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Re: The 'Real' Tax Rates on Top Earners 

By: joe-taylor in FFFT | Recommend this post (3)
Wed, 12 Feb 14 2:40 PM | 87 view(s)
Boardmark this board | Food For Further Thought 		Msg. 61076 of 65535
(This msg. is a reply to 61057 by Zimbler0)
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I'm really sorry for you but your statements are a pile of misrepresentative horseshit!


Governments spend the amount of money that they spend and when some asshole like Ronald Reagan comes along and cuts the revenue, the spending still goes on as it did before. The only option is to cut spending to match the cuts in revenue which the same people who voted for the tax cuts did not have the stomach to do because of the great harm it would do to the nation.

And it has been proven time and time again that tax cuts do not stimulate the economy for very long and that they end up in the hands of the wealthy who squirrel them away in some off shore account that does the nation no good at all. Money is spent by people who need to spend it in order to thrive and survive, not by wealthy people who do very little spending at all in comparison to the amount of income that they have.

The whole neoconservative idea was to cut the taxes, run up the debt and force the end to government as we know it by doing so over an extended period of time. And they should all be brought up for treason and executed for it!


Joe


To say that "God exists" is the greatest understatement ever made across space and time.


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The above is a reply to the following message:
Re: The 'Real' Tax Rates on Top Earners
By: Zimbler0 in FFFT
Wed, 12 Feb 14 5:20 AM 		Msg. 61057 of 65535

Joe> I really do believe that you think that we are really stupid and naive here!


No doubts here.

First, deficits are caused by spending more money
than one has to spend. Even if you were right,
which, you are not, tax cuts do not cause deficits.
Politicians spending money are the cause.

Second, tax cuts - when properly applied - leave
more money in the hands of the economy where they
can go round again, spinning off more tax revenues.

Try this article :

Do Tax Cuts Increase Government Revenue?

http://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/

The following graph clearly reveals the answer. The red line represents the top marginal tax bracket while the blue line shows the total amount of Federal government revenue each year. There are two salient points here. First, as the graph illustrates, as tax rates declined, government revenue increased.

. . .

In conclusion, as JFK, Reagan, and George W. Bush understood, reducing taxes has a stimulative effect on economic activity which leads to an increase in government reciepts. You can’t argue with history!
>>>

Zim.

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