“In politics, stupidity is not a handicap.” -Napoleon
a tax hike often leads to short term increases in revenue. then as people engage in tax avoidance or if the taxes deleteriously affect the economy tax revenues can decrease below the level they were before the tax hikes
I love this sort of bitterness and general hatred. SO investors are all parasitic robber barons?
that really is one of the most stupid comments I have seen. many retirees are investors. when a farmer retires and sells his farm to a developer what does he do? he normally invests the money. what is a 401K plan?
You know this entire debate about whether or not lowering taxes raises revenue is simply absurd!! Do you all not understand math??
On any given year.. The amount of tax revenue will increase if there is no change in the tax code.. That is just how our economy works.. Look how much they increased during the Clinton years..
So?? If on an average year?? Revenue increases by say $600 billion.. And we then do a tax cut that costs $320 billion.. The revenue is still going to increase $280 billion.. Get it?? Why is it so hard for you republicans to figure that out?? During the Bush years, revenue increased, but not nearly as much as it would have without the tax cuts.. The economy shrank under Bush and grew under Clinton..
Now please!! Got take elementary school math.. Basic adding and subracting.. It is really sad seeing you all get your butts kicked by some pretty basic facts..
I do not care, at all, what percent of my income I pay in taxes. I care what I get for those taxes. And that is what the debate seriously lacks. Taxes are not different from a business transaction. We pay for a service or product. In this case, we're paying for security, infrastructure, law enforcement... and social assistance. We get something for paying for that. We get a stronger, more prosperous country. Small minded people who can't understand economics outside of their own wallets don't realize that empowering every person in this country into a stable and strong financial position improves the whole economy for everyone.
Liberté. Égalité. Fraternité.