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NetAdmin1
CCNA

join:2008-05-22
reply to ropeguru

Re: support from scofflaws?

said by ropeguru:

But the fact of the matter is that it will be raise don those that hire people to work for them. When this happens, it will just force more companies to downsize and move overseas which will kill the economy even more.
I have heard that claim made many times - that raising the tax rates on the PERSONAL incomes of CEOs, other overpaid execs and people with high incomes would result force companies to downsize - but have yet to see anyone prove that higher tax rates on PERSONAL income and unemployment rates are linked. I would believe high corporate tax rates might affect employment numbers, but not taxes on personal income.
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ropeguru
Premium
join:2001-01-25
Mechanicsville, VA

1 edit
said by NetAdmin1:

said by ropeguru:

But the fact of the matter is that it will be raise don those that hire people to work for them. When this happens, it will just force more companies to downsize and move overseas which will kill the economy even more.
I have heard that claim made many times - that raising the tax rates on the PERSONAL incomes of CEOs, other overpaid execs and people with high incomes would result force companies to downsize - but have yet to see anyone prove that higher tax rates on PERSONAL income and unemployment rates are linked. I would believe high corporate tax rates might affect employment numbers, but not taxes on personal income.
I wasn't talking only about personal incomes. He stands to raise taxes and put other burdens directly on businesses too. That is where the issue will be in forcing them overseas.


knightmb
Everybody Lies

join:2003-12-01
Franklin, TN
said by ropeguru:

I wasn't talking only about personal incomes. He stands to raise taxes and put other burdens directly on businesses too. That is where the issue will be in forcing them overseas.
Spin on words, you forgot that the raise on taxes for business can be offset by keeping jobs here, good health insurance for employees, and many other tax breaks/perks for the business that would be in the same tax plan, etc. All of which their Accountant/Tax CPA will know about and certainly use come tax time. You should really read in depth of what both candidates want to do because you are just taking one part "he's going to raise taxes" and applying the chicken little sky falling effect to it.
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