Kudlow's Law and Our Poor Economy

[Siete]

It's irrelevant.
All business starts with capital. If you tax capital you get less of it.
We have the lowest start up rate in a very long time. There are more businesses closing than opening. It is no wonder our economy is stagnant.

Capital gains aren't capital, they are the income from capital. People put their earned income into investment as well.

Capital gains are the profit on income that is ALREADY invested.

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Fantasy.

you're debating with complete morons that have no idea wtf they're taking about... its expected

 

[Toddsterpatriot]

When you tax capital you depress the ability of businesses to form and grow. We have had 2 capital gains tax increases over the last 6 years, with Obama pushing for more.

Jesus H. Christ, you are conflating two entirely different terms. The capital used to create a business is not capital gains!

I realize you are both arrogant and stupid, a bad combination.
Technically you are right: capital gains is not strictly speaking capital.
But capital gains supplies capital for the next investment so there is a relationship between the two.
Sorry I had to spell it out in simple, easy to understand terms. I forgot who I was dealing with.

Man, this just gets funnier and funnier.

Capital gains is the profit made when an asset is SOLD.

Thank you, Capt Obvious.

It wasn't obvious to you. Capital gains taxes have nothing to do with corporate earnings that are re-invested.

Capital gains are things like dividends paid on stocks owned by investors, or the profit realized from selling a stock or bond.

Corporate earnings are a different animal, and earnings that are re-invested in the company are entitled to a tax deduction.

Man, you are way, way, way out of your depth.

Capital gains are things like dividends paid on stocks owned by investors

LOL! That's funny.

Man, you are way, way, way out of your depth.

Irony is ironic.

 

[Toddsterpatriot]

It's irrelevant.
All business starts with capital. If you tax capital you get less of it.
We have the lowest start up rate in a very long time. There are more businesses closing than opening. It is no wonder our economy is stagnant.

Capital gains aren't capital, they are the income from capital. People put their earned income into investment as well.

Capital gains are the profit on income that is ALREADY invested.

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Fantasy.

Yes, Obama's plans are a fantasy.

 

[NYcarbineer]

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Even Obama understands that raising cap gains taxes produces LESS revenue to the Treasury. But he doesnt care about that.

No cause and effect EVER proven, but go ahead and try.

How about we lower the cap gains tax to ZERO? Then show us how much MORE cap gains revenue you would collect.

lol

Every time the rate has been lowered, it has produced more revenue. Every time it has been raised it produces less revenue. Are you disagreeing withObama?
A zero rate would produce the most benefit to the economy.

That's not cause and effect.

After the Clinton tax increase in 1993, revenues went up. By your own argument, that PROVES that raising taxes increases revenues.

 

[g5000]

Capital Gain Definition Investopedia

1. An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short term (one year or less) or long term (more than one year) and must be claimed on income taxes.

 

[NYcarbineer]

Capital gains aren't capital, they are the income from capital. People put their earned income into investment as well.

Capital gains are the profit on income that is ALREADY invested.

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Fantasy.

you're debating with complete morons that have no idea wtf they're taking about... its expected

All Iwant to know is, whose taxes do they want to raise to offset their capital gains tax cut?

And don't give me the voodoo economics answer.

 

[NYcarbineer]

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Even Obama understands that raising cap gains taxes produces LESS revenue to the Treasury. But he doesnt care about that.

No cause and effect EVER proven, but go ahead and try.

How about we lower the cap gains tax to ZERO? Then show us how much MORE cap gains revenue you would collect.

lol

Every time the rate has been lowered, it has produced more revenue. Every time it has been raised it produces less revenue. Are you disagreeing withObama?
A zero rate would produce the most benefit to the economy.

A zero capital gains tax rate would produce more capital gains tax revenue?

Are you more retarded than most of us thought?

 

[g5000]

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Fantasy.

you're debating with complete morons that have no idea wtf they're taking about... its expected

All Iwant to know is, whose taxes do they want to raise to offset their capital gains tax cut?

And don't give me the voodoo economics answer.

The GOP does not want to raise anyone's taxes. But they want to keep handing out government gifts to special interests.

 

[The Rabbi]

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Even Obama understands that raising cap gains taxes produces LESS revenue to the Treasury. But he doesnt care about that.

No cause and effect EVER proven, but go ahead and try.

How about we lower the cap gains tax to ZERO? Then show us how much MORE cap gains revenue you would collect.

lol

Every time the rate has been lowered, it has produced more revenue. Every time it has been raised it produces less revenue. Are you disagreeing withObama?
A zero rate would produce the most benefit to the economy.

That's not cause and effect.

After the Clinton tax increase in 1993, revenues went up. By your own argument, that PROVES that raising taxes increases revenues.

Bzzt. Wrong. Shifting of goalposts. No refutation that lowering cap gains taxes increases revenues. Stick to that, Why do you think Obama is wrong when he says that's the case?

 

[The Rabbi]

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Even Obama understands that raising cap gains taxes produces LESS revenue to the Treasury. But he doesnt care about that.

No cause and effect EVER proven, but go ahead and try.

How about we lower the cap gains tax to ZERO? Then show us how much MORE cap gains revenue you would collect.

lol

Every time the rate has been lowered, it has produced more