 DaveDudeNo Fear
join:1999-09-01
New Jersey
kudos:1 | If the facts dont fit... I have never seen such grandstanding before in my life, with this administration. Suddenly because they said, its factual. How about lowering taxes, and free market healthcare ? |
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| said by DaveDude:I have never seen such grandstanding before in my life, with this administration. Suddenly because they said, its factual. How about lowering taxes, and free market healthcare ? I agree, please so this and you should have alot of haters turn very happy. |
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Better still! NO taxes and FREE healthcare! |
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| rd, your biting yet subtle sarcasm brought a smile to my face. |
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 IT GuyOw, My BallsPremium
join:2004-07-29
Las Cruces, NM | reply to DaveDude
This is off-topic, but an issue that bugs me all the same. Admittedly, I am no tax expert by any means. But I think it is extremely unrealistic to expect taxes to go down at all in the face of our extreme debt and economic woes.
Can someone explain to me how we can pay down our country's debt without raising taxes?
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 jester121Premium
join:2003-08-09
Lake Zurich, IL | Tax rate cuts stimulate the economy every time they've been tried, the problem is that the crooks in Washington (and in nearly every state capital) won't curb their spending along with it to balance a budget and pay off debt. |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to IT Guy
said by IT Guy:Can someone explain to me how we can pay down our country's debt without raising taxes? Cut spending. It's no different than balancing your checkbook. Basic principle, don't spend more than you earn. |
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 huntml
join:2002-01-23
Mullica Hill, NJ
3 edits | According to figures I've seen, only about 19% of US govt spending is both discretionary and unrelated to defense/'war on terror'/etc.
And non-discretionary things like Medicare and Social Security are growing at rates that are multiples of everything else.
This being the case, you could cut ALL of the discretionary spending not related to defense and security -- all transportation spending, all non-legal and non-defense regulatory spending on things like FDA, OSHA, FTC, FCC, EPA, welfare, etc. -- and we'd still be in a huge hole, budget-wise. |
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wentlancYou Can't Fix Dumb..
join:2003-07-30
Maineville, OH | reply to IT Guy
Get corporations to pay their fair share, rather than having lots of loopholes to hide their money in! |
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 TransmasterDon't Blame Me I Voted For Bill and Opus
join:2001-06-20
Cheyenne, WY
 ·CenturyLink
| said by wentlanc:Get corporations to pay their fair share, rather than having lots of loopholes to hide their money in! How long is it going to be before people realize corporations do not pay the taxes that are levied on them they just past it on to who ever it is that consumes what ever it is they make.
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I am quite sure now that often, very often, in matters concerning religion and politics a man's reasoning powers are not above the monkey's.
- Mark Twain in Eruption |
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said by jester121:Tax rate cuts stimulate the economy every time they've been tried, .... right wing myth. all available data shows the stimulative effects of tax cuts are small, at best.
and tax cuts DO NOT pay for themselves.
from the WSJ: »blogs.wsj.com/washwire/2007/07/2···s-faded/
In a letter to Spratt released Friday, CBO director Peter Orszag said, “The short-term effects of EGTRRA and JGTRRA in stimulating aggregate demand in the economy have largely dissipated by now, and the supply-side effects of those policies are uncertain but are probably small.”
Congressional budget office fact sheet: »budget.senate.gov/democratic/pre···2702.pdf
CBO Confirms that the Tax Cut is the Primary Cause for Deterioration of the Budget. These
new estimates confirm – despite continuing efforts by the White House to mislead the public about
this – that the President’s tax cut enacted last year is the single biggest cause of the deterioration in
the budget. |
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jester121Premium
join:2003-08-09
Lake Zurich, IL | said by nasadude:right wing myth. all available data shows the stimulative effects of tax cuts are small, at best. and tax cuts DO NOT pay for themselves. from the WSJ: » blogs.wsj.com/washwire/2007/07/2···s-faded/In a letter to Spratt released Friday, CBO director Peter Orszag said, “The short-term effects of EGTRRA and JGTRRA in stimulating aggregate demand in the economy have largely dissipated by now, and the supply-side effects of those policies are uncertain but are probably small.”Congressional budget office fact sheet: » budget.senate.gov/democratic/pre···2702.pdfCBO Confirms that the Tax Cut is the Primary Cause for Deterioration of the Budget. These
new estimates confirm – despite continuing efforts by the White House to mislead the public about
this – that the President’s tax cut enacted last year is the single biggest cause of the deterioration in
the budget. Typical left wing knee jerk propaganda. (Quoting a publication like the WSJ is nice, but when they're relying on the numbers from the partisan CBO it's kind of moot. And pay special attention to the URL in your second reference: budget.senate.gov/ democratic/pre···2702.pdf For an equally partisan response: » www.heritage.org/Press/NewsRelea···807a.cfmThrowing around phrases like "all available data" doesn't help you make your point, it just makes you sound like you think you're smarter than everyone else. |
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1 edit | said by jester121:Typical left wing knee jerk propaganda. .... I expected that response. The congressional budget office is widely accepted as non-partisan, with studies, analysis, etc. being requested and used by both republicans and democrats.
