Truthmatters
Diamond Member
- May 10, 2007
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- #81
There is no eveidence tax revenues go up because of tax cuts.
Its a myth
Its a myth
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There is no eveidence tax revenues go up because of tax cuts.
Its a myth
There is no eveidence tax revenues go up because of tax cuts.
Its a myth
The criticism that the tax payments of the rich would fall under ERTA was based on a static conception of human behavior. As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid. Unfortunately, estimates of ERTA by the Democrat-controlled CBO continued to show falling tax payment by upper income taxpayers, even after actual IRS data had become available showing a surge of income tax payments by affluent taxpayers.
And the other thing ou Statist wannabes need to understand that it isn't government's money in the first place.
Get that correct, and you're on your way to understanding.
LIES! Look at all the jobs they've been creating thus far!you didn't answer the question.
I do not speak the language the question was asked in.
Then English must be your second language. You're first is imbecile.
You just said it wasn't taxable incomeThe dirty little secret is that the Dems aren't telling us this is Gross income...not net.
If you're making over $250k but only have $50k in profit you're gonna get nailed with a huge increase in your taxes. Because of the weak economy many small businesses are in this state. This tax increase will force many of them to cut employees, shrink their business to fit the changing tax code, or just fold their business completely.
That's the stupidest thing I've ever heard.
I know....but it's true.
I made $200k last year...but my taxable income was only $30k. If I had made $50.01k more I would have fallen within the level that tax-increases would take place.
The tax cut would only apply to all income over $250k. Thus if you make $300,000 you would see a 3% increase on only the $50,000 over $300k.
The argument that this will kill job creation of small businesses is also untrue. As the majority of small business owners do not have personal incomes of over $250k. The average small business owner makes between $35-$100k. It is a small minority that make over $250k. If the sticking point is $250k. I know people are willing to move the limit higher (possible $500k).
Then there comes the cost. The cost of the extending the middle class tax cut is projected at $2.2 trillion over the next 10 years, ending them for incomes over $250k adds another $700 billion. Can we even afford to add that much more do the debt? Are extending the tax cuts to the top income earners more important than unemployment benefits?
I am for either letting them all expire or only renewing the middle class. The reason being is that the middle class who has the biggest buying power, historically pumps any extra income into the market, while top earners will either save or invest it. Thus the argument that extending the tax cuts for the wealthy will curb job growth is dumb.
If you want to spur job growth through tax cuts or rebates, all small businesses who add employee to their payroll to have a tax rebate of of $500-1000 per employee, which will offset any rise in taxes..
Let them all expire, take the money, hire people to repave the entire planet. If that ain't enough, hire a few million people to dig a giant ditch and a few million more to re-fill it. THAT'S how you get things rolling. Tax cuts don't do you much good when you can't find a f**kin job. And, when you yourself don't have a job, you can't do the spending that in turn creates more jobs.
You don't stimulate the economy by digging ditches and filling them in. Sure you put some people to work, but others have to pay for essentially nothing. Your ditch diggers and ditch fillers have produced nothing.
You create wealth buy producing tangible assets like cars, houses lumber etc. Sure, your ditch workers will be able to afford more tangible assets, but the general population that has to pay their wage is able to afford less. Zero sum gain.
Let them all expire, take the money, hire people to repave the entire planet. If that ain't enough, hire a few million people to dig a giant ditch and a few million more to re-fill it. THAT'S how you get things rolling. Tax cuts don't do you much good when you can't find a f**kin job. And, when you yourself don't have a job, you can't do the spending that in turn creates more jobs.
You don't stimulate the economy by digging ditches and filling them in. Sure you put some people to work, but others have to pay for essentially nothing. Your ditch diggers and ditch fillers have produced nothing.
You create wealth buy producing tangible assets like cars, houses lumber etc. Sure, your ditch workers will be able to afford more tangible assets, but the general population that has to pay their wage is able to afford less. Zero sum gain.
What if the ditch was needed? What if the ditch is really a trench? What if that trench is part of an expansion or renovation of the sewer system (critical infrastructure)?
1) Human nature is more complex than the laughable 'curve'FactCheck.org: Supply-side Spin
Tax cuts DO NOT increase tax revenue no matter how many times youy lie about it.
Well this proves democrats have zero understanding of human nature. So now your argument has turned they would be higher.
Different then your other rethoric.
Tax rates are but one factor influencing investor behavior.There is no eveidence tax revenues go up because of tax cuts.
Its a myth
The money all belongs to the Fed.And the other thing ou Statist wannabes need to understand that it isn't government's money in the first place.
Get that correct, and you're on your way to understanding.
Won't happen, you must understand the core of their beliefs revolve around the notion that money belongs to everybody.
That's why there is no place in arguing or working with them, just keep them marginalized and out of office.
And the other thing ou Statist wannabes need to understand that it isn't government's money in the first place.
Get that correct, and you're on your way to understanding.
Won't happen, you must understand the core of their beliefs
And the other thing ou Statist wannabes need to understand that it isn't government's money in the first place.
Get that correct, and you're on your way to understanding.
Won't happen, you must understand the core of their beliefs revolve around the notion that money belongs to everybody.
That's why there is no place in arguing or working with them, just keep them marginalized and out of office.
The tax cut would only apply to all income over $250k. Thus if you make $300,000 you would see a 3% increase on only the $50,000 over $300k.
The argument that this will kill job creation of small businesses is also untrue. As the majority of small business owners do not have personal incomes of over $250k. The average small business owner makes between $35-$100k. It is a small minority that make over $250k. If the sticking point is $250k. I know people are willing to move the limit higher (possible $500k).
Then there comes the cost. The cost of the extending the middle class tax cut is projected at $2.2 trillion over the next 10 years, ending them for incomes over $250k adds another $700 billion. Can we even afford to add that much more do the debt? Are extending the tax cuts to the top income earners more important than unemployment benefits?
I am for either letting them all expire or only renewing the middle class. The reason being is that the middle class who has the biggest buying power, historically pumps any extra income into the market, while top earners will either save or invest it. Thus the argument that extending the tax cuts for the wealthy will curb job growth is dumb.
If you want to spur job growth through tax cuts or rebates, all small businesses who add employee to their payroll to have a tax rebate of of $500-1000 per employee, which will offset any rise in taxes..
That's horseshit. Since when does the government tax the same return on two different scales???
They would tax all of it the same if your gross was above $250k.
You need to show me a link.....which I know you can't because the tax-code has yet to be written.
Do you even know what a tax bracket is?