Capital gains & income averaging.

[Toddsterpatriot]

If I give a poor person $20, what's the multiplier?

Just one poor person? Now you know why private charity can Never solve simple poverty or create much of a positive multiplier effect.

Are the numbers too large for you to explain the multiplier?

it works with the law of large numbers.

Great. What's the multiplier?

It depends on the amount and the people circulating that capital. Unemployment compensation, produces a positive multiplier.

I told you, $20.

 

[danielpalos]

Just one poor person? Now you know why private charity can Never solve simple poverty or create much of a positive multiplier effect.

Are the numbers too large for you to explain the multiplier?

it works with the law of large numbers.

Great. What's the multiplier?

It depends on the amount and the people circulating that capital. Unemployment compensation, produces a positive multiplier.

I told you, $20.

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

 

[Toddsterpatriot]

Are the numbers too large for you to explain the multiplier?

it works with the law of large numbers.

Great. What's the multiplier?

It depends on the amount and the people circulating that capital. Unemployment compensation, produces a positive multiplier.

I told you, $20.

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

I give an unemployed guy $20, what's the multiplier?

 

[danielpalos]

it works with the law of large numbers.

Great. What's the multiplier?

It depends on the amount and the people circulating that capital. Unemployment compensation, produces a positive multiplier.

I told you, $20.

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

I give an unemployed guy $20, what's the multiplier?

one instance is Only addition, not multiplication.

 

[Toddsterpatriot]

Great. What's the multiplier?

It depends on the amount and the people circulating that capital. Unemployment compensation, produces a positive multiplier.

I told you, $20.

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

I give an unemployed guy $20, what's the multiplier?

one instance is Only addition, not multiplication.

One thousand unemployed guys get $1000 a month.
What's the multiplier?

 

[danielpalos]

It depends on the amount and the people circulating that capital. Unemployment compensation, produces a positive multiplier.

I told you, $20.

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

I give an unemployed guy $20, what's the multiplier?

one instance is Only addition, not multiplication.

One thousand unemployed guys get $1000 a month.
What's the multiplier?

There is a formula; but, it may take a while to research all of the variables.

 

[Toddsterpatriot]

I told you, $20.

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

I give an unemployed guy $20, what's the multiplier?

one instance is Only addition, not multiplication.

One thousand unemployed guys get $1000 a month.
What's the multiplier?

There is a formula; but, it may take a while to research all of the variables.

Let me know when you find it.

 

[danielpalos]

it works with the law of large numbers.

Unemployment compensation, produces a positive multiplier.

I give an unemployed guy $20, what's the multiplier?

one instance is Only addition, not multiplication.

One thousand unemployed guys get $1000 a month.
What's the multiplier?

There is a formula; but, it may take a while to research all of the variables.

Let me know when you find it.

lol. We don't need your Red Herrings; we already know, unemployment compensation produces a positive multiplier; simply for circulating capital.

 

[Toddsterpatriot]

I give an unemployed guy $20, what's the multiplier?

one instance is Only addition, not multiplication.

One thousand unemployed guys get $1000 a month.
What's the multiplier?

There is a formula; but, it may take a while to research all of the variables.

Let me know when you find it.

lol. We don't need your Red Herrings; we already know, unemployment compensation produces a positive multiplier; simply for circulating capital.

we already know, unemployment compensation produces a positive multiplier;

Great. What is it?

 

[danielpalos]

one instance is Only addition, not multiplication.

One thousand unemployed guys get $1000 a month.
What's the multiplier?

There is a formula; but, it may take a while to research all of the variables.

Let me know when you find it.

lol. We don't need your Red Herrings; we already know, unemployment compensation produces a positive multiplier; simply for circulating capital.

we already know, unemployment compensation produces a positive multiplier;

Great. What is it?

At one point in time; it was generating a positive multiplier of two to one. Two dollars of private sector economic activity for every one dollar of public sector spending.

 

[JonKoch]

Whoa, let's stick to the real world: rate hikes cut revenue. We've ample supporting data plus a consensus including Obama himself that agrees. We don't have to suppose anything because we've got to know rate cuts increase revenue and that rate hikes are nothing more than misguided expensive wasteful acts of crude vengeance.

ToddsterPatriot & ExPat_Panama, general discussion of increased “asking” prices:

Supply side proponents often declare increasing prices will reduce sales to the extent that graphing the asking vs. sales volumes creates essentially straight lines. When considering specifics, there can be multiple possible factors. Their inter relationships and the lines drawn are often much more curved rather than straight line functions.

The extent of elasticity with regard to effective demand or feasible supply comes immediately to mind. These two factors are often if not generally affected by other variables; they do not act simply in the same manner upon all applications. Then there’s the factor of alternatives; necessity and/or human ingenuity at work.
///////////////////////////////////////////////////////

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?
The favoring tax reduction for a particular characteristic of income is justified how? All other incomes are less worthy because?

To the extent that we encourage only the sale of entire or partial enterprise shares, we are discouraging continuous reinvesting and nurturing of existing enterprises. You advocate government intervention and have no regard for the open markets’ decisions? Why are you a proponent of government rather than a market driven economy?

