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Thread: Employers In US Start Bracing For Higher Tax Withholding

  1. #41
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    You have got to be kidding me. There have been no reforms since the inception of the 2010 budget that would equate to a lower budget deficit than is in the related yearly estimates through 2019. If nothing changes, the deficit will be worse, not better than the 2010 budget estimates. So, there is no reason to change my stance on this issue or question the budget I am using because of that stance. Sorry, but there will be no "Fiscal Policy Ferry" that will magically make things better than they currently are without some major reform. Based on the projected budget deficits there is no way whatsoever to believe that we won't have to make cuts in the areas of Defense, Social Security, Medicare or Medicaid if we are to accomplish a balanced budget. Nice try at changing the subject, or at least delaying it, but your argument really doesn't hold any water. Unless you can prove to me that our estimates in the 2011 budget have any iota of a chance of being rosier than what was included in the 2010 budget estimates.
    Well, it must be nice to always have the correct opinion with yourself. Obviously Hoyer disagrees and so do I. What holds water is there's no budget passed for the reasons I already posted in the article provided. You want to be a genius in your own mind - that's your choice.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  2. #42
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Great, no arguments from me on those! Now that constitutes about $150 Billion in spending cuts. Only about $600-800 Billion to go. Keep em coming!
    You know, those cuts off of that YouCut site (some of them anyway) sounded good. I think the first 200-400 billion will be easy to do. The second 400 billion will be a lot harder and will cause a lot of pain and grousing by both liberals and conservatives. But, they'll have to happen.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  3. #43
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by ARealConservative View Post
    it's an artifical bubble created by govenment decree. It's the very attitude that gets us into messes like the one we are in. Once all those that can responsibly own a house are in one, the government is compelled to up the anti to keep the bubble inflated.

    At its root, you are making a similar argument as raising minimum wage.
    It's no different than deducting business expenses at a company. If you don't lessen the risk of doing business, business won't get done, and the tax base will suffer. If you don't provide enticements to build a house (or anything), them you won't have people that will take the risk, and property will not be developed, and the economy will stagnate.

    The government get FAR more out of letting you deduct that interest than it does by you not building in the first place. And to be clear, it is not the role of the government to make money like a business. It's their role to provide a stable environment for the growth of the individual and private enterprise.
    Last edited by Erod; 10-29-10 at 05:35 PM.

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Ockham View Post
    You know, those cuts off of that YouCut site (some of them anyway) sounded good. I think the first 200-400 billion will be easy to do. The second 400 billion will be a lot harder and will cause a lot of pain and grousing by both liberals and conservatives. But, they'll have to happen.
    And that's my whole point in a nutshell Ockham. So, why is everyone arguing with me?

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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Ockham View Post
    Well, it must be nice to always have the correct opinion with yourself. Obviously Hoyer disagrees and so do I. What holds water is there's no budget passed for the reasons I already posted in the article provided. You want to be a genius in your own mind - that's your choice.
    Well, I guess we'll see what the outcome of the next approved budget becomes. If they balance the budget, count me mezmerized. If they balance the budget without touching the "sacred" programs, call me dumbfounded.

  6. #46
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Well, I guess we'll see what the outcome of the next approved budget becomes. If they balance the budget, count me mezmerized. If they balance the budget without touching the "sacred" programs, call me dumbfounded.
    I share your skepticism.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  7. #47
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Well, I guess we'll see what the outcome of the next approved budget becomes. If they balance the budget, count me mezmerized. If they balance the budget without touching the "sacred" programs, call me dumbfounded.
    As will we all.

  8. #48
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Erod View Post
    It's no different than deducting business expenses at a company.
    Say what? A business expense is a direct impact on revenue, which is what we pay taxes on.

    interest on loans for personal reasons is completely different. It has as much to do with taxable revenue as how much you spend on the credit card drinking at the local pub.

    All you are doing is saying you deem these industries more important, and you use government force to reward one industry over another industry. Furthermore, you are upping the incentive for people to live beyond their means, which is not a responsible signal for government to ever send to the market.

    If you don't lessen the risk of doing business, business won't get done, and the tax base will suffer. If you don't provide enticements to build a house (or anything), than you don't have people that will take the risk, and property will not be developed, and the economy will stagnate.
    This 21st century notion that the economy must always be in growth mode is bad anyway.

    I know this is a more typical liberal position, but I am tired of the cries about how we consume so much causing too much polution but the minute the economy wants to pull back and slow down (largely from a lack fo savings), all the people and politicians start freaking out about doom and gloom.

  9. #49
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Maybe it's time for tea? All kidding aside in the limited time I have spent here I have noticed that there are some very smart conservatives here. I'm guessing there may be a rebuttal or two yet that I will have to think about before responding.
    Hmmm... Well Johnny DooWop seems to be convinced that your link to the site "Tax Foundation", made it very clear that cutting spending, all whilst lowering taxes boosts economic indexes was wrong. Except that the site didn't say that, know why? Because no one knows for sure, know why no one knows for sure? Coz there are WAY too many intangibles involved to effectively model, and measure economic indexes. Even the best modeled indexes like the CPI, as an example are results based; they are not indicative of factor based models.

    In lay terms, all the indexes available that I'm aware of are not predictive, they are reflective, and they ONLY reflect what data is input into them. Does any of it equal economic understanding, unique to the conditions present in complex economies like that if the USA, and the globe? Not a chance! However, consider this.

    Game theory suggests that sacrifices are intuitively arrived at, given certain circumstances, and they are predictable in almost all situations where they purport to return a result that improves the players position prior to the sacrifice being made. If I'm a tax paying individual, or as large as a corporation, the theory holds true. When you have more to sacrifice, it holds consistent that, the player tends to lean towards improving their position by making calculated moves.

    In a nut-shell, and analogous to economies, when we have more money in our pockets, whether individual, or corporations, the inclination to spend our surplus, or even the perception of surplus to the furtherance of our position, is a logical axiom. Governments that tax, are a hindrance to this theory, in that, Governments are not players in the game; they are the game board, or the framework within which the players are to make their moves.


    Tim-
    Last edited by Hicup; 10-29-10 at 05:49 PM.
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  10. #50
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    Re: Employers In US Start Bracing For Higher Tax Withholding

    Quote Originally Posted by Taboon View Post
    Well, I guess we'll see what the outcome of the next approved budget becomes. If they balance the budget, count me mezmerized. If they balance the budget without touching the "sacred" programs, call me dumbfounded.
    It's literally impossible to balance the budget without cutting Defense, Medicare, or Social Security. All three of those items are career-enders for politicians.

    We're boned.

    I mean, remember what happened when Obamacare planned to "cut" $50-60 billion per year in Medicare waste, mostly through the Medicare Advantage, payout increases holds, and fraud prevention stuff?

    The Democrats cut half a trillion dollars from your Medicare. (cut to sad old lady) "Obama, please don't take away my Medicare?"
    Paid for by Republicans who are lying to your face.
    Last edited by Deuce; 10-29-10 at 10:16 PM.
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    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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