Do they? Have they ever?
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Yeah and thanks to politicians for getting the ball rolling on this shitty economy.
The guy is bitching that lower taxes do not increase revenue while refusing to use basic logic that it's not that simple. If he were to pull his head out of his ass and see the connection between the lower average income of the American worker, he'd see it's not a 1+1 equation.
Lower taxes equaling higher tax collection to a point has proven to work. But the economy has to be strong to begin with. Not declining.
Lowering taxes is a way to make a weak economy stronger but while average income is dropping it's a craps game. But yet again we do not have a need for more taxes, we have a need for less spending.
The guy is all double talk. If we kept taxes higher like they were in 2000 what would the economy look like then? Does Government spending of our tax money make a strong economy or does letting the people keep more of their cash and spending it themselves make a strong economy?
In other words what this guy is saying is if Government had more of our money the crash would never have happened....really? Do you actually believe that?
Taking more money from people who are making less does what?Last edited by joshh; 12-24-2010, 12:00 AM.Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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Larger Government does not equal innovation and industry.
Oregon raised its income tax on the richest 2% of its residents last year to fix its budget hole, but now the state treasury admits it collected nearly one-third less revenue than the bean counters projected. The sun also rose in the east, and the Cubs didn't win the World Series.In 2009 the state legislature raised the tax rate to 10.8% on joint-filer income of between $250,000 and $500,000, and to 11% on income above $500,000. Only New York City's rate is higher. Oregon's liberal voters ratified the tax increase on individuals and another on businesses in January of this year, no doubt feeling good about their "shared sacrifice."
Congratulations. Instead of $180 million collected last year from the new tax, the state received $130 million. The Eugene Register-Guard newspaper reports that after the tax was raised "income tax and other revenue collections began plunging so steeply that any gains from the two measures seemed trivial."
One reason revenues are so low is that about one-quarter of the rich tax filers seem to have gone missing. The state expected 38,000 Oregonians to pay the higher tax, but only 28,000 did. Funny how that always happens. These numbers are in line with a Cascade Policy Institute study, based on interstate migration patterns, predicting that the tax surcharge would lead to 80,000 fewer wealthy tax filers in Oregon over the next decade.Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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flat tax. Generate more revenue, eliminate any guess work.Originally posted by z31maniacComment
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Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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did you read this analysis
this simpleton, in his reading of AGI decreasing, says nothing about the dot com bubble bursting in 2000, causing a recession (wow, did AGI go down in a recession? go figure...). then he says nothing about the 911 caused recession (wow, did AGI continue going down? go figure....).
look at his tables and what you see is the bush tax cuts helping grow incomes after the 911 shock. this author lacks credibility and knowledge.“There is nothing government can give you that it hasn’t taken from you in the first place”
Sir Winston ChurchillComment
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The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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