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You lack fundamental knowledge.
You lack fundamental knowledge about how a budget works. I hope your wife handles the money in your famiily.
You lack fundamental knowledge.
what money?
So you wouldn't mind taking a sizable cut to your income. After all, it would cost you nothing.
You can try to rehash the lie that tax cuts result in higher revenues, but it doesn't work out that way. Add to that the fact that Bush and the Republicans increased the budget at the same time, you get higher deficits.
The same thing is happening now under Obama. The only reason you are upset about it now is that it isn't your team ruining things.
How did you reach this conclusion?
logic
Explain this "logic."
I already take a cut of my income.
Maybe if would like to post about all this nonsense you speak of, you should make an op. Why can you not post about this op here?
aren't you a trust fund baby?
So?
According to you, having less money coming in wouldn't cost you anything.
Were you lying or just wrong?
Maybe you can explain your "logic" that led you to conclude tax cuts don't cost anything.Maybe if would like to post about all this nonsense you speak of, you should make an op. Why can you not post about this op here?
Unless you think your logic is nonsense.
You're associating money I earned through work with money the govt. is taxing at a certain rate. illogical. wrong. fail.
I am comparing one budget to another budget.
In both budgets, money comes in and money is spent.
It's an extremely logical comparison.
Sorry it makes you mad that you can't explain what you call your logic, but I'll ask you again to explain your logic that tax cuts don't cost anything.
Ok what is a tax cut?
Actually no what are taxes?
For the purposes of a federal budget, a decrease in money coming in.
For the purposes of a federal budget, money coming in.
Why are you not explaining your logic?
My logic is this: the cost of large tax cuts is an large increase in the federal deficit.
Your logic is, what? You don't like taxes so you can pretend the federal government doesn't need any money?
So you can't explain your logic.
Good job.
Federal deficits are the result of expenditures being greater than revenue.
Democrats and Republicans are equally guilty.
The political electoral process encourages ever increasing spending.
Continuing to increase spending and taxes endlessly is simply not feasible.
The real question is how much tax is enough for the Federal government to do the job it is tasked with in the cons ution.
I say they already take a big enough slice of the GDP.
You say they don't.
It's currently 28.2%. I say that should be enough for the Feds to do the job they are cons utionally obligated to do.
How much do you want Chump?
35%? 50%? 75%?
How much is enough?
Would a tax cut to 0% cost anything?
Technically speaking, no.
How about back to what it was before the tax cuts? The man you voted for president opposed those tax cuts, and now it's suddenly socialism or communism to restore the tax rates to what they were before the tax cuts?
Last edited by DMX7; 07-24-2010 at 04:19 PM.
Why don't they keep the tax cuts? They aren't paying for anything they do anyway. Why keep the charade going?
DMX7, you could tax everyone at 100% and it wouldn't be enough to pay for the programs now in place.
The point is, raising taxes isn't going to solve anything. Controlling spending and eliminating waste, fraud, and abuse are the only solutions.
Tax policy and spending policy really need to be two separate conversations.
John Kerry gave us the latest example of what happens when you raise taxes beyond a certain level. Instead of docking his brand new yacht in Massachussets and paying the $500,000 sales tax, he docked elsewhere -- where, I presume, the taxes aren't so punitive.
This is an example of how higher taxes actually results in lower tax revenue. Simply raising taxes doesn't increase revenue and, at some point, it actually causes taxpayers to shelter assets and incomes where their tax obligation is actually lower.
Good point, soldier.
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