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Thread: Obama: No Deal Without Tax Hikes

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    Re: Obama: No Deal Without Tax Hikes

    Cutting payroll is a way to cut costs; especially when it comes to sales of large ticket items. Some sales personnel are more efficient than others. Those that are not efficient or whose sales go down when the economy slows are primary targets for layoffs.

    As for point 1, when the economy slows at the same time as taxes go up, profit may not even exist.
    As for point 2. Notice that may part? MAY be. I think you will find most are in the ranges Im using.
    As for point 3, thats also why businesses sometimes fail. They learn to manage costs or they dont.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by OpportunityCost View Post
    Cutting payroll is a way to cut costs; especially when it comes to sales of large ticket items. Some sales personnel are more efficient than others. Those that are not efficient or whose sales go down when the economy slows are primary targets for layoffs.

    As for point 1, when the economy slows at the same time as taxes go up, profit may not even exist.
    As for point 2. Notice that may part? MAY be. I think you will find most are in the ranges Im using.
    As for point 3, thats also why businesses sometimes fail. They learn to manage costs or they dont.
    And cutting payroll can also be a way to cut profits, especially when it comes to employees who earn your business a profit. When the economy goes down, employers are stupid to fire any employee that contributes to the bottom line at a time when profits are slim.

    1) Taxes can not turn a profit into a loss unless the taxes are >100%. It's called "math"
    2) Margins depend on many factors. I think "I think you will find" is a very poor argument
    3) Exactly!! It has nothing to do with tax rates (see #1)
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Because in a large ticket item business, someone's sales could never, ever slump to the point where they no longer generate profit. Nope. Never.
    Raising taxes in this environment means you will be looking harder to see who is making you how much money. One guy may be making you 20% profit, one guy may be making you 3% profit. If your tax burden goes up...does it make sense to look harder at the 3% profit person? Of course it does.

    Taxes are part of costs. I cannot believe you think they are not.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Catawba View Post
    Where taxes were increased again and revenues increased again with job growth and a lower deficit. Tragic indeed!
    Taxes were increased, and incomes dropped to the lowest level in the past 25 years or more. Revenues didn't increase until years later with the dot com boom and the 1997 tax cuts (capital gains, estate, new tax credits/deductions). Wages remained stagnant and consumer debt and income disparity soared at an unprecedented rate.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Thunder View Post
    yeah, cause the GOPers couldn't stand the fact that the tax-increases helped stabilize the economy.
    Taxes were increased in 93 and there was no significant change in income tax revenue for three or four years. It wasn't until the economy started to boom that revenue took off. The boom was largely propelled by Greespan's drop in interest rates which promoted borrowing and investment.

    Interest rates are currently rock bottom. Anyone that thinks an income tax increase now is going to bring about a 90's-like economy is clueless. The situation today is totally different.
    Last edited by Taylor; 07-17-11 at 07:26 AM.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Taylor View Post
    Taxes were increased in 93 and there was no significant change in income tax revenue for three or four years. It wasn't until the economy started to boom that revenue took off. The boom was largely propelled by Greespan's drop in interest rates which promoted borrowing and investment.

    Interest rates are currently rock bottom. Anyone that thinks an income tax increase now is going to bring about a 90's-like economy is clueless. The situation today is totally different.

    true and anyone who thinks that the left's push for taxing the rich more is based on an honest belief of more revenues is clueless as well



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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by TurtleDude View Post
    true and anyone who thinks that the left's push for taxing the rich more is based on an honest belief of more revenues is clueless as well

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    Re: Obama: No Deal Without Tax Hikes

    aside from the fact that he obviously is blindsided by the question, i think one of my favorite parts is where he castigates George Bush for running up $4 Trillion in debt, says that that is undermining our economy, and says it's going to change once he's President.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by OpportunityCost View Post
    Because in a large ticket item business, someone's sales could never, ever slump to the point where they no longer generate profit. Nope. Never.
    Nonsense. Total and utter nonsense.

    For one thing, we are talking about ALL employees, not just the sales staff. Secondly, if the sales person doesn't make enough sales to cover his salary, the employer is losing money on that employee. But maybe I'm wrong. I'm eager to see you explain how paying a salesperson who makes absolutely no sales makes a profit for their employer. This should be good.

    Raising taxes in this environment means you will be looking harder to see who is making you how much money. One guy may be making you 20% profit, one guy may be making you 3% profit. If your tax burden goes up...does it make sense to look harder at the 3% profit person? Of course it does.
    Of course it does not. If you're profits are slumping, it makes no sense to eliminate any profits, small or large.

    Taxes are part of costs. I cannot believe you think they are not.
    I can't believe you think I said that
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Taylor View Post
    Taxes were increased in 93 and there was no significant change in income tax revenue for three or four years. It wasn't until the economy started to boom that revenue took off.
    SO there was a correlation between raising taxes and eco growth. This argues against the rightwing claim that tax increases prevent growth
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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