 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | Re: Dems don't like to foreclose on future taxes said by n2jtx:Not that I want to support either party since I am an independent but at least the Democrats have the guts to face the need to raise taxes. What need?
Low taxes have been irrefutably proven to bring in more tax revenue. The US Federal Government brings in more revenue each year than the last year. The only problem is it can't stop finding new things on which to spend money.
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Only SHATNER is Kirk. | |
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 Ahrenl
join:2004-10-26
North Andover, MA
1 edit | Re: Dems don't like to foreclose on future taxes said by pnh102:Low taxes have been irrefutably proven to bring in more tax revenue. FALSE. | |
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 | pnh102Reptiles Are Cuddly And PrettyPremium
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Mount Airy, MD | Re: Dems don't like to foreclose on future taxes said by Ahrenl:said by pnh102:Low taxes have been irrefutably proven to bring in more tax revenue. FALSE. Yawn. Perhaps you ought to review the taxing policies of JFK, Reagan and Bush 43 and take a look at the increases in revenue before making such a mistake.
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| | Ahrenl
join:2004-10-26
North Andover, MA | Re: Dems don't like to foreclose on future taxes Since you've obviously never thought about it yourself, I'll give you a simple, unrealistic, example.
If you are taking in $100,000,000,000 in tax revenue at 1% and cut the rate to 0%, how much are you taking in?
That's an INCREDIBLY contentious issue, so to say that it has been irrefutably proven is absolute rubish. Not only does the economic environ that exists at the time have a HUGE impact on this measure, the level that you're coming from and going to matter more as well. For example, cutting the capital gains tax rate 1% right now, would undoubtedly REDUCE tax revenue's. While raising it 1% would most likely increase revenue's without changing economic habits. There's also the question of weather setting a rate TOO low (IOW below where the rate can fund the government) isn't just stealing revenue from the future. Frankly having a capital gains rate BELOW the poverty level income rate is at worst criminal. Capital gains should be equal to or slightly below your income tax rate. ESPECIALLY when you're AT WAR. The top tax rate during WWII was 94%. | |
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| | | pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | Re: Dems don't like to foreclose on future taxes Your example is irrelevant as history completely and thoroughly contradicts you.
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| | | | Ahrenl
join:2004-10-26
North Andover, MA
1 edit | Re: Dems don't like to foreclose on future taxes Of course it is. 
History contradicts everything, everywhere. If you truly believe that ANY economic policy has been irrefutably proven, than we have nothing more to say; because you know nothing about economic policy accept what you've been spoon fed. | |
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| | | | | pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | Re: Dems don't like to foreclose on future taxes said by Ahrenl:History contradicts everything, everywhere. I'm sorry dude. If you look at how much more money the US Federal government took in after the tax cuts of JFK, Reagan and Bush 43, then you would see how it is always true that tax cuts always result in more government revenue. Always.
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| | | | | | Ahrenl
join:2004-10-26
North Andover, MA | Re: Dems don't like to foreclose on future taxes I'm sorry, but if you think there is any economic policy that works "always" than you don't have any idea what you're talking about. Futher I haven't seen/heard/read ANYONE say that tax cuts ALWAYS increase revenue; considering that now, for the first time, it is coming from someone who displays signs of ignorance, you'll forgive me if I won't give your assertions consideration. | |
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| | | | | | | pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | Re: Dems don't like to foreclose on future taxes said by Ahrenl:I'm sorry, but if you think there is any economic policy that works "always" than you don't have any idea what you're talking about. And again, you are wrong. The record proves you to be completely and totally wrong. You might as well argue that the sky is plaid.
said by Ahrenl: Futher I haven't seen/heard/read ANYONE say that tax cuts ALWAYS increase revenue; Keep looking.
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| | | | | | | | Ahrenl
join:2004-10-26
North Andover, MA | Re: Dems don't like to foreclose on future taxes No I'm not, and no it doesn't. | |
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| |  n2jtx
join:2001-01-13
Glen Head, NY
 ·Optimum Online
| said by pnh102:Yawn. Perhaps you ought to review the taxing policies of JFK, Reagan and Bush 43 and take a look at the increases in revenue before making such a mistake. Can't speak for JFK but Reagan and Bush 43 caused the national debt (anyone remember that there is one?) to soar to mammoth heights. It was Bush 41 ("Read My Lips") who raised taxes which then gave Clinton the ability to show a budget surplus and actually start paying down the debt. IIRC we had a booming economy for years in the 1990's despite the higher taxes. Now we have $9.05 trillion in debt, a dollar that is losing value daily against the major world currencies and I haven't a clue how we are going to pay off the IOU's. I abhor the idea of having to pay any more taxes but we got the government we deserve and we are going to have to pay for it some how. | |
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| | | | | Re: Dems don't like to foreclose on future taxes Historically, the government has collected approximately 20% of GDP regardless of the income tax rate. So, would you want to collect 20% of a smaller GDP (higher taxes) OR 20% of a larger GDP (lower taxes)?
»en.wikipedia.org/wiki/Laffer_curve | |
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| | | pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | I'm not talking about spending.
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