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The history is that lower, simpler taxes and a more stable regulatory environment induce people to start or expand businesses and generate much more economic activity. I think the effects of Perry's plan are grossly underestimated.
Perry wants to institute an optional flat tax rate of 20%, eliminate taxes on Social Security benefits, throw out taxes on qualified dividends and capital gains, while sacking the estate tax. Corporate taxes would decrease as well.
Sorry, Inthemiddle. A drive through the Woodlands north of Houston and in areas between Dallas and Ft. Worth would tell you there's a lot of jobs here, and by the fabulous homes and yards, they're paid well.In Texas.
Minimum wage jobs, filled by illegals drawn by Perry's free education for illegals plan.
There really are a lot of good jobs here. I pass their homes every week.
Because it makes it tough for accountants and bureaucrats to keep their jobs.
You're kidding, right? Do you have any idea what the practical implications of an "optional flat tax" - two different tax regimes - would be? This would be a boon to accountants and IRS bureaucrats! Every year, people would do their taxes both ways, then decide to pay the lower. The idea that it would decrease bureaucracy is a laughable fairy tale sold to a gullible base that still believes cutting income taxes raises revenues. lol If you're going to have a flat tax, have a fucking flat tax! I might even support it! But not this weird pick-whatever-tax-regime-you-want.
Anyways, Perry has been getting raked over the coals by some conservatives for his plan.
Rick Perry's Tax Plan Would Be A Disaster For America | Fox News
Rick Perrys MAXTAX vs. Stephen Moores MAXTAX - By Reihan Salam - The Agenda - National Review Online
Well, Toro, there are businesses that are very popular who run tv ads saying "We beat all competitor's rates."
What's so different about a government plan offering everyone to choose which rate they want--the high one or the low one?
Everybody will pick the low one.
As a tv adman would say, "Do you hear me now?"
Some people don't like others to have choices. Rick Perry gives you the choice.
If you want to hire more people, you take the lower rate and hire people with the savings.
If you want to be Lord Beneficent Foundation, you can feel good about giving more than you had to give when you're not condescending about all your brains, hot cars, hot chicks, super great stuff, etc.
See? There's a choice for everyone. Rick Perry is just reflecting the times, and it's about time you can get a bargain basement tax if you want one.
The history is that lower, simpler taxes and a more stable regulatory environment induce people to start or expand businesses and generate much more economic activity. I think the effects of Perry's plan are grossly underestimated.
I try not to insult people without first being insulted. So I will invite you to show us where in American history, taxes on the rich were lower than they are now, and the economy prospered.
Why don't you write Governor Perry and tell him which ones work for you and why America would be a better place if he included them in his budget plan? You're a lot smarter about market issues than me, Mr. Toro. Governor Perry needs the best. I just make little quilts for wheelchair victims and the abuse center, do charity sewing, and admire bright people from many walks sharing their knowledge online here at USMB currently.Well, Toro, there are businesses that are very popular who run tv ads saying "We beat all competitor's rates."
What's so different about a government plan offering everyone to choose which rate they want--the high one or the low one?
Everybody will pick the low one.
As a tv adman would say, "Do you hear me now?"
Some people don't like others to have choices. Rick Perry gives you the choice.
If you want to hire more people, you take the lower rate and hire people with the savings.
If you want to be Lord Beneficent Foundation, you can feel good about giving more than you had to give when you're not condescending about all your brains, hot cars, hot chicks, super great stuff, etc.
See? There's a choice for everyone. Rick Perry is just reflecting the times, and it's about time you can get a bargain basement tax if you want one.
Well, if choice is a good thing, then why not more than two choices? Why not 10 or 20 different tax regimes to choose from?
The history is that lower, simpler taxes and a more stable regulatory environment induce people to start or expand businesses and generate much more economic activity. I think the effects of Perry's plan are grossly underestimated.
I try not to insult people without first being insulted. So I will invite you to show us where in American history, taxes on the rich were lower than they are now, and the economy prospered.
The 19th century.
The history is that lower, simpler taxes and a more stable regulatory environment induce people to start or expand businesses and generate much more economic activity. I think the effects of Perry's plan are grossly underestimated.
I try not to insult people without first being insulted. So I will invite you to show us where in American history, taxes on the rich were lower than they are now, and the economy prospered.
The 19th century.
The history is that lower, simpler taxes and a more stable regulatory environment induce people to start or expand businesses and generate much more economic activity. I think the effects of Perry's plan are grossly underestimated.
I try not to insult people without first being insulted. So I will invite you to show us where in American history, taxes on the rich were lower than they are now, and the economy prospered.