I appreciate the Romney strategy; having insufficiently logical response, he labels the criticism as class warfare due to envy.

Respectfully, Supposn

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

 

[JonKoch]

It creates a positive multiplier effect in that local economy.

If I give a poor person $20, what's the multiplier?

Just one poor person? Now you know why private charity can Never solve simple poverty or create much of a positive multiplier effect.

Are the numbers too large for you to explain the multiplier?

it works with the law of large numbers.

Great. What's the multiplier?

The Food Assistance National Input-Output Multiplier (FANIOM) Model and Stimulus Effects of SNAP

The report found that:

• An increase of $1 billion in SNAP expenditures is estimated to increase economic activity (GDP) by $1.79 billion. In other words, every $5 in new SNAP benefits generates as much as $9 of economic activity.

Moody's study suggests extending unemployment benefits, increasing food stamps fastest ways to stimulate economy.

Food stamps offer best stimulus - study - Jan. 29, 2008



HOW WELL DID 8 YEARS OF DUBYA/GOP TAX CUTS DO FOR THE US ECONOMY? HOW MANY JOBS WERE CREATED WITH THE TRILLIONS IN TAX CUTS CUPCAKE?

 

[Toddsterpatriot]

Whoa, let's stick to the real world: rate hikes cut revenue. We've ample supporting data plus a consensus including Obama himself that agrees. We don't have to suppose anything because we've got to know rate cuts increase revenue and that rate hikes are nothing more than misguided expensive wasteful acts of crude vengeance.

ToddsterPatriot & ExPat_Panama, general discussion of increased “asking” prices:

Supply side proponents often declare increasing prices will reduce sales to the extent that graphing the asking vs. sales volumes creates essentially straight lines. When considering specifics, there can be multiple possible factors. Their inter relationships and the lines drawn are often much more curved rather than straight line functions.

The extent of elasticity with regard to effective demand or feasible supply comes immediately to mind. These two factors are often if not generally affected by other variables; they do not act simply in the same manner upon all applications. Then there’s the factor of alternatives; necessity and/or human ingenuity at work.
///////////////////////////////////////////////////////

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?
The favoring tax reduction for a particular characteristic of income is justified how? All other incomes are less worthy because?

To the extent that we encourage only the sale of entire or partial enterprise shares, we are discouraging continuous reinvesting and nurturing of existing enterprises. You advocate government intervention and have no regard for the open markets’ decisions? Why are you a proponent of government rather than a market driven economy?

I appreciate the Romney strategy; having insufficiently logical response, he labels the criticism as class warfare due to envy.

Respectfully, Supposn

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

You mean getting blackmailed by the GOP Christmas 2010

Nope.

Tax incentives for individuals[edit]
Total: $237 billion

• $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[24]
• $70 billion: Alternative minimum tax: a one-year increase in AMT floor to $70,950 for joint filers for 2009.[24]
• $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
• $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
• $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between January 1, 2009, and December 1, 2009, and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[37]
• $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
• $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit – which provides money to low income workers – for families with at least three children.
• $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
• $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

American Recovery and Reinvestment Act of 2009 - Wikipedia​

 

[Toddsterpatriot]

Whoa, let's stick to the real world: rate hikes cut revenue. We've ample supporting data plus a consensus including Obama himself that agrees. We don't have to suppose anything because we've got to know rate cuts increase revenue and that rate hikes are nothing more than misguided expensive wasteful acts of crude vengeance.

ToddsterPatriot & ExPat_Panama, general discussion of increased “asking” prices:

Supply side proponents often declare increasing prices will reduce sales to the extent that graphing the asking vs. sales volumes creates essentially straight lines. When considering specifics, there can be multiple possible factors. Their inter relationships and the lines drawn are often much more curved rather than straight line functions.

The extent of elasticity with regard to effective demand or feasible supply comes immediately to mind. These two factors are often if not generally affected by other variables; they do not act simply in the same manner upon all applications. Then there’s the factor of alternatives; necessity and/or human ingenuity at work.
///////////////////////////////////////////////////////

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?
The favoring tax reduction for a particular characteristic of income is justified how? All other incomes are less worthy because?

To the extent that we encourage only the sale of entire or partial enterprise shares, we are discouraging continuous reinvesting and nurturing of existing enterprises. You advocate government intervention and have no regard for the open markets’ decisions? Why are you a proponent of government rather than a market driven economy?

I appreciate the Romney strategy; having insufficiently logical response, he labels the criticism as class warfare due to envy.

Respectfully, Supposn

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

when they threatened millions of unemployed

Poor girl.

 

[JonKoch]

ToddsterPatriot & ExPat_Panama, general discussion of increased “asking” prices:

Supply side proponents often declare increasing prices will reduce sales to the extent that graphing the asking vs. sales volumes creates essentially straight lines. When considering specifics, there can be multiple possible factors. Their inter relationships and the lines drawn are often much more curved rather than straight line functions.

