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It is who you give the tax cuts to![W:260]

Re: It is who you give the tax cuts to!

TurtleDude said:
I am sure you can google that but the last I checked, the bottom 50% pays far less of the income tax percentage than their take of the income
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They take in less than 3%. Your entire position is both petty and self-defeating!


here you go
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The data is ambiguous. You cannot have a perfectly aligned income to tax ratio without invoking serious bracket creep. Furthermore, you cannot design a tax policy around income shares as income is taxed after it is earned. Such tax policy would be counter-intuitive.
 
Re: It is who you give the tax cuts to!

Kushinator said:
They take in less than 3%. Your entire position is both petty and self-defeating!




The data is ambiguous. You cannot have a perfectly aligned income to tax ratio without invoking serious bracket creep. Furthermore, you cannot design a tax policy around income shares as income is taxed after it is earned. Such tax policy would be counter-intuitive.
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you are fibbing, the bottom 50% are taking in around more than 15% according to WSJ and don't pay anywhere near 15% of the income tax
 
Re: It is who you give the tax cuts to!

TurtleDude said:
you are fibbing, the bottom 50% are taking in around more than 15% according to WSJ and don't pay anywhere near 15% of the income tax
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You are the one who is fibbing. The WSJ article doesn't make a distinction of the top 50%.

9cc4ebe2c8.jpg
 
Re: It is who you give the tax cuts to!

Kushinator said:
You are the one who is fibbing. The WSJ article doesn't make a distinction of the top 50%.

9cc4ebe2c8.jpg
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you obviously didn't read the chart in the source I supplied

and it showed the bottom 50% make over 15% of the income and pay less than 5% of the income tax
 
Re: It is who you give the tax cuts to!

Kushinator said:
Of course! That does not negate my point. Businesses do not move production to China or Mexico for the tax benefits!
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They do so because of fewer headaches (read: regulation) and greater profits.
 
Re: It is who you give the tax cuts to!

TurtleDude said:
you obviously didn't read the chart in the source I supplied
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The chart in the WSJ article you provided didn't provide data for the top/bottom 50%.


and it showed the bottom 50% make over 15% of the income and pay less than 5% of the income tax
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No it did not.

Besides, we have diverted enough attention to your faux issue. A tax policy that tries to attribute liability to percentage of total income is simply not feasible. As stated, there is not a relationship between government spending and tax rates. That theory is bunk.
 
Re: It is who you give the tax cuts to!

OpportunityCost said:
They do so because of fewer headaches (read: regulation) and greater profits.
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No, because wages in Mexico and China are pennies on the relative U.S. dollar.
 
Re: It is who you give the tax cuts to!

Kushinator said:
No, because wages in Mexico and China are pennies on the relative U.S. dollar.
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I did say profits. Lower costs = greater profits.
 
Re: It is who you give the tax cuts to!

Kushinator said:
Hedge funds have increased, as have the value of assets managed, far more than the economy, domestic non-residential fixed investment, disposable income, etc... has expanded. We (well clearly not you) can see the parallel.
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All you do is jump to conclusions and connect the dots to your partisan advantage and then call it a fact to prove your point.
 
Re: It is who you give the tax cuts to!

iguanaman said:
It really does not take a economist to know that giving tax cuts to those who already spend only a small $ of what they earn will only result in more cash looking for returns. The demand for returns on savings is what sparked the housing bubble. The banks could not turn down all that "free" money so they made a killing selling mortgage backed securities by promising low risk, high returns.
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You pick a partisan talking point and then you connect the dots haphazardly any way you want in order to formulate an argument using incomplete facts and misleading information to come to the partisan conclusion you want. Your post proves absolutely nothing. You can also conclude that tax cuts to the rich are directly responsible for the stock prices being higher for ice cream companies.
 
Re: It is who you give the tax cuts to!

Kushinator said:
The chart in the WSJ article you provided didn't provide data for the top/bottom 50%.




No it did not.

Besides, we have diverted enough attention to your faux issue. A tax policy that tries to attribute liability to percentage of total income is simply not feasible. As stated, there is not a relationship between government spending and tax rates. That theory is bunk.
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why-because it means the rich pay their fair share rather than more? what you are saying is that the greedy government must spend more in order to pander to those who don't pay enough taxes
 
Re: It is who you give the tax cuts to!

