Arguing on another board I have come to the conclusion that most people are absolutely retarded, or i'm a lunatic. I for the life of me cannot figure out why it is that people b!tch about the evilness of tax cuts.
- Tax rates on dividends has been cut to a max of 15%, this has spurred further investment and helped to save more jobs. Despite the fact I think corporate america is a vile and evil entity, saving jobs is important, and if you invest you get a win win.
- additional taxes gets flushed into the sewage pit of military contract work or sent overseas to prop up another dictator that we'll battle in ten years... so let me keep my money.
- As we have recently seen with the pittance bullsh*t cuts that the pseudo conservative bush has enacted (temporarily), the money has flooded into the fed in the form of increased consumer spending and the dividend taxes whose VOLUME actually went up despite the individual getting hammered less.
I really don't get it, someone 'splain to me why tax cuts are bad.
there may be a perfectly reasonable explanation for what i am about to ask...but i have not heard one yet.
how do you justify a tax cut while at the same time pumping billions and billions of dollars into the reconstruction of a third world country, thereby creating an enormous deficit?
how do you justify a tax cut while at the same time pumping billions and billions of dollars into the reconstruction of a third world country, thereby creating an enormous deficit?
Easily, the money is POURING into the fed because of an increased volume of investment (ie: dividend tax etc.) and increased consumer spending.
how do you justify a tax cut while at the same time pumping billions and billions of dollars into the reconstruction of a third world country, thereby creating an enormous deficit?
Easily, the money is POURING into the fed because of an increased volume of investment (ie: dividend tax etc.) and increased consumer spending.
will this revenue compensate for the revenue lost as a result of the tax cut?
Tax cuts indeed are leading to MORE tax revenues because the wealthy don't shelter their income as much, people have more to spend, increasing demand, which increases the need for labor to supply that demand, which increases payrolls and yes, tax receipts. Also, tax cuts lead to more investment income because as businesses do well with higher demand, their stock prices rise and people realize capital gains and higher earnings from which to pay higher dividends.
Democrats see tax cuts as bad because with tax cuts, people have more of their own money and become less dependent on big governmentto control their lives.
Tax cuts indeed are leading to MORE tax revenues because the wealthy don't shelter their income as much, people have more to spend, increasing demand, which increases the need for labor to supply
Coolidge knew that........ Reagan knew that........ how is it we forgot ??
Why are tax cuts a bad thing ?
