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Thread: State of the Union Address

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Nobody is ignoring that.
    Then why would anyone support raising taxes on the risk takers?

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    Re: State of the Union Address

    Quote Originally Posted by liblady View Post
    it's idiotic to believe that people will stop buying stocks simply becasue they pay a little more tax. when the tax rates for investments were higher, people still invested.
    It is idiotic to believe that taxes on risk takers will encourage more risk takers. Why does the Federal govt. deserve income from someone else's risk taking?

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    Re: State of the Union Address

    Quote Originally Posted by bennymac5151 View Post
    yeah I saw a youtubve video on just this.. LOL I mean he says things that are conservative but his actions are liberal. Also notice no mention of Keystone. He says we need to be independant with our energy but he works as hard as the good liberal he is in making as difficult as hell for us to actually be "independant. :0 he's a joke, and ya gotta believe that reasonable democrast this year aren't buying it?

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  4. #294
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Then why would anyone support raising taxes on the risk takers?
    Are they not rewarded for the risk when they succeed? And are not their taxes lower if not non-existent if they fail? And don't we tax workers, who risk losing a job if that business fails?

    So, stop the class warfare stuff.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  5. #295
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    None of that says anything about why capital gains need to be treated differently. Why are you giving us survey results that fail to answer the question you were asked?
    OH, I understand the question now! They don't need to be treated differently but rather INCOME TAXES do. Income taxes need to be reduced to cap gain rates.

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Then why would anyone support raising taxes on the risk takers?
    Risk takers? We tax tight rope walkers? We tax fire eaters? We tax people who drive too fast for road conditions?
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    OH, I understand the question now! They don't need to be treated differently but rather INCOME TAXES do. Income taxes need to be reduced to cap gain rates.
    How much would that cost in the first year in lost revenue based on current income tax levels?
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    Re: State of the Union Address

    Quote Originally Posted by Eighty Deuce View Post
    That is a good question, and also one that I addressed a bit already. See the video link of an hour or two ago with Charlie Gibson asking Obama during the Democrat nominating debate with Hillary. Capital Gains, aka Investment, reacts differently when taxed than does wages. They are motivated by completely different dynamics. Study it all you want, but the net result is that if you increase taxes on Capital Gains, the first presumption would be that it is to produce more revenue. But it invariably produces less revenue, as the investments will migrate away from higher taxation to lower taxations. The historical precedent for this is overwhelming. See the link I noted. See also what happened in NJ, MD, and Oregon in the last five years when they went after wealth. It is frankly not debatable.

    So, if we do as Obama proposed, we get less revenue. History is also frought with taxation that is not in balance, ie "fair". Cigarette tax. Import Tariffs that encouraged the Civil War. Our own already "Progressive" Income Tax rate, which apparently is not enough for the libs as is. "Fairness" in taxation is a myth by most analyses.

    What you are espousing is to empower government to better keep you on the gubmit teat so as to redistribute wealth. Obama and the Dems love it because it keeps them empowered in an expanding nanny state.

    If you were truly concerned about "fairness", you would drop this envy crap and move to a consumption tax, which the politicians such as Obama fear, as it transfers power from them to you in more ways than one.

    However, higher tax rates just do not work in producing much in added revenues. The high marginal rates of the past were accompanied with enormous loopholes and deductions. Without them, such high rates would not have been on the books.

    It is a giant mess, but Obama's own Simpson Bowles Commission recommended a slew of reform. Obama has ignored all, opting instead for envy, and an expanding gubmit teat. He is not doing what is best for the country.
    And the GOP ignore them because the recommendations included tax increases.

    Anyway, I am familiar with the trickle down theory, but in reality how have the Bush tax cuts to the rich of the last 10 years benefited the middle class, our economy, and our budget deficit.
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    And are you aware of the varying levels of the exclusion of capital gains from taxation? And which party set these exclusion up? And which party increased these exclusions?
    You did not answer the question.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: State of the Union Address

    Quote Originally Posted by danarhea View Post
    And the Republican party is not the party of Reagan. Both parties need to go.

    Both parties are basicly the same. the agenda is only they can weild power.
    If you live long enough, you will live in a foreign country, because the past is foreign to the present. We lived differently then. The only constant is change!

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