Incisor said:
Interestingly, Moody's did an analysis on what the wealthy do with their tax cuts and -surprise- they don't spend them, contrary to what Conservatives say about trickle-down.
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Oops. Poor understanding of "trickle down." What it means is that wealth creates investment. Investment creates employers. Employers create employees. The money has "trickled down" from wealth to employee. It is nothing strange. It is how capitalism works. Those wealthy who got a tax cut, did spend it somewhere because it is unlikely that they put the money in cash under their mattress. They spent it on investments of one sort or another which eventually improved life for employees. I realize you want the wealthy to share their wealth with you and, in fact, they do, just not in the way you prefer.
 
Re: It is who you give the tax cuts to!

fmw said:
Oops. Poor understanding of "trickle down." What it means is that wealth creates investment. Investment creates employers. Employers create employees. The money has "trickled down" from wealth to employee. It is nothing strange. It is how capitalism works. Those wealthy who got a tax cut, did spend it somewhere because it is unlikely that they put the money in cash under their mattress. They spent it on investments of one sort or another which eventually improved life for employees. I realize you want the wealthy to share their wealth with you and, in fact, they do, just not in the way you prefer.
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The left has a mental block on this issue. I don't think it is possible to get them to understand. They are indoctrinated with a bias that just can't be overcome. They think the rich must go out to stores with their money and/or tax cuts and spend the money. They can't comprehend that that is not what the rich do with their money, therefore the rich must just bury their money in a jar in the back yard.
 
Re: It is who you give the tax cuts to!

Moderate Right said:
The left has a mental block on this issue. I don't think it is possible to get them to understand. They are indoctrinated with a bias that just can't be overcome. They think the rich must go out to stores with their money and/or tax cuts and spend the money. They can't comprehend that that is not what the rich do with their money, therefore the rich must just bury their money in a jar in the back yard.
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it goes back to the belief that the government essentially owns all wealth
 
Re: It is who you give the tax cuts to!

Moderate Right said:
The left has a mental block on this issue. I don't think it is possible to get them to understand. They are indoctrinated with a bias that just can't be overcome. They think the rich must go out to stores with their money and/or tax cuts and spend the money. They can't comprehend that that is not what the rich do with their money, therefore the rich must just bury their money in a jar in the back yard.
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They were taught their misunderstanding by the press and by the government which gets more power from less freedom. All one needs to do is to see how socialist systems eventually move toward freedom and capitalism because socialism simply doesn't work. China and Russia have become capitalist powerhouses compared to their earlier socialist systems. Even Cuba has been building a private tourist sector. There is no substitute for freedom. If you want a stronger economy you want a society with more freedom. It always works that way. People will take care of themselves and they will do it better than a government can. Leave people alone and they will get the job done. The government should concentrate on defending freedom.
 
Re: It is who you give the tax cuts to!

OpportunityCost said:
All labor is essentially greedy unless government has their boot on labor's neck.
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Greed is a normal characteristic of humanity. Government is greedy. Business is greedy. Labor is greedy. Even charities are greedy. It's OK. People can manage it by looking after their own interests. That is also a characteristic of humanity.
 
Re: It is who you give the tax cuts to!

OpportunityCost said:
Regulation costs sure do.
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I just don't believe companies can save enough on regulation costs to relocate and build a new facility in an emerging market economy. If a company moves production, it will be to save in labor costs because greedy Americans won't work for $5/week. :lol:
 
Re: It is who you give the tax cuts to!

TurtleDude said:
why-because it means the rich pay their fair share rather than more? what you are saying is that the greedy government must spend more in order to pander to those who don't pay enough taxes
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You are now repeating yourself. Given that you've yet to address my responses to these statements, i'm afraid i don't have much more to offer you.
 
Re: It is who you give the tax cuts to!

Moderate Right said:
All you do is jump to conclusions and connect the dots to your partisan advantage and then call it a fact to prove your point.
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You cannot label me as partisan... i do not argue on the basis of political party. Clearly you would rather bicker than actually respond to the posts which you've chosen to reply.
 
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