Since 1978

Republican Presidents, (Reagan and the two Bushes) increased the Debt by $9.1 Trillion Dollars. This number is in 2010 dollars and was adjusted using the yearly Consumer Price Index in June of each year.

Answer 5.

Some say Congress was the problem, but Congress averaged $16 million less in final budgets than the presidents’ budget requests—and Presidents still hold the veto power. As of 2004 only 106 Presidential vetoes had been overridden in the entire history of the United States—less than one every two years.

Answer 6.

Clinton and Obama increased the Debt by $2.1 Trillion. ($1.785 Trillion of that was Obama’s 2010 Budget intended to keep the Recession from becoming a Depression.)

The truth is something you cannot handle. You run from the truth

Answer 6.

Clinton and Obama increased the Debt by $2.1 Trillion. ($1.785 Trillion of that was Obama’s 2010 Budget intended to keep the Recession from becoming a Depression.)

2010 isn't over yet and the things that have been done to stop the economical collaspes has not worked. It was said that without the stimulus of 2009 the unemployents numbers would go over 8 percent. obama got what he wanted and the numbers went even higher.

Face the facts you support obama you support the failure of America.
 

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