pnh102
Reptiles Are Cuddly And Pretty
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join:2002-05-02
Mount Airy, MD
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| Rebate Checks + Permanent Tax Cuts
People always make better use of money than government.
Of course, the rebate checks are just a feel-good measure that won't really do squat for the economy. I know our checks will simply go towards existing debt. If you want real stimulus, lower all business taxes to 0, cut out most BS government regulations and make the other tax cuts permanent.
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Only SHATNER is Kirk. |
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BF69
join:2004-07-28
Camden, TN
| said by pnh102  :People always make better use of money than government. Of course, the rebate checks are just a feel-good measure that won't really do squat for the economy. I know our checks will simply go towards existing debt. If you want real stimulus, lower all business taxes to 0, cut out most BS government regulations and make the other tax cuts permanent. And who pays the taxes that business no longer have to pay? Someones taxes will have to go up. Business can exist because we live in a free society. Nothing wrong then with business helping to pay to maintain that free society so they can continue to exist. |
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Dogfather
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Laguna Hills, CA
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| No. You cut taxes on business it means more investment. More investment means more employment. More employment means more people paying taxes.
Every time there has been tax cuts whether Kennedy, Reagan or Bush, it has ALWAYS resulted in an INCREASE in revenues to the U.S. Treasury.
The problem is, as fast as it comes in, Congress spends it faster. |
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awesomepatro
join:2008-01-02 | This is the single dumbest thing ever posted on this site. |
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jimbo48
join:2000-11-17
Hayward, CA
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| reply to BF69
The consumer pays business taxes not the business. Business taxes are passed on to the consumer so the more the gov't taxes business, the higher their products cost you the consumer. Our infrastructures are crumbling and in decay, our national debt is climbing ever upward as we try to be the world cop and wanna-be saviour for every political economic and religious calamity in the world. Enough of the soapbox crap. I'd settle for reliable ADSL speeds because the mighty Verizon or any of the other Telcos-ISP aren't about to run FIOS to my neighborhood any time soon. They're too busy making lots of bucks with their current "non-offers".
BTW- FIOS isn't going to mean squat to someone who doesn't have the money for rent food or medicine much less ISP service. |
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BF69
join:2004-07-28
Camden, TN
| reply to Dogfather
said by Dogfather :No. You cut taxes on business it means more investment. More investment means more employment. More employment means more people paying taxes. Were already pretty much at full employment. That's just BS what you say. Most aren't going to invest in shit. I'm sick of hearing this. Bush said if you cut taxes and the rich they start a business and create jobs. Bullshit. If I'm rich and I get a tax cut I'm not creating no f-ing job. WTF do I care about poor ass people? The money will go right into thier pockets. You obviosuly are a wannabe millionaire that has no clue as to how the REAL world works.
by the way I'm self employed. That makes me a busines person and I can gaurantee you that I would LOVE to have to pay ZERO taxes. I can also gurantee you I'm not going to use that tax savings to create any jobs.
Every time there has been tax cuts whether Kennedy, Reagan or Bush, it has ALWAYS resulted in an INCREASE in revenues to the U.S. Treasury. By using that logic we should get rid of taxes all together then.
The problem is, as fast as it comes in, Congress spends it faster. Then why give tax cuts that will only increase the revenue to the treasury? Logic would dictate we REDUCE money coming into the treasury. |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
1 edit | reply to BF69
said by BF69 :And who pays the taxes that business no longer have to pay? How is that different than it is now? Businesses pay no taxes. They simply pass thoses costs on down to us in the form of higher prices. Always.
The government always ends up collecting more money when taxes are lowered. This is an irrefutable and indisputable fact that has been proven over and over each time it was tried. Even with eliminated business taxes, the government won't be anywhere close to starving for money.
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Only SHATNER is Kirk. |
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pnh102
Reptiles Are Cuddly And Pretty
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join:2002-05-02
Mount Airy, MD
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| reply to BF69
said by BF69 :Then why give tax cuts that will only increase the revenue to the treasury? Logic would dictate we REDUCE money coming into the treasury. And this is completely and totally wrong. Each time taxes were cut, back in the 1960s with JFK, back in the 1980s with Reagan, and in the early 2000s with Bush, revenues increased substantially.
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Only SHATNER is Kirk. |
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BF69
join:2004-07-28
Camden, TN
| reply to pnh102
said by pnh102 :said by BF69 :And who pays the taxes that business no longer have to pay? How is that different than it is now? Businesses pay no taxes. They simply pass thoses costs on down to us in the form of higher prices. Always. Um not quite.