The extent of elasticity with regard to effective demand or feasible supply comes immediately to mind. These two factors are often if not generally affected by other variables; they do not act simply in the same manner upon all applications. Then there’s the factor of alternatives; necessity and/or human ingenuity at work.
///////////////////////////////////////////////////////

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?
The favoring tax reduction for a particular characteristic of income is justified how? All other incomes are less worthy because?

To the extent that we encourage only the sale of entire or partial enterprise shares, we are discouraging continuous reinvesting and nurturing of existing enterprises. You advocate government intervention and have no regard for the open markets’ decisions? Why are you a proponent of government rather than a market driven economy?

I appreciate the Romney strategy; having insufficiently logical response, he labels the criticism as class warfare due to envy.

Respectfully, Supposn

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

You mean getting blackmailed by the GOP Christmas 2010

Nope.

Tax incentives for individuals[edit]
Total: $237 billion

• $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[24]
• $70 billion: Alternative minimum tax: a one-year increase in AMT floor to $70,950 for joint filers for 2009.[24]
• $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
• $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
• $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between January 1, 2009, and December 1, 2009, and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[37]
• $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
• $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit – which provides money to low income workers – for families with at least three children.
• $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
• $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

American Recovery and Reinvestment Act of 2009 - Wikipedia​

Oh the 40% tax cuts put into the stimulus to TRY to get a few GOPers to put country over ideology (he failed on that cupcake)? But I agree, it was a waste


Yes why was stimulus needed again after the 8 wonderful years of Dubya/GOP "job creator" policie's the Cheto is putting on steroids???

 

[JonKoch]

ToddsterPatriot & ExPat_Panama, general discussion of increased “asking” prices:

Supply side proponents often declare increasing prices will reduce sales to the extent that graphing the asking vs. sales volumes creates essentially straight lines. When considering specifics, there can be multiple possible factors. Their inter relationships and the lines drawn are often much more curved rather than straight line functions.

The extent of elasticity with regard to effective demand or feasible supply comes immediately to mind. These two factors are often if not generally affected by other variables; they do not act simply in the same manner upon all applications. Then there’s the factor of alternatives; necessity and/or human ingenuity at work.
///////////////////////////////////////////////////////

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?
The favoring tax reduction for a particular characteristic of income is justified how? All other incomes are less worthy because?

To the extent that we encourage only the sale of entire or partial enterprise shares, we are discouraging continuous reinvesting and nurturing of existing enterprises. You advocate government intervention and have no regard for the open markets’ decisions? Why are you a proponent of government rather than a market driven economy?

I appreciate the Romney strategy; having insufficiently logical response, he labels the criticism as class warfare due to envy.

Respectfully, Supposn

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

when they threatened millions of unemployed

Poor girl.

History doesn't look at CONservatives too well cupcake

 

[The Derp]

Great. What is it?

According to the Department of Labor, Unemployment Compensation has a multiplier effect of 2. Meaning for every dollar spent on unemployment insurance, this report finds an increase in economic activity of two dollars.

BTW - I found that by just Googling "Economic Multiplier Unemployment Compensation".

 

[The Derp]

He cut more than payroll taxes. Are you saying you're smarter than Obama?

He also raised taxes on the wealthy in order to pay for Obamacare, among other things. So he offset cuts with increases elsewhere. He let the Bush Tax Cuts for the wealthy expire (when you all warned the sky would fall if he did). So it's a mixed bag. I happen to think any tax cut is pointless, but that's just my opinion. I am not President.

 

[Toddsterpatriot]

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

You mean getting blackmailed by the GOP Christmas 2010

Nope.

Tax incentives for individuals[edit]
Total: $237 billion

• $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[24]
• $70 billion: Alternative minimum tax: a one-year increase in AMT floor to $70,950 for joint filers for 2009.[24]
• $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
• $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
• $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between January 1, 2009, and December 1, 2009, and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[37]
• $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
• $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit – which provides money to low income workers – for families with at least three children.
• $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
• $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

American Recovery and Reinvestment Act of 2009 - Wikipedia​

Oh the 40% tax cuts put into the stimulus to TRY to get a few GOPers to put country over ideology (he failed on that cupcake)? But I agree, it was a waste


Yes why was stimulus needed again after the 8 wonderful years of Dubya/GOP "job creator" policie's the Cheto is putting on steroids???

Oh the 40% tax cuts put into the stimulus

Yes, tax cuts to stimulate.

Yes why was stimulus needed again

Because Dems love tossing billions to their special interests.

 

[Toddsterpatriot]

Your contention is that eliminating the tax reduction granted to LTCG incomes will reduce what?

Government revenues and economic growth.

The favoring tax reduction for a particular characteristic of income is justified how?

Economic growth is good.

All other incomes are less worthy because?

Reality.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP
STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory

The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

That's awful!

So why did Obama cut taxes?

You mean getting blackmailed by the GOP Christmas 2010, when they threatened millions of unemployed cupcake?

when they threatened millions of unemployed

Poor girl.

History doesn't look at CONservatives too well cupcake

Is that why Dems have lost so many seats since that Lib fella was elected in 2008?