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Thread: Employers In US Start Bracing For Higher Tax Withholding

  1. #11
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Jetboogieman View Post
    The answer is actually to cut spending and raise taxes.

    If you cut taxes, you will undoubtedly create a shortfall.

    See it's guys like you on the forum, that just throw around rhetoric... "Lower Taxes, and everything will be dandy"...

    Well that's what you've done for the past 10 years, Obama did cut taxes... doesn't seem to matter a whole lot to you.

    Now you could argue that Obamacare raises taxes and all this rubbish but the fact is, Taxes are not the be all and end all. A balance must be struck, if taxes were the only thing that mattered in an economy, Canada would be a **** hole right now.

    So how can it be, with our taxes higher... we're in a much better position then you? Could it be we didn't allow our banks to take the same risks yours did? We actually regulated ourselves perhaps? How communist of us.
    The bolded is absolutely wrong.

    Would you rather have 10 percent of $10, or 8 percent of $20? If you lower taxes, you lessen corporate risk, which will lead to hiring, which will lead to a larger base of people to tax and higher corporate revenues to tax as a result of a lower unemployment and greater consumer spending. That means you collect more taxes by cutting taxes.

    If you raise taxes, you get a few more dollars now, but an immediate decrease in tax base due to further corporate budget cuts, higher unemployment, and less consumer spending.

    And stop using Canada as an example. Even most Canadians know what a cluster your economy is, unless you love government-controlled socialism. If you didn't sit on a ton of oil, you'd be a U.S. territory, which you basically are anyway.
    Last edited by Erod; 10-29-10 at 01:18 PM.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Erod View Post
    And stop using Canada as an example. Even most Canadians know what a cluster your economy is, unless you love government-controlled socialism. If you didn't sit on a ton of oil, you'd be a U.S. territory, which you basically are anyway.
    Please... enlighten me.

    Government controlled Socialism... isn't that an oxymoron? Is there such a thing as privately controlled socialism?

    Life is better up here for more people. Reason for that? Who knows. But one of the determining factors of our lives and our economy is not taxes. Our taxes are higher, yet for the vast majority of people, we have a higher standard of living.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Jetboogieman View Post
    Please... enlighten me.

    Government controlled Socialism... isn't that an oxymoron? Is there such a thing as privately controlled socialism?

    Life is better up here for more people. Reason for that? Who knows. But one of the determining factors of our lives and our economy is not taxes. Our taxes are higher, yet for the vast majority of people, we have a higher standard of living.
    That is because there is so much "sameness", you can no longer tell the difference. That's what socialism/communism/collectivism does. And there is HUGE disconnect in Canada between people that live in Toronto or Montreal and someone living in Saskatoon, much moreso than in the states. You guys barely pay attention to each other from province to province.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Erod View Post
    That is because there is so much "sameness", you can no longer tell the difference. That's what socialism/communism/collectivism does. And there is HUGE disconnect in Canada between people that live in Toronto or Montreal and someone living in Saskatoon, much moreso than in the states. You guys barely pay attention to each other from province to province.
    Ignorance is bliss I suppose.

    So when you're done with your rhetoric and blind "knowledge" we'll have a chat. But I have to go to work, a privately owned business... shocked? Yes I know I was too. I use to work in our government Gulags but they let me work at the movie theatre, where I sell popcorn to private citizens who earn money from private businesses to buy our private products... in our communist dictatorship.

    See you later Erod!

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Jetboogieman View Post
    Ignorance is bliss I suppose.

    So when you're done with your rhetoric and blind "knowledge" we'll have a chat. But I have to go to work, a privately owned business... shocked? Yes I know I was too. I use to work in our government Gulags but they let me work at the movie theatre, where I sell popcorn to private citizens who earn money from private businesses to buy our private products... in our communist dictatorship.

    See you later Erod!
    "Private business" is not so private when it has the tax pissed out of it.

    And I've spent quite a bit of time up there, so I'm not just repeating internet garble. Outside of Vancouver and Toronto, everything is so stale and "alike" up there. It's like being in a 1950s American suburb after WWII.
    Last edited by Erod; 10-29-10 at 01:44 PM.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Erod View Post
    The bolded is absolutely wrong.

    Would you rather have 10 percent of $10, or 8 percent of $20? If you lower taxes, you lessen corporate risk, which will lead to hiring, which will lead to a larger base of people to tax and higher corporate revenues to tax as a result of a lower unemployment and greater consumer spending. That means you collect more taxes by cutting taxes.

    If you raise taxes, you get a few more dollars now, but an immediate decrease in tax base due to further corporate budget cuts, higher unemployment, and less consumer spending.

    And stop using Canada as an example. Even most Canadians know what a cluster your economy is, unless you love government-controlled socialism. If you didn't sit on a ton of oil, you'd be a U.S. territory, which you basically are anyway.
    Can you back this up with historical evidence?

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by ReverendHellh0und View Post
    How about cutting pork, spending, and unneeded bull****?
    Seems to me, if you actually look at the budget, those things will only get us part of the way there. One or more of the "sacred" expenditures needs to be involved as well to balance the budget (i.e. Defense, Social Security, Medicare).

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    If congress cuts pork and spending and lives within the budget the current tax system brings in there is no need to raise taxes. Congress needs to learn to live on their income like the rest of us do.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Can you back this up with historical evidence?
    If you get in the shower with your clothes on, they'll get wet.

    Same basic common sense.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Seems to me, if you actually look at the budget, those things will only get us part of the way there. One or more of the "sacred" expenditures needs to be involved as well to balance the budget (i.e. Defense, Social Security, Medicare).
    I'm not against cutting some from those things, provided the money isn't simply wasted elsewhere.

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