The government always ends up collecting more money when taxes are lowered. This is an irrefutable and indisputable fact that has been proven over and over each time it was tried. Even with eliminated business taxes, the government won't be anywhere close to starving for money.
The get rid off all taxes and then the money will pore in. right? Does that sound logical? Your logic is like saying Burger King if cuts your pay in half and somehow at the end of the week you'll bring double your old pay home. |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
| said by BF69 :Um not quite. Um, yes, quite.
Where do you think businesses get their money? Do you think they have some sort of magical pot of cash hiding away somewhere where they can simply tap in case taxes are raised?
Businesses get their money when they sell products and services to consumers. All the costs of producing said goods and services are passed on down to the consumer. Taxes are simply another cost.
If you still don't want to believe me go look at all the government-mandated fees on your phone bill. Things like the 911 fee, USF BS and the like are all imposed by the government on the phone industry, and yet, we pay for them in the form of higher phone bills.
said by BF69 :The get rid off all taxes and then the money will pore in. right? When did I say we should get rid of all taxes? Of course the government needs some tax revenue in order to operate. But taxing business simply imposes double taxation on people.
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Only SHATNER is Kirk. |
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BF69
join:2004-07-28
Camden, TN
| reply to pnh102
said by pnh102 :said by BF69 :Then why give tax cuts that will only increase the revenue to the treasury? Logic would dictate we REDUCE money coming into the treasury. And this is completely and totally wrong. Each time taxes were cut, back in the 1960s with JFK, back in the 1980s with Reagan, and in the early 2000s with Bush, revenues increased substantially. Can you READ? Try it. Yes revenues will increase and then the government will just watse those extra tax dollars. Isn't that what you're bitching about in the first place? That the governemnt wastes our tax dolalrs and yet you propose doing something that will actually give them MORE? |
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Dogfather
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join:2007-12-26
Laguna Hills, CA
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| reply to BF69
Re: Rebate Checks + Permanent Tax Cuts
We're not anywhere near full employment. And what jobs are here aren't good paying ones. Our manufacturing and steel industries have been decimated.
Having everyone working at Wal*Mart may be a good thing to you, but it isn't to me.
You seem to be confused about business taxes.
I'm not saying business OWNERS wouldn't pay taxes. What I'm saying is the corporation as a legal entity wouldn't pay tax. The salaries of the CEO and all the employees would continue be taxed.
All taxing a corporation does is drive business out of the country and make products more expensive. Business leaves taking tax paying jobs with them. |
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Dogfather
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| reply to BF69
Sure, so we should continue driving business out of the country because Congress has a spending problem.
I suppose we should stop writing speed tickets too since we can't catch all the drunk drivers.
Spending and revenue are issues that can be tackled separately. |
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BF69
join:2004-07-28
Camden, TN
| reply to pnh102
Re: Rebate Checks + Permanent Tax Cuts
said by pnh102 :When did I say we should get rid of all taxes? Do you even read what you write? You claim that less taxes means more revenue. So then going to the logical conclusion then no taxes should provide the most revenue. If not then what is the lowest tax rate to provide to most revenue? If you can't answer that then I suggest you leave the taxing policy to the experts. |
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Dogfather
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Laguna Hills, CA
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1 edit | Who like you? You're the expert who doesn't know the difference between corporate and personal income tax.
Absolutely zero taxes can mean more revenue. It just depends on the tax. You can eliminate 1 tax and it result in huge revenue increases through other taxation. You can cut RATES in a particular tax and the growth it stimulated results in an increase in revenue in that tax. We've seen this proved lots of times.
I guess being a tax genius you would remember that, up until 1913 there was no income tax save for the 3% Civil War tax. This nation functioned just fine on excise and other taxes. It was the 16th Amendment that start the big government revolution. |
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bogey780
join:2004-03-19
Here | reply to Dogfather
'We're not anywhere near full employment.'
4-5% is considered near full employment. Generally you leave some shoulder room because some people will just never try to work. |
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Dogfather
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| reply to awesomepatro
said by awesomepatro :This is the single dumbest thing ever posted on this site. I agree, your post is the dumbest ever. Meanwhile, mine is 100% factually correct. My guess is you are a victim of the public school system thus have no understanding of the effect tax cuts have had on Treasury revenues in the 60's, 80's and 2000's. |
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bogey780
join:2004-03-19
Here | reply to BF69
There's a median between 100% and 0% that is ideal. The Laffer Curve is absolutely right. |
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