Can someone explain to me how tax cuts "create jobs"?

Tax cuts do have a very positive effect on the economy, but not when you massively increase spending as Bush did.

Don't worry though. Once the bond market dries up, and it will soon, they will either have to print money full tilt (crashing the dollar), default (crashing the dollar) or massively increase taxes (crashing the economy even more).

The scary part of all of this... Europe is worse off than the US

So fucking true

You're confusing payroll tax with tax withholding.

Payroll tax is social security tax, paid on the first $97,500 in wages. You don't ever get that back, unless you become old enough to collect social security.

You're thinking of withholding tax, which is income tax that people basically overpay in order to get a refund at the end of the year.
I agree that it is pretty ridiculous to do it that way.


As for the rest, I think I need to let this thread die. I should have been more careful in wording the title because the discussion hasn't been about what I wanted it to be about (for the most part)

Next time I'll give more thought to the title so that the discussion stays on point.

But this might trigger a trade war and turn the recession into a depression. Look up the "Smoot-Hawley Act".

You say tomato I say tomatoe lol

When I think of payroll tax I think of withholding tax from a paycheck. When I think of what you are calling withholding tax, my mind shifts to FICA tax. You're probably right about the terminlogy, I just know how I think of it when I'm paying my employees, and then matching those funds for their FICA (social security)

From my vantage point the whole thing is b.s. I can only imagine how companies that not only have to pay matching FICA but also health benefits, vacation with pay, pension plans, etc. must feel...Like a giant dick being shoved in their ass would be my guess. lol

And then the fucking govt. uses my own tax money to do what? Prosecute guys like Max Hardcore? Or invade Iraq? Or the thousands of ways that they line their own pockets? Jesus, I can only imagine how much is going to fall into peoples' pocketes out of this latest debacle of hundreds of billions of dollars in this "economic stimulus" package.

Hell, you could snag a million here, and a million there and the figures are so astronomical nobody would catch you. So I guess in my opinion...I'd rather KEEP my money and do with it as I see fit than give it away to banks to loan to me! lol

If only our founding fathers could witness this grotesque ripoff of the people in this country. Giving our money to a bank so we can borrow it back. It's ludicrous when you look at it like that.

except the same thing is true with the wages those people are paid.

so that arguement is total BS.



simple math
(exports + profits that returned to the head office )- (imports + profits that go out).
Total revenue comming in - total expense going out.

i don't understand why you are to stupid to get that.




i guess i have to speak to you like a cave man

government fix road 2 years early, roads life 2 years less. government waste money.

You missed the entire point of my post Paul, but... I forgive you.

http://www.gofuckyourself.com/showth...2#post15454022
this is getting worse and worse. The fucking democrats keep bending over the spineless mother fuckers.

So the Government does not take your $19,000 in payroll tax and you go out and employ someone to work for you. Great scheme. But the roads are in disrepair so he can't get there, no police so he has to stay at home to protect his house, no school to teach him to the level to get the job and you don't have a job because the Internet was originally funded by Government.

Or you pay $19,000 in sales, gas, land and other taxes. You seem to think this money is disappearing, it's not it's being spent to provide all the services you take for granted.

He cut taxes and spent, a recipe for a disaster.

No problem.

I'm getting pissed off with people posting about Tubes and them stealing content. They do nothing and the problem continues. Content is not the problem with these big Tubes.

Paul, we were led as a society to believe that paying a big ass sales tax on gasoline would take care of our roads. Bullshit. And we ALL pay a nice sales tax on every goddamn thing we purchase. It's a ripoff.

And of course the cops are paid for by our local taxes, the sheriff by our county taxes, and everything else by our state taxes. So NO, I do not appreciate paying the federal govt. all that money at all.

...and schools paid for by our property taxes.

In many states the government makes more money from the gas you buy than the oil companies make in profit.

The extra taxes we pay for gasoline are not sales taxes, but excise taxes I believe. Then there is sales tax on top of it.

Our first federal income tax was started to pay for the Civil War. Then it was brought back in 1913. The same year we got the Federal Reserve...

It's pretty ridiculous of you to stretch the argument that far and I'm sure you're the only one here who sees it this way.
You're so concerned with being right and not admitting that I have a point that you've created this alternate universe where the wages government pays to government workers are inefficient but dollars that corporations invest overseas are good for the U.S. worker.



This isn't simple math because you're counting exports twice. To calculate a trade balance you take goods you sell overseas, minus goods you buy from overseas.
If that number is positive you have a trade surplus, if that number is negative you have a trade deficit.

You can add all sorts of other things to the equation again, like you did above, because you don't want to admit you fucked up when saying the U.S. has a trade surplus....but that doesn't change the fact that we have the world's largest trade deficit and have for quite some time.





No geico man.

Government fix road that should have been fixed 5 years ago but money not there. Government also build new road that not there before.
Government make good pay job for people build road.
Other people spend less time commute and less money gas for driving on new road.


People with road job spend paycheck at store and store must hire more people. The circle is virtuous, government create demand where there was none as spender of last resort.