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Carried interest & investment income should be taxed the exact same way as employment income. Get rid of the loopholes & drop the top tax rate down to 29%.
If all taxes were passed on to the consumer, then corporations would never fight a tax increase, since it could merely be passed on to consumers.
all costs including taxes are passed on to consumers and in the long run profits are competitively reduced to zero thanks to the egalitarian nature of capitalism.
However, taxes are not applied evenly against single products, but rather unevenly against entire corporations; so each individual corporations will fight tooth and nail to reduce his taxes more than a competitor to gain a competitive edge against that competitor and against unseen competitors with substitute goods.
Carried interest & investment income should be taxed the exact same way as employment income. Get rid of the loopholes & drop the top tax rate down to 29%.
investment income has already been taxed before it is investment income.
Why not give tax subsidies to investors since they are the ones that grow the economy. Growing is how we got from the stone age to here. This is agood thing. Why tax growth when we might reward and encourage it??
When they dropped the tax on investment income it did not help the economy.
When they dropped the tax on investment income it did not help the economy.
of course anything we do to encourage investment will lead to economic growth as opposed to anything we do to discourage growth like taxing investment capital.
Here's a simple example even a liberal can understand. When you tax venture capital there is less venture capital and fewer Apples Google and Intels.
Do you want more or fewer Apples Googles and Intels???
Apple, Google & Intel were created when we had double tax on dividends. The money still gets invested. Apple, Microsoft & Facebook started with investments from friends, families & fools (FFF's).
The best way to stimulate FFF's, Angel investors & Venture Capital is to exempt the first 100k of investment income. These people will be scouring the earth for investments if we do that. After that tax as regular income.
The Laffer curve is, for the most part, bullshit as it applies to income taxes in the US, except maybe at very high levels. But the empirical evidence is that cutting corporate taxes does increase total tax revenues since it increases economic activity. We should be cutting corporate income taxes in America and eliminating tax deductions, including many of the nonsense offshore tax-sheltering gimmicks companies use to shelter income.
USA world highest corporate tax but not much revenue.
To optimize the tax revenue a lower tax is needed and loopholes and populistic political decission must be ended.
A lower corporate tax will in the Laffer curve give a higher tax income for the government. The curve shows that a medium tax rate is the optimum, and Norway maximises its proffits with a medium tax rate. USA has the highest tax rate and one of the lowest revenues. I also find it odd that what they call the land of freedom etc. has the highest corporate tax in the world? Who would investe and create jobs if the taxes are the highest in the world. Socialist Norway actually has a lower corporate tax than USA. To low taxes as for Ireland isnt great that either. It is theoretical, but loopholes and populistic politicians destroys the theory that works so well in Norway.
However I think USA has a lot of tax loopholes made by populistic politcians, but with no loopholes it works perfect for Norway. Socialist Norway with a lower tax than USA and also a higher profitt. So why not tighten the loopholes and cut the corporate tax to a lower/medium level
The best way to stimulate FFF's, Angel investors & Venture Capital is to exempt the first 100k of investment income. These people will be scouring the earth for investments if we do that. After that tax as regular income.
why not subsidize the first $10 million invested by 50% so we could get the economy going?? You act like getting the government money ought to be a serious priority?? Why on earth?? Are you on welfare??
Welfare? What a fucking joke! We need to stop the spiraling debt problem.
No, cost is not a determination of supply. Supply of manufactured product will not increase unless there is enough demand to buy the product at the PRICE that the product is being sold at. If costs go down, theEd,
I did not know that you believed yourself to be an economic scholar. Let me help you to reassess. You are an economics idiot.
In any basic econ class that goes into micro economics, you will find that price is not determined by cost but by supply and demand. For a number of reasons that would be too complex for you to understand (though quite simple for everyone else). Cost only determines profit margin of the product. If you are stupid enough to price your product based on cost, your competitors will indeed take you out, over time.