as for the heritage foundation, if they said the sun rises in the east and sets in the west, I would not believe it unless I had observed it myself.
forgot to mention: everyone knows facts have a liberal bias |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to huntml
Make no mistake, drastic debts require drastic measures to pay for them. There's a lot of fat wrapped up in various pieces of government. Tightening the belt isn't palatable for some, but there are a lot of programs that can be downsized or cut altogether. Federal jobs would most likely need to be cut along with several social and other government programs. None of which will be tolerated by special interests in Washington, so I predict continued growth in our debt. |
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openbox9Premium
join:2004-01-26
japan
kudos:2 | reply to wentlanc
Corporate tax rates are higher than individual tax rates  |
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 knightmbEverybody Lies
join:2003-12-01
Franklin, TN | said by openbox9:Corporate tax rates are higher than individual tax rates They are except that's only the surface. Underneath the higher tax rate is tons of loops holes that basically eliminate tax.
As a business owner myself, I've yet to ever pay any tax since start my own business. As an individual, I was paying tax every year due to my low deductible.
The only reason I know is because I've always done my own taxes. When you are an individual (or married), about the only thing that helps is donations and investment accounts.
As a business, suddenly an entire world of *loopholes* opens. Now, everything I do is a *business expense* to some degree and while 50% off here and there isn't much, it all adds up in the end.
Every year, I don't pay a dime to the IRS and still get money back. Before, I payed out a portion of every pay check only to get some of it back next year (but my net gain was still really a loss). As a small business, I know what I could do if I churned more employees and money.
The tax system in this country is way, way, way over-biased to business. So much so that I tell my friends to start their own business and run it at a loss because you'll come up ahead in taxes every year for only a $15 a year fee for the business license.
Yes, I just gave away some expense tax advice, consider it a gift. 
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huntml
join:2002-01-23
Mullica Hill, NJ
2 edits | reply to openbox9
said by openbox9:Corporate tax rates are higher than individual tax rates True as far as it goes, but I've talked about this with several self-employed or incorporated people I know, who all agreed that if they were paying anything close to the marginal rate, they'd have fired their accountants for incompetence years ago. |
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huntml
join:2002-01-23
Mullica Hill, NJ | reply to openbox9
said by openbox9:Make no mistake, drastic debts require drastic measures to pay for them. There's a lot of fat wrapped up in various pieces of government. Tightening the belt isn't palatable for some, but there are a lot of programs that can be downsized or cut altogether. Federal jobs would most likely need to be cut along with several social and other government programs. None of which will be tolerated by special interests in Washington, so I predict continued growth in our debt. Yes, but even if all the discretionary parts of the budget were comprised of 50% waste, you'd only be able to shave about 10% of the bottom line. That might get us just about to the black now, or slightly above the line, but at the rate entitlements are growing we'd be in the same position in a few years. |
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huntml
join:2002-01-23
Mullica Hill, NJ
1 edit | reply to nasadude
said by nasadude:I expected that response. The congressional budget office is widely accepted as non-partisan, with studies, analysis, etc. being requested and used by both republicans and democrats. as for the heritage foundation, if they said the sun rises in the east and sets in the west, I would not believe it unless I had observed it myself. forgot to mention: everyone knows facts have a liberal bias I've never heard a sitting congressman or senator OF EITHER PARTY accuse the CBO of being biased.
In fact, I'm sure that if there were any such case to be made, it would be part of the standard set of talking points for whichever party was in the minority at any given time, and you'd have been hearing it every Sunday on the talking head shows for years now, regardless of which party was in control of Congress. |
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 Rogue WolfReally Ties The Room Together
join:2003-08-12
Troy, NY | reply to Transmaster
Sadly, many people keep forgetting this. When faced with higher taxes, a corporation's executive staff will not say "Well, let's pay ourselves less to make up for it", they will say "Well, let's raise prices to make up for it" or "Well, let's cut back on service/employees/benefits to make up for it".
Let's make taxes fairer for everyone, sure, but let's also remember that corporations get their money from us.
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Hexadecimal humor really turns me 0FF. |
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