The 19th century.
The history is that lower, simpler taxes and a more stable regulatory environment induce people to start or expand businesses and generate much more economic activity. I think the effects of Perry's plan are grossly underestimated.
I try not to insult people without first being insulted. So I will invite you to show us where in American history, taxes on the rich were lower than they are now, and the economy prospered.
The 19th century.
I try not to insult people without first being insulted. So I will invite you to show us where in American history, taxes on the rich were lower than they are now, and the economy prospered.
The 19th century.
Also: 1900 - 1920's
Ah! Well THAT applies! After all, we have an abundance of land, a shortage of immigrants, a huge trade surplus, an agriculturally based economy, more people living in rural areas than cities, we lead the way in manufacturing a cutting edge technology called "cars" ...
The deficit was caused by GOP spending.
The deficit was caused by GOP spending.
Many people from both sides of the proverbial aisle are the blame.
In my opinion, saying one's plan will balance the budget is nothing but political smoke and mirrors.Rick Perry has an economic plan. He wants the federal government to spend less money, and he wants huge tax cuts. Oh, and a balanced budget by 2020. Here's the rub: Perry's plan would drastically reduce the amount of money the government collects in taxes. Link to article
Aw, the naysayers cast off the winning strategy with "Oh, and a balanced budget by 2020." Gee, a balanced budget would destroy Obama's spendthrift legacy. Awwwwwwwwww
In my opinion, saying one's plan will balance the budget is nothing but political smoke and mirrors.Rick Perry has an economic plan. He wants the federal government to spend less money, and he wants huge tax cuts. Oh, and a balanced budget by 2020. Here's the rub: Perry's plan would drastically reduce the amount of money the government collects in taxes. Link to article
Aw, the naysayers cast off the winning strategy with "Oh, and a balanced budget by 2020." Gee, a balanced budget would destroy Obama's spendthrift legacy. Awwwwwwwwww
It seems Rick Perry, along with the majority of other present and future employees want the employers to believe that current spending cannot be well regulated or controlled until 2020. And for that, we are supposed to cheer?
There is nothing in Rick Perry's plan, that actually addresses paying off the national debt, not to mention actually stopping spending that doesn't fall within one of the 18 enumerated powers of Congress.
The 19th century.
Also: 1900 - 1920's
Ah! Well THAT applies! After all, we have an abundance of land, a shortage of immigrants, a huge trade surplus, an agriculturally based economy, more people living in rural areas than cities, we lead the way in manufacturing a cutting edge technology called "cars" ...
There was a shortage of immigrants in the 1880s to 1920s? Where? Cuba? All of my family came here during that period.
Daimler Benz led the way in cars, btw.
You are too stupid to breathe.
Nice way to shift goalposts. You wrote the US led in technology called cars. I point out Daimler was the techology leader. You then shift to number of cars sold here. Not the same thing. OR do you understand that?Also: 1900 - 1920's
Ah! Well THAT applies! After all, we have an abundance of land, a shortage of immigrants, a huge trade surplus, an agriculturally based economy, more people living in rural areas than cities, we lead the way in manufacturing a cutting edge technology called "cars" ...
There was a shortage of immigrants in the 1880s to 1920s? Where? Cuba? All of my family came here during that period.
Daimler Benz led the way in cars, btw.
You are too stupid to breathe.
Well Daimler Benz sold more cars in America than anyone else?!?!? Wow!
Look, I get it. You can't quite grasp complex stuff. Okay. And as far as an abundance of land, a huge trade surplus, an agriculturally based economy, more people living in rural areas than cities, nice dodge.
But like I said, if you're so stupid, you can't figure out that times are different now than they were in that period, well, we won't even go into things like FIRE economies etc... I'll leave that for the grown-ups.
Also: 1900 - 1920's
Ah! Well THAT applies! After all, we have an abundance of land, a shortage of immigrants, a huge trade surplus, an agriculturally based economy, more people living in rural areas than cities, we lead the way in manufacturing a cutting edge technology called "cars" ...
There was a shortage of immigrants in the 1880s to 1920s? Where? Cuba? All of my family came here during that period.
Daimler Benz led the way in cars, btw.
You are too stupid to breathe.
Well Daimler Benz sold more cars in America than anyone else?!?!? Wow!
Look, I get it. You can't quite grasp complex stuff. Okay. And as far as an abundance of land, a huge trade surplus, an agriculturally based economy, more people living in rural areas than cities, nice dodge.
But like I said, if you're so stupid, you can't figure out that times are different now than they were in that period, well, we won't even go into things like FIRE economies etc... I'll leave that for the grown-ups.
