this thread contains exploding heads

[Wiglaf]

http://www.salon.com/news/opinion/feature/2010/07/09/jobs_taxes_sirota

Indeed, the easiest way wealthy business owners can avoid high-bracket tax rates is by plowing their profits back into their businesses and taking the corresponding write-off rather than simply pocketing the excess cash and paying an IRS levy.

In summing up her remarks, Clinton said that this higher-tax/higher-revenue formula "used to work for us until we abandoned it."

[joshh]

"Higher marginal tax rates mean more resources for job-creating, wage-generating public investments."





Idiots....


"The real problem facing the Greeks is not how to reduce spending but how to increase revenue collections," the report concludes, fingering Greece's comparatively "anemic tax collections" as its economic problem.
Hillary proves yet again why she's a retard.


Yeah why don't we have the Government hire everyone. Or better yet run all the businesses in the country so the economy comes back. They are so good at creating jobs. I mean look how many Obama has created with the what, 800 billion he had to spend.......lol.


"Republicans who ran up massive deficits say the recession comes from overspending."

Excuse me???

This piece should be in the Onion.

[Wiglaf]

"Republicans who ran up massive deficits say the recession comes from overspending."

Excuse me???

This piece should be in the Onion.

glad you think it's laughable, you picked a pretty accurate quote given how the last 10 years have went. The only defense they have is that dems spent more.

[joshh]

glad you think it's laughable, you picked a pretty accurate quote given how the last 10 years have went. The only defense they have is that dems spent more.

I'm not about to defend either party. I hate the Dems and I really dislike the Rep. That's why their approval rating is 11%.

It just amazes me that many Congressmen haven't a clue how this economy works. And I'm not saying I know it all. But the basics are pretty easy.

[reelop19]

I've seen figures that show the national treasury received an increase in funds after the Bush tax cuts. And in recent history a republican run congress has spent less than a democratic one.

[BraveUlysses]

I've seen figures that show the national treasury received an increase in funds after the Bush tax cuts. And in recent history a republican run congress has spent less than a democratic one.

There's so, so soooo much more involved than the tax rate alone on how much taxes are collected. We kinda went through a huge bubble that eventually popped, you don't think that would have a more significant effect than tax collections than the rate?

[Wiglaf]

Well, I liked that the story was based on statistical fact. The economy obviously has more going on than any single policy or statistic would handle. Pretty much any simplification is an over-simplification.. and some very basic personal economic principles such as "save money" just flat out don't apply in the same way. I try to keep an open mind with these studies.