You don't raise taxes during a recession

[spursncowboys]

You calling anyone a colossal idiot. lol

[ElNono]

Maybe he's thinking the higher revenues generated from lower taxes was a tax increase?

He couldn't possibly think that since lower taxes have never generated higher revenues.

[Wild Cobra]

He couldn't possibly think that since lower taxes have never generated higher revenues.

OK.

What ever you say.

[ElNono]

What ever you say.

You should've started there and saved a whole lot of posts, tbh

[Wild Cobra]

You should've started there and saved a whole lot of posts, tbh

LOL...


I didn't mean I agreed with you. It's just I have no intention of wasting my time with you over this. We have gone over it too many times in the past. Neither of us are changing each others mind.

[ChumpDumper]

Just because I didn't refute it doesn't mean it's factual. Where did you get your information? Link?

http://history.nih.gov/research/downloads/PL97-248.pdf

Feel free to refute it.

[ElNono]

I didn't mean I agreed with you. It's just I have no intention of wasting my time with you over this.

This isn't something to agree/disagree with. It's not an opinion. You already did the research and it's simply a fact.

[Wild Cobra]

http://history.nih.gov/research/downloads/PL97-248.pdf

Feel free to refute it.

I see.

Removing unintended loopholes is raising taxes.

OK. I get it. I too am in favor of such measures.

[ChumpDumper]

I see.

Removing unintended loopholes is raising taxes.

OK. I get it. I too am in favor of such measures.

During a recession, no less.

[LnGrrrR]

Wont making rich people pay more money by eliminating reductions cause them to flee America? Isn't that the logic?

[ChumpDumper]

WC is in favor of killing jobs!

During a recession!

[ChumpDumper]

Damn, Reagan more than doubled the excise tax on gasoline during a recession too!

[Wild Cobra]

Wont making rich people pay more money by eliminating reductions cause them to flee America? Isn't that the logic?

That's why their tax rates need to be reduces also. They are fleeing already. What are we going to do to keep them here?

[Wild Cobra]

Damn, Reagan more than doubled the excise tax on gasoline during a recession too!

Whoop-t-doo...

3 cents to 8 cents...

Gasoline tax should be indexed to inflation anyway. A fixed cent/gallon makes no cents (pun intended.)

[ChumpDumper]

So you guys really don't have a problem with raising taxes during a recession.

[Winehole23]

I think it's reasonable to be concerned about our fiscal situation and to adjust accordingly, even in a "recovery".

[Winehole23]

Obama doesnt seem to have a problem with it.

[DJ Mbenga]

just lower taxes for people making more than 1 million to 0%. that way unemployment drops to 5 % quickly. cause lower taxes =jobs

[Winehole23]

Besides, isn't the recession already technically over, probably?

[LnGrrrR]

That's why their tax rates need to be reduces also. They are fleeing already. What are we going to do to keep them here?

I thought you said a flat tax rate, without loopholes, might bring in more tax money from the upper class?

Do you think we should lower the tax burden on the rich and shift it to the middle class and/or poor? Or should the govt just take less revenue in?

[boutons_deux]

"They are fleeing already"

link? proof?

NYC and CA, with state income taxes and state/city sales taxes, are full of multi-millionaires and billionaires, have been for a long time. They don't flee (but they almost certainly avoid and/or criminally evade paying all their taxes).

[RandomGuy]

Why? You are just repeating what an orchastra of liberal writers and bloggers are quoting from their favorite sci-fi novelist Paul Krugman. Why should I be in the business of doing your citing. You clearly don't do your homework. I also didn't get it from a blog. I actually did the math re .

The figures are yours, and it is not anyone else's responsibility to figure out where you got them from.

If you give a figure, at least do everyone the courtesy of telling them where you got it, so we can judge for ourselves how much credence to give them.

[Agloco]

I agree but I disagree.

I say we need to go back to a maximum 28% marginal rate for top earners, but at the same time, eliminate nearly all deductions on gross income.If we are to actually raise taxes, then go back to the 15%/28% min/max marginal rates.

I wonder what effect that would have on a middle class family with very little disposable income to begin with.

I can't see it as being positive.

[RandomGuy]

For the class warfare Dems- lower class. It is their vote getter. 1. Makes people think they are taking from the evil rich and 2. Gives them an attack on the Repubs. However, like always, when the Buerocrats start making the actual wording is when the upperclass gets their say with all their loopholes and exceptions. So in the end it's equal, IMO.

The GOP is fighting class warfare already for the upper class. It is their vote getter.

As I have said before, the accusation that Democrats are only interested in "class warfare" is another hollow one to me.

Class warfare is being waged already, and the upper class with its vast resources is winning in shifting the burden of government to the middle and lower classes.

They do this through all sorts of policies, and they use Republicans to do the fighting for them to enact those policies. To think only one side is doing it, is naive.

Class warfare has always existed, and we don't like to admit that because we still buy into the myth that social mobility is available to everyone.

[RandomGuy]

I wonder what effect that would have on a middle class family with very little disposable income to begin with.

I can't see it as being positive.

It is hard to estimate the real ultimate effect of eliminating all the deductions, if only because of the sheer number of them.

As I noted earlier, the best estimates say that we could lower the "book" rate by quite a bit, simply because those deductions undermine the current stated rates of income tax on various levels of income.

If you have a rule, but allow almost everybody to be exempt from that rule, why bother with the fiction? I think it would be a uva lot more honest to just have a more firm rule with no exceptions.

The problem is that we pull the "lever" of the tax code to accomplish all manner of social engineering, from encouraging home ownership, to encouraging people to go to college.

It is an easy thing to do. We could just as easily provide direct payments that would be a bit more transparent, something I would be all for.