View Poll Results: Is it raising taxes

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  • Yes it is, explain

    12 40.00%
  • No it isn't, explain

    14 46.67%
  • Other

    4 13.33%
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Thread: Is allowing a temporary tax cut to expire raising taxes

  1. #61
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by whysoserious View Post
    No they aren't. They are paying lower effective rates, which means they are not paying less than ever and keeping more than ever. You know what effective rates are, yes?
    I dont think so. I think he just said state taxes dont count.
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  2. #62
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by iliveonramen View Post
    Does the length of time matter? As long as someone has to continue to extend it's not permanant.

    Supreme Court Justices serve for life. They are confirmed and until they retire....they are Supreme Court Justices. The Chairman of the Federal Reserve is not permanant or for life, he must be confirmed every so often. Yes, some serve for multiple terms and like Grenspan serve for decades over multiple presidencies but it is not a permanant position.

    As long as Congress has to vote on the Bush tax cuts in order to extend them...they are not permanant.
    It's been in place long enough that people do not consider it temporary, and have adjusted their budgets accordingly. And I want to know what you need the money for. You don't even know where all the money, that Congress now spends, goes.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  3. #63
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by jamesrage View Post
    Would you say the same thing if all the tax deductions and credits people received expired? That would mean the 47% who do not pay federal income taxes would suddenly state paying federal income taxes
    Was the word "temporary" included with the original sales pitch of those individual items?

  4. #64
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by Luna Tick View Post
    Look at it like a sale in a retail store. If the price of an item is $39.99, then that's the price. If it goes on sale for a week for $29.99, the regular price is still $39.99, but you're temporarily able to get it for ten dollars less. At the end of the sale, it's not a price hike. The regular price was $39.99 all along. There was only a temporary discount. The same is true of a temporary tax decrease. Therefore, allowing a temporary tax cut to expire is not raising taxes. It expires on its own without the legislators doing anything. An actual tax increase requires that they have to actively choose to increase taxes.
    This, really, is the perfect analogy. I had though of the "sale" analogy also, but never could think of a way to state it properly.

  5. #65
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by American View Post
    It's been in place long enough that people do not consider it temporary, and have adjusted their budgets accordingly.
    Then people were stupid for counting on something they shouldn't have.

  6. #66
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by radcen View Post
    Was the word "temporary" included with the original sales pitch of those individual items?
    Their income tax rate is still 10-25%. They get tax deductions and credits which negate that 10%-25%.It doesn't matter if those things are temporary or not.If you remove them then that means they pay more money than they did previously. It is therefore a tax increase.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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  7. #67
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by jamesrage View Post
    Their income tax rate is still 10-25%. They get tax deductions and credits which negate that 10%-25%.It doesn't matter if those things are temporary or not.If you remove them then that means they pay more money than they did previously. It is therefore a tax increase.
    The word "temporary" is all-important.

    If it weren't, then it never... ever, at any time in discussion beforehand, or after approval... should have been used in the first place.

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Iím an engineer. If an action causes a result that raises something that action is raising what is being measured. This applies even if the action is temporary that set up the conditions, itís removal causes the raising.

  9. #69
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by OhIsee.Then View Post
    I’m an engineer. If an action causes a result that raises something that action is raising what is being measured. This applies even if the action is temporary that set up the conditions, it’s removal causes the raising.
    I'm also an engineer. Engineering is precise and emotionless. Everything that politics is not. Engineering analogies aren't even on the same planet.

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