Should we let the Bush Tax Cuts expire?

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  • TheDoc
    Too lazy to set a custom title
    • Jul 2001
    • 13827
    #46
    Originally posted by 12clicks
    Sorry clown. My dog knows more about economics than you do.
    Maybe so, however you know nothing.



    Originally posted by 12clicks
    http://www.house.gov/jec/fiscal/tx-g...t/reag***t.htm

    Oh look, the governments own website calls you a liar.

    Now run along kid, once again you type about that which you know nothing
    That displays a totally different point, direction and view point of what I said. If you're going to call someone a liar at least attempt to get the argument right before you make yourself look stupid.

    No run along and pretend that you have any type of clue about anything as usual.
    ~TheDoc - ICQ7765825
    It's all disambiguation

      Comment

      • 12clicks
        Too lazy to set a custom title
        • Jan 2001
        • 19813
        #47
        Shut the fuck up and go away, silly liar.
        Hahahaha
        I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

          Comment

          • TheDoc
            Too lazy to set a custom title
            • Jul 2001
            • 13827
            #48
            Originally posted by 12clicks
            Shut the fuck up and go away, silly liar.
            Hahahaha
            It must piss you of when you betters shut you down..




            p.s. Regan's stupid as tax policy spiked our deficits larger than it had ever been in history... But hey, cutting taxes makes the rich spend so much more the deficits doesn't go up - no wait...

            Listen idiot... spending may go up (for the top 1%), but if they don't collect enough money to pay the bills, it makes no difference.

            Now get back to high school and learn some basic math.
            Last edited by TheDoc; 11-06-2010, 04:23 PM.
            ~TheDoc - ICQ7765825
            It's all disambiguation

              Comment

              • 12clicks
                Too lazy to set a custom title
                • Jan 2001
                • 19813
                #49
                Originally posted by TheDoc
                We've had way higher taxes before and they collected a much higher percentage of the money. And they didn't collect less with the "higher" rates under Clinton - which is what we are returning to.

                I think you may want to read up on some history.
                """Moreover, according to the FY 1997 Clinton budget submission, individual income tax revenues as a share of GDP will be lower during the first four years of the Clinton tax increase, which include the effects of the 1990 tax increase, than under the last four years of the Reagan tax changes"""


                There, that should help you're incredibly small mind.
                I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                  Comment

                  • TheDoc
                    Too lazy to set a custom title
                    • Jul 2001
                    • 13827
                    #50
                    Originally posted by 12clicks
                    """Moreover, according to the FY 1997 Clinton budget submission, individual income tax revenues as a share of GDP will be lower during the first four years of the Clinton tax increase, which include the effects of the 1990 tax increase, than under the last four years of the Reagan tax changes"""


                    There, that should help you're incredibly small mind.
                    As a share of GDP, sure... first 4 years, sure and previous increases too? Maybe, of course that many years probably like 50 things factor in..... anyway what happened the 4 years after that? Well now, we know that story.

                    Speaking of small minds... you haven't made a valid argument yet.
                    Last edited by TheDoc; 11-06-2010, 04:27 PM.
                    ~TheDoc - ICQ7765825
                    It's all disambiguation

                      Comment

                      • 12clicks
                        Too lazy to set a custom title
                        • Jan 2001
                        • 19813
                        #51
                        Originally posted by TheDoc
                        It must piss you of when you betters shut you down..




                        p.s. Regan's stupid as tax policy spiked our deficits larger than it had ever been in history... But hey, cutting taxes makes the rich spend so much more the deficits doesn't go up - no wait...

                        Listen idiot... spending may go up (for the top 1%), but if they don't collect enough money to pay the bills, it makes no difference.

                        Now get back to high school and learn some basic math.
                        I'm not sure who this idiot is arguing with now, himself or the truth.

                        It doesn't really matter
                        I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                          Comment

                          • TheDoc
                            Too lazy to set a custom title
                            • Jul 2001
                            • 13827
                            #52
                            http://www.taxpolicycenter.org/taxfa....cfm?Docid=200

                            Odd, looks like we took in less money through the 80's (and most tax cuts)... but hey, if the 1% spend more - shit is right on track with the tea baggers!
                            ~TheDoc - ICQ7765825
                            It's all disambiguation

                              Comment

                              • TheDoc
                                Too lazy to set a custom title
                                • Jul 2001
                                • 13827
                                #53
                                Originally posted by 12clicks
                                I'm not sure who this idiot is arguing with now, himself or the truth.

                                It doesn't really matter
                                Well it isn't you... you're unable to argue anything.

                                And I bump you one,
                                ~TheDoc - ICQ7765825
                                It's all disambiguation

                                  Comment

                                  • 12clicks
                                    Too lazy to set a custom title
                                    • Jan 2001
                                    • 19813
                                    #54
                                    Originally posted by TheDoc
                                    We've had way higher taxes before and they collected a much higher percentage of the money. And they didn't collect less with the "higher" rates under Clinton - which is what we are returning to.