Of course, that is in a case of perfect competition, or the Market System. Of course, if you are GE, or Exxon, then you can price as you are able based on the elasticity of supply (again, I would explain this to you, but probably well beyond your simple mind).
And no, I never wondered about comparative prices between cars and apples. If you are wondering about that yourself, you should probably be committed. To the rest of us, the issue is obvious.
So, what you believe is that we should cover tax costs for corporations. And I asked you for examples of where that had been done. Obviously, you failed to find any.
Let me know when you need your next econ lesson. Hopefully, someone else will do it next time, Schooling idiots is boring.
Supply is also a function of cost. If it costs less, then there will be more supply, all else considered. Ed is right about that.
Ed is not right that all taxes are passed along towards consumers. Some are, some are not. It depends on price elasticity. If prices are less elastic, more will be passed on to consumers. If prices are more elastic, the cost is born more so by shareholders. However, taxes will decrease supply since it increases costs. Eventually, the return on capital will recalibrate to its opportunity cost, and if the relative opportunity cost increases, capital will leave and supply will as well. If all taxes were passed on to the consumer, then corporations would never fight a tax increase, since it could merely be passed on to consumers. This, obviously, is not the case.
The Laffer curve is, for the most part, bullshit as it applies to income taxes in the US, except maybe at very high levels. But the empirical evidence is that cutting corporate taxes does increase total tax revenues since it increases economic activity. We should be cutting corporate income taxes in America and eliminating tax deductions, including many of the nonsense offshore tax-sheltering gimmicks companies use to shelter income.
sellers may well be willing to sell for less, moving the price downward. Again supply and demand. Again, in a competitive market. However, if not competitive (ie, monopolistic) then all bets are off. Typically proffits will increase. Take for example, the increases in gas prices lately. Supply was up, demand was down, but prices increased. Why? Monopolistic industry which allows the seller to set prices.
Your statement that empirical evidence shows that lowering corporate taxes increases tax revenue would be good news for the Reagan economists, who found just the opposite. What is your bempirical evidence? I have been unable to find any. I keep asking, no one will provide the date of when this happened.
Another case you may want to look at is when w decreased taxes. Deficit again increased due to shrinking tax revenues. Where is the evidence???
USA world highest corporate tax but not much revenue.
To optimize the tax revenue a lower tax is needed and loopholes and populistic political decission must be ended.
A lower corporate tax will in the Laffer curve give a higher tax income for the government. The curve shows that a medium tax rate is the optimum, and Norway maximises its proffits with a medium tax rate. USA has the highest tax rate and one of the lowest revenues. I also find it odd that what they call the land of freedom etc. has the highest corporate tax in the world? Who would investe and create jobs if the taxes are the highest in the world. Socialist Norway actually has a lower corporate tax than USA. To low taxes as for Ireland isnt great that either. It is theoretical, but loopholes and populistic politicians destroys the theory that works so well in Norway.
However I think USA has a lot of tax loopholes made by populistic politcians, but with no loopholes it works perfect for Norway. Socialist Norway with a lower tax than USA and also a higher profitt. So why not tighten the loopholes and cut the corporate tax to a lower/medium level
Many politicians need the bribes harvested by granting favorable tax laws to their benefactors. The lying thieves would sell their youngest daughter as sex slaves if it meant a campaign donation and it is not a coincidence that the politicians in the US who head committees like ways and means also have 1000 acre ranches.
Ours is a corrupt system peopled by the kind of slimy, swindling, thugs that you wouldn't feel comfortable riding with in the same elevator.
Our politicians lie, cheat, steal, attack, defame, slander and libel. They are usually numb to their own corruption and always morally filthy beyond the comprehension of the rest of us.
Our tax system is the result of their deceit, greed, averice and hate.
That might be why it's not a sensible system.
We need to stop the spiraling debt problem.
spending cap, Balanced Budget Amendment, don't raise debt limit!!
those are the obvious and most basic ways and its a 100% done deal but libturds oppose all. Do you know why?? Because their bottom like is more welfare buys more votes!! Fiscal responsibility in effect makes them illegal!!
