The USA needs to increases taxes...

[LegendKiller]

We have the 2nd highest corporate tax rate in the world. How is that working for us? Jobs have moved overseas. Lower the corporate rate to 18-20% and everyone will have a job and personal income tax revenues will go through the roof. Lower the highest personal income tax bracket from 35% to 32% and small businesses will be able to thrive and expand.

Jobs being moved overseas has nothing to do with the tax rate. The supply-side argument is already nullified and the Laugher Curve is a joke. Try a different schtick than the VooDoo Economics fools spout.

 

[LegendKiller]

Anyone that says the USA ought raise individual tax rate is either an idiot or a leech....maybe both.

I bet anyone of you that voted to raise taxes doesn't pay income taxes in the first place. You just think it is OK to steal money from others if you get your cut.

Anybody who believes supply-side economics is true is either a hypocrite or intellectually bankrupt. I'm willing to bet you're both.

 

[shady28]

How much of a bet? I know for a FACT that one of us that voted for increased taxes does indeed pay income taxes. You name the pot and I'll have a third party verify said paid (and paying) income taxes.

I don't mind cutting of spending but if we are not going to cut, then we need to pay for our shit. People want all of the shit and not pay for it. Maybe once they start actually paying for it, they'll wise up and "finally" cut back.

I would be fine with increases if they also had massive, permanent cuts attached.

That won't happen. The government has established its pattern - give them more money and they will leverage it to create even more debt.

It's really quite pointless. Special interest groups of all kinds have a piece of the pie and none will let go. Watch what happens to Greece, thats how it ends.




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[matt0611]

We pay considerably less than damn near every other industrialized nation.
Of course, we try to provide too much shit too.

And other nations are even worse, its not really much consolation to me.

 

[SpongeBob]

I paid almost $20K in federal and state taxes last year. So no, I do not want to pay more taxes and I would like to see large cuts in spending.

 

[a777pilot]

Anybody who believes supply-side economics is true is either a hypocrite or intellectually bankrupt. I'm willing to bet you're both.

I am not a Keynesian nor a supply sider. I am a fiscal conservative Constitutionalist. I believe in the genius of the human spirit if allowed to be free.

 

[a777pilot]

We pay considerably less than damn near every other industrialized nation.
Of course, we try to provide too much shit too.

That is factually incorrect.

 

[boochi]

Jobs being moved overseas has nothing to do with the tax rate. The supply-side argument is already nullified and the Laugher Curve is a joke. Try a different schtick than the VooDoo Economics fools spout.

Bullshit

 

[a777pilot]

I paid almost $20K in federal and state taxes last year. So no, I do not want to pay more taxes and I would like to see large cuts in spending.

Cutting spending is where the first and most serious effort ought be made. I agree.

 

[LegendKiller]

I am not a Keynesian nor a supply sider. I am a fiscal conservative Constitutionalist. I believe in the genius of the human spirit if allowed to be free.

Ahh, so you're one of these guys who thinks that without the government the "market" would discover everything. If that's the case, please get off the internet, you don't believe in such government sponsored foolishness. Further, if you were actually a marine, get off the dole, as your entire existence is because of a bigger government. Further, if you were actually a pilot, turn in that pension/pay also, because without the government, civil aviation wouldn't be where it is.

We strike a good balance but you hypocrites want to turn back the clock to the 1800s. Life sucked then and this country wasn't that great until the government centralized things. But don't let reality get in your way, a777Hypocrite.

 

[LegendKiller]

Bullshit

To what? The Laugher Curve has been disproven over the last 30 years. GDP growth should be skyrocketing since we're giving these rich people tax cuts for 30 years, but guess what? It ain't happening.

The jobs moving overseas has far more to do with us having a modern economy with environmental regulations, labor laws, and not manipulating our currency like many asian countries to make their exports cheaper. Primarily the latter.

 

[wirednuts]

i think they should of course raise taxes- on the rich back to midrange levels they were during the clinton era. they currently pay less taxes then they ever have, am im sick of paying for their government services.

 

[Craig234]

It defies logic to think that the government will be given new money then keep it in a bank or something.

The government does a couple things with money, spend it and pay off its debt, which actually is putting the money into banks. Who said 'keep it in a bank'?

 

[a777pilot]

Ahh, so you're one of these guys who thinks that without the government the "market" would discover everything. If that's the case, please get off the internet, you don't believe in such government sponsored foolishness. Further, if you were actually a marine, get off the dole, as your entire existence is because of a bigger government. Further, if you were actually a pilot, turn in that pension/pay also, because without the government, civil aviation wouldn't be where it is.

We strike a good balance but you hypocrites want to turn back the clock to the 1800s. Life sucked then and this country wasn't that great until the government centralized things. But don't let reality get in your way, a777Hypocrite.

I say enough foolish things without your help. What you attribute to me, I did not say.

Government is a necessary evil. Being evil, government ought be controlled, limited and watched by the people closely, very closely.

I do not understand why a liberal such as yourself, that's an assumption, would want a government of more power and more control. I would think you would want to live a free and open life.

 

[Craig234]

To what? The Laugher Curve has been disproven over the last 30 years. GDP growth should be skyrocketing since we're giving these rich people tax cuts for 30 years, but guess what? It ain't happening.