                                    I think you may want to read up on some history.
                                    """Moreover, according to the FY 1997 Clinton budget submission, individual income tax revenues as a share of GDP will be lower during the first four years of the Clinton tax increase, which include the effects of the 1990 tax increase, than under the last four years of the Reagan tax changes"""
                                    I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                      Comment

                                      • 12clicks
                                        Too lazy to set a custom title
                                        • Jan 2001
                                        • 19813
                                        #55
                                        """The economic benefits of ERTA were summarized by President Clinton's Council of Economic Advisers in 1994: "It is undeniable that the sharp reduction in taxes in the early 1980s was a strong impetus to economic growth." Unfortunately, the Council could not bring itself to acknowledge the counterproductive effects high marginal tax rates can have upon taxpayer behavior and tax avoidance activities."""
                                        I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                                          Comment

                                          • TheDoc
                                            Too lazy to set a custom title
                                            • Jul 2001
                                            • 13827
                                            #56
                                            Originally posted by 12clicks
                                            """Moreover, according to the FY 1997 Clinton budget submission, individual income tax revenues as a share of GDP will be lower during the first four years of the Clinton tax increase, which include the effects of the 1990 tax increase, than under the last four years of the Reagan tax changes"""
                                            Or we could look at that and say, it took TWO tax increases to reverse the damage or 8 years before they could balance out things and give us a surplus.

                                            Why do they/you ignore the other 4 years? AFTER the increases, when we know the results?

                                            Originally posted by 12clicks
                                            """The economic benefits of ERTA were summarized by President Clinton's Council of Economic Advisers in 1994: "It is undeniable that the sharp reduction in taxes in the early 1980s was a strong impetus to economic growth." Unfortunately, the Council could not bring itself to acknowledge the counterproductive effects high marginal tax rates can have upon taxpayer behavior and tax avoidance activities."""
                                            However they ignored the record deficit it created. So in a way, the Gov spending money to cover its ass 'one way or another' seems to pave the way for economic recovery by those standards.
                                            ~TheDoc - ICQ7765825
                                            It's all disambiguation

                                              Comment

                                              • Vendzilla
                                                Biker Gnome
                                                • Mar 2004
                                                • 23200
                                                #57
                                                lets go back in history a little

                                                June 6th, Revenue Act of 1932 passed, the largest peacetime tax increase in the nation's history to that date
                                                raised top tax rates from 25% to 63%
                                                reduced personal exemptions from $1,500 to $1,000 for single persons
                                                reduced personal exemptions from $3,500 to $2,500 for married couples

                                                August 30th,1935 Revenue Act (Wealth Tax Act ) passed.
                                                Increased the surtax rate on individual incomes over $50,000, the estate tax on individual estates over $40,000 and graduated steeply taxes on individual incomes over $1 million until the rate was 75% in excess of $5 million.
                                                Decreased the small corporation tax rate to 12% while increasing the corporate tax, on incomes above $15,000 to 15%.
                                                Some excess profits over 10% were taxed at a 6% rate and in excess of 15% at a 12% rate.





                                                It was years after this that the Great Depression ended, lets learn from history, raising taxes doesn't work
                                                Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                think about that

                                                  Comment

                                                  • TheDoc
                                                    Too lazy to set a custom title
                                                    • Jul 2001
                                                    • 13827
                                                    #58
                                                    Originally posted by Vendzilla
                                                    lets go back in history a little

                                                    June 6th, Revenue Act of 1932 passed, the largest peacetime tax increase in the nation's history to that date
                                                    raised top tax rates from 25% to 63%
                                                    reduced personal exemptions from $1,500 to $1,000 for single persons
                                                    reduced personal exemptions from $3,500 to $2,500 for married couples

                                                    August 30th,1935 Revenue Act (Wealth Tax Act ) passed.
                                                    Increased the surtax rate on individual incomes over $50,000, the estate tax on individual estates over $40,000 and graduated steeply taxes on individual incomes over $1 million until the rate was 75% in excess of $5 million.
                                                    Decreased the small corporation tax rate to 12% while increasing the corporate tax, on incomes above $15,000 to 15%.
                                                    Some excess profits over 10% were taxed at a 6% rate and in excess of 15% at a 12% rate.


                                                    It was years after this that the Great Depression ended, lets learn from history, raising taxes doesn't work
                                                    Are you trying to say that raising taxes created the Great Depression or that lowering it got us out? Because neither is true.

                                                    What about all the other times tax rates were way higher? Easily half of the last decades taxes were higher than the peak they hit and we didn't drop into a depression, economy didn't fail, business didn't stop doing business and the world didn't end.

                                                    If you want the facts..
                                                    http://www.taxpolicycenter.org/taxfa....cfm?Docid=200

                                                    http://www.truthandpolitics.org/top-rates.php
                                                    Last edited by TheDoc; 11-06-2010, 06:11 PM.
                                                    ~TheDoc - ICQ7765825
                                                    It's all disambiguation

                                                      Comment

                                                      • SallyRand
                                                        So Fucking Banned
                                                        • Jan 2008
                                                        • 3487
                                                        #59
                                                        All taxes are regressive but some are necessary to provide legitimate public services.

                                                        Any tax which punishes entrepreneurship or abusively takes away the product of work should be repealed.

                                                          Comment

                                                          • Vendzilla
                                                            Biker Gnome
                                                            • Mar 2004
                                                            • 23200
                                                            #60
                                                            Originally posted by TheDoc
                                                            Are you trying to say that raising taxes created the Great Depression or that lowering it got us out? Because neither is true.
                                                            No, raising the taxes didn't help get us out of it

                                                            Originally posted by SallyRand
                                                            Any tax which punishes entrepreneurship or abusively takes away the product of work should be repealed.
                                                            they don't get that, With the recent change in power, business will be more likely to consider it safe to expand, invest and more importantly hire. I figure the new congress gets into office in January and by April there will be a lowering of the unemployment rate by at least 2 full points
                                                            Last edited by Vendzilla; 11-06-2010, 06:27 PM.
                                                            Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                                            think about that

                                                              Comment

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