Carried interest & investment income should be taxed the exact same way as employment income. Get rid of the loopholes & drop the top tax rate down to 29%.
investment income has already been taxed before it is investment income.
Why not give tax subsidies to investors since they are the ones that grow the economy. Growing is how we got from the stone age to here. This is agood thing. Why tax growth when we might reward and encourage it??
That double taxation on dividends crap is BS. Many business pay no tax, a lot of them are subsidized. When they dropped the tax on investment income it did not help the economy. Investors still have to do something with their money. They only get taxed if they make a profit. They get a deduction if they lose. The Wallstreet casino created in 1999 is not growing jobs or the economy. It is just transferring wealth.
investment income has already been taxed before it is investment income.
Why not give tax subsidies to investors since they are the ones that grow the economy. Growing is how we got from the stone age to here. This is agood thing. Why tax growth when we might reward and encourage it??
That double taxation on dividends crap is BS. Many business pay no tax, a lot of them are subsidized. When they dropped the tax on investment income it did not help the economy. Investors still have to do something with their money. They only get taxed if they make a profit. They get a deduction if they lose. The Wallstreet casino created in 1999 is not growing jobs or the economy. It is just transferring wealth.
So your prescription to heal the economy is to punish those who might be able to help?
Is that you, Mr. President?
USA world highest corporate tax but not much revenue.
To optimize the tax revenue a lower tax is needed and loopholes and populistic political decission must be ended.
A lower corporate tax will in the Laffer curve give a higher tax income for the government. The curve shows that a medium tax rate is the optimum, and Norway maximises its proffits with a medium tax rate. USA has the highest tax rate and one of the lowest revenues. I also find it odd that what they call the land of freedom etc. has the highest corporate tax in the world? Who would investe and create jobs if the taxes are the highest in the world. Socialist Norway actually has a lower corporate tax than USA. To low taxes as for Ireland isnt great that either. It is theoretical, but loopholes and populistic politicians destroys the theory that works so well in Norway.
However I think USA has a lot of tax loopholes made by populistic politcians, but with no loopholes it works perfect for Norway. Socialist Norway with a lower tax than USA and also a higher profitt. So why not tighten the loopholes and cut the corporate tax to a lower/medium level
Many politicians need the bribes harvested by granting favorable tax laws to their benefactors. The lying thieves would sell their youngest daughter as sex slaves if it meant a campaign donation and it is not a coincidence that the politicians in the US who head committees like ways and means also have 1000 acre ranches.
Ours is a corrupt system peopled by the kind of slimy, swindling, thugs that you wouldn't feel comfortable riding with in the same elevator.
Our politicians lie, cheat, steal, attack, defame, slander and libel. They are usually numb to their own corruption and always morally filthy beyond the comprehension of the rest of us.
Our tax system is the result of their deceit, greed, averice and hate.
That might be why it's not a sensible system.
Here the press has access to tax decissions and tax money spent by the politicians. Last year a politicians spent 100.000$ on something he favoured, he was fired immidieatly. Why not give the press access to tax decsissions and fire those who spend for personal benefit?
A politician deciding taxes is not very efficient, they are to populistic and only thinks on personal benefit.
That double taxation on dividends crap is BS. Many business pay no tax, a lot of them are subsidized. When they dropped the tax on investment income it did not help the economy. Investors still have to do something with their money. They only get taxed if they make a profit. They get a deduction if they lose. The Wallstreet casino created in 1999 is not growing jobs or the economy. It is just transferring wealth.
So your prescription to heal the economy is to punish those who might be able to help?
Is that you, Mr. President?
Only investment in small start-up, R&D & innovation helps. Not tax breaks for investors in large established money machines. Just wait & see what happens to investment when we turn into Greece. All the money will get lent to the government & all taxes will go to pay the interest on the debt.
Only investment in small start-up, R&D & innovation helps.
