usmcstinger
Gold Member
- Dec 31, 2011
- 1,420
- 466
What effect will it have on the US Economy?
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His economy........What effect will it have on the US Economy?
Not even close to enough. Should be 39%.What effect will it have on the US Economy?
Fucking retardNot even close to enough. Should be 39%.What effect will it have on the US Economy?
Xi told Biden to raise taxes to make the US less competitiveWhat effect will it have on the US Economy?
Not even close to enough. Should be 39%.What effect will it have on the US Economy?
In other words, if the tax rate on corporations is 15% and "we" are realizing X dollars in corporate taxes every year, DEMOCRATS BELIEVE that you could raise the tax rate to 45% and TRIPLE tax revenues. The possibility that corporations might manage their affairs differently to avoid a tripling of their taxes doesn't enter their tiny little minds. Hence, their tax increases seldom result in any significant increase in tax revenues.
The Colonies went to war with an oppressive tyrannical government that put a 3% tax on tea. I have never seen a larger group of sheep who allow this oppressive tyrannical government to tax them into poverty. All for a $1,400 check.What effect will it have on the US Economy?
I new the answer. Economics 101. How stupid are these Dems aka Socialists.Who the hell does he think will end up paying for that tax hike? Does he not know the customers will just pay a higher price to cover the higher cost of supply? And those businesses that can't raise their prices will have to make adjustments, maybe relocate offshore, cut staff, reduce benefits, or maybe just throw up their hands and say fuck it, I ain't doing this no more.
sure just drive more corporations out of the country.Not even close to enough. Should be 39%.What effect will it have on the US Economy?
The Colonies went to war with an oppressive tyrannical government that put a 3% tax on tea. I have never seen a larger group of sheep who allow this oppressive tyrannical government to tax them into poverty. All for a $1,400 check.What effect will it have on the US Economy?
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Who the hell does he think will end up paying for that tax hike? Does he not know the customers will just pay a higher price to cover the higher cost of supply? And those businesses that can't raise their prices will have to make adjustments, maybe relocate offshore, cut staff, reduce benefits, or maybe just throw up their hands and say fuck it, I ain't doing this no more.
Not even close to enough. Should be 39%.What effect will it have on the US Economy?
Not even close to enough. Should be 39%.What effect will it have on the US Economy?
Good number. And capital gains should be taxed the same as earned income. And the cap on income subject to the Social Security tax should be eliminated. Corporations pay a much smaller share of total taxes paid. In the booming 50's the corporate tax accounted for almost half of all revenue, by the 60's it had dropped to about a third. But the US economy was blazing, double digit growth in GDP through most of that time. Today, corporate taxes don't amount to a tenth of total taxes. You can almost track GDP growth by the percentage of the total tax burden corporation pay. The higher that percentage the higher GDP growth.
Not even close to enough. Should be 39%.What effect will it have on the US Economy?
Good number. And capital gains should be taxed the same as earned income. And the cap on income subject to the Social Security tax should be eliminated. Corporations pay a much smaller share of total taxes paid. In the booming 50's the corporate tax accounted for almost half of all revenue, by the 60's it had dropped to about a third. But the US economy was blazing, double digit growth in GDP through most of that time. Today, corporate taxes don't amount to a tenth of total taxes. You can almost track GDP growth by the percentage of the total tax burden corporation pay. The higher that percentage the higher GDP growth.
So now confiscatory taxation is good for business?
Since when?
Not even close to enough. Should be 39%.What effect will it have on the US Economy?
Good number. And capital gains should be taxed the same as earned income. And the cap on income subject to the Social Security tax should be eliminated. Corporations pay a much smaller share of total taxes paid. In the booming 50's the corporate tax accounted for almost half of all revenue, by the 60's it had dropped to about a third. But the US economy was blazing, double digit growth in GDP through most of that time. Today, corporate taxes don't amount to a tenth of total taxes. You can almost track GDP growth by the percentage of the total tax burden corporation pay. The higher that percentage the higher GDP growth.
So now confiscatory taxation is good for business?
Since when?
Confiscatory taxation, what a loaded term. Taxes are the cost of doing business, the "price" you, I, and companies pay for things like roads, a military that protects our shipping routes, and even the damn water that comes out of your spigot, unless you are on a well like me. It is the "cost" of participating in our society. If you think it is too high, MOVE. Ain't that what a free market is all about?
And where did I say higher corporate taxes were good for the corporations? Honestly, I don't give two shits about what is good for the corporations, I am worried about what is good for the economy. If you want to make the argument that higher corporate taxes are bad for the economy go ahead, good luck with that. I am sure at some rate that might be true, it sure as hell is not true at current rates, at the most recent old rate, or even at the suggested rate of 39%.
But to give you an idea of what I am talking about, remember all those bonuses companies sent out when the corporate tax rate was cut? The funny thing is those bonuses went out under the old, higher corporate tax rate. Have companies sent out bonuses under the new, lower rate? Not that I am aware of, and there in lies what I am talking about.
Higher corporate tax rates, like higher capital gains rates, encourages companies to reinvest their earnings and individuals to hold on to their investments. When rates are low, they encourage individuals to speculate, not invest, and companies to seek rents, not create products. Neither of those two actions are conducive to an efficient economy. They result in ineffective resource allocation that places a drag on GDP growth. Hence, the paltry GDP growth we have seen over the last fifty years.