The jobs moving overseas has far more to do with us having a modern economy with environmental regulations, labor laws, and not manipulating our currency like many asian countries to make their exports cheaper. Primarily the latter.

Jobs moving overseas reduces the money of American workers, increases the money of foreign workers and American corporation owners - in the short term, while American spends and borrows away its wealth on the imported good - until it's broke. At which point American workers simply lose out and fall in standard of living - less of everything, less healthcare, less goods and services to buy, whatever. And the rich enjoy their drained wealth.

 

[a777pilot]

i think they should of course raise taxes- on the rich back to midrange levels they were during the clinton era. they currently pay less taxes then they ever have, am im sick of paying for their government services.

Do you pay any income taxes at all?

 

[alphatarget1]

Tax increases are needed to address the deficit, and so is benefit cuts + a more efficient government with less wasted tax dollars. We are not fucking Greeks.

 

[LegendKiller]

I say enough foolish things without your help. What you attribute to me, I did not say.

Government is a necessary evil. Being evil, government ought be controlled, limited and watched by the people closely, very closely.

I do not understand why a liberal such as yourself, that's an assumption, would want a government of more power and more control. I would think you would want to live a free and open life.

Sorry, but I don't live in a fairy tale. I realize that as society progresses and our ideas become more educated, so should our society for the better of ALL of society, including those who are in the upper income brackets. Even from a self-serving perspective the vacuum of wealth to the top is eventually a self-defeating mechanism that will ultimately result in a revolt, thus from a non-egalitarian perspective it behooves me to promote policies that will both enrich and satisfy the lower income levels.

I too think that government should be smaller, but selectively smaller. I also think taxes should be higher to meet the goal of both promoting growth while providing essential services. To that extent I believe in universal healthcare but I think that SS, Medicare and Medicaid need to be overhauled, streamlined, and to some extent eliminated in areas. Furthermore, I advocate cutting the armed force budget in half.

To label me a "liberal" only shows how much of a hypocrite you are, a777Hypocrite. However, that should be expected with regressives such as yourself.

 

[shady28]

i think they should of course raise taxes- on the rich back to midrange levels they were during the clinton era. they currently pay less taxes then they ever have, am im sick of paying for their government services.

That's weird. Did you know that 20% of the population pay 75% of the taxes? Care to guess which 20% that is?

It's called biting the hand that feeds you. Most of these households simply have 2 successful professionals, we're not talking Bill Gates here.

And no, most of that 20% is not actually wealthy, they just have good jobs because they worked hard.

51% don't pay taxes, and that group is concentrated in the bottom quintile. See below link.

http://www.theatlantic.com/business...americans-pay-no-federal-income-taxes/238329/


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[SparkyJJO]

The government does a couple one thing with money, spend it and pay off its debt

Fixed for you.

 

[glenn1]

To what? The Laugher Curve has been disproven over the last 30 years. GDP growth should be skyrocketing since we're giving these rich people tax cuts for 30 years, but guess what? It ain't happening.

The jobs moving overseas has far more to do with us having a modern economy with environmental regulations, labor laws, and not manipulating our currency like many asian countries to make their exports cheaper. Primarily the latter.

You don't understand the Laffer Curve if you think it relates to GDP growth - it only theorizes that there should be a point between 0% and 100% tax rates where the maximum tax revenue is generated. In fact, the Curve implies that raising the tax rate will increase incoming tax revenues when the starting rate is low, and generates progressively less tax revenue (or even a negative amount) as the starting rate increases.

 

[soulcougher73]

I would rather see them trim the fat first and at least attempt to lower the budget. Then and only then that they have shown an honest gesture in doing so will i be ok with raising taxes to reduce the deficit even faster. But once its gone i want taxes lowered again and budget kept in check.

 

[LegendKiller]

You don't understand the Laffer Curve if you think it relates to GDP growth - it only theorizes that there should be a point between 0% and 100% tax rates where the maximum tax revenue is generated. In fact, the Curve implies that raising the tax rate will increase incoming tax revenues when the starting rate is low, and generates progressively less tax revenue (or even a negative amount) as the starting rate increases.

Oohh, I understand the Laugher Curve pretty well and it's been debunked. It has no grounding in reality once you adjust for economic noise. There are several studies that show this.

I know it's pretty sexy to show how tax rates as a % of GDP have stayed steady, say during the Clinton or Bush years, but that doesn't account for cap gains taxes relative to the economic upswing in the bubble years and the speculation that ultimately enriched the wealthy.

How the Laugher Curve is sold to the proletariat is that if we drop taxes to some sort of "ideal" part of the curve, economic factors will not be affected and, will overall, be beneficial while delivering the same tax revenue, "optimizing" collections and growth. However, the whole thing is a joke. The cuts didn't help anything, all they did was shift taxes to debt while allowing the rich to accumulate debt assets and interest at the expense of the middle class.

 

[IGBT]

when you do the math we are all ready paying over 60% tax. Tax is income confiscation and time out of your life to pay for that confiscation. So how much time out of your life are you willing to give to the tax junkies??

 

[Jaskalas]

I'll go for Clinton level taxes, but they won't touch the deficit. If that is the extent of our policy to correct the debt - then the debt will continue to skyrocket and we will go bankrupt.