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Thread: The results are in on social security

  1. #101
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    Re: The results are in on social security

    Quote cpwill

    only if we wanted to see investment go elsewhere, and job creation lowered even futher
    Amazing!!! Seems like they would be clamoring at our borders then doesn’t it.


    Canada is currently lowering their corporate tax to 15%, precisely because they know it will make them more competitive than the US.
    Good for them…gotta pay for that commie healthcare when they get there though.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by washunut View Post
    The talk about taking social security funds to maintain tax cuts for the rich. Social security was dropped into the "unified" budget decades ago. Now I do consider it a theft, but the reason in my view was to sugarcoat deficits, not for any specific tax cut.
    SS plays cover for the ridiculous amount of money that we spend on "defense" and the military conflicts that having a military that is unsustainable is bound to incur in order to justify itself.

    If we destroy SS and Medicare like the right-wingers so badly want, then the payroll tax just becomes another one of those regressive taxes that are so beloved by the right.
    Last edited by toddwv; 06-11-11 at 04:09 PM.

  3. #103
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    Re: The results are in on social security

    Quote Originally Posted by toddwv View Post
    SS plays cover for the ridiculous amount of money that we spend on "defense" and the military conflicts that having a military that is unsustainable is bound to incur in order to justify itself.
    Adults know that defense is an enumerated Constitutional responsibility of government. Those educated in government schools by public sector union teacher might not know this. Which side are you on? Are you a Constitutionalist or a Statist?

  4. #104
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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Amazing!!! Seems like they would be clamoring at our borders then doesn’t it.
    not if we increased the cost of doing business here. then quite the opposite occurs.

    Good for them…gotta pay for that commie healthcare when they get there though
    actually Canada currently scores higher than the US on the Heritage's Economic Freedom Index.

  5. #105
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    Re: The results are in on social security

    Quote Originally Posted by cpwill View Post
    That is incorrect. Clinton raised taxes and it helped produce a Republican takeover of the House. Then Clinton cut capital gains taxes and what do you know? Investment increased.
    Because it was "cheaper" to invest the money and spend it later than keeping it and spending it right away. The reason that was the case is because personal income taxes were also raised. Smart tax code ftw.

  6. #106
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    Re: The results are in on social security

    well.... no. the tax code still rewarded consumption over investment - just less so.

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    Re: The results are in on social security

    Quote Originally Posted by cpwill View Post
    well.... no. the tax code still rewarded consumption over investment - just less so.
    Can you link the numbers because I'm under the impression, from what I've read, that if you invest your money the net taxes you paid were less.

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    Re: The results are in on social security

    Quote Originally Posted by xpiher View Post
    Can you link the numbers because I'm under the impression, from what I've read, that if you invest your money the net taxes you paid were less.
    if you invested your money and got a return, the taxes you paid were less; but (on a federal level) if you spent your money at the mall, the taxes you paid were zero



    one of the many reasons (imo) why we need to replace the income tax with a sales tax.

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    Re: The results are in on social security

    Quote Originally Posted by cpwill View Post
    if you invested your money and got a return, the taxes you paid were less; but (on a federal level) if you spent your money at the mall, the taxes you paid were zero



    one of the many reasons (imo) why we need to replace the income tax with a sales tax.
    But the net tax rate was lower when you invested your money because part of your income tax was "forgiven"

    A National Sales tax is a very promising venture; however, it has to be done correctly. The way the Fair Tax is written is not the proper method.

  10. #110
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    Re: The results are in on social security

    Quote Originally Posted by xpiher View Post
    But the net tax rate was lower when you invested your money because part of your income tax was "forgiven"
    what? you got a credit for investing that was greater than the capital gains tax rate?

    A National Sales tax is a very promising venture; however, it has to be done correctly. The way the Fair Tax is written is not the proper method.
    the Fair Tax is the best method that I've seen put forth. Notably, most the strongest criticisms of it tend to come from groups which don't actually grade the legislation as written, but have to change it in order to make it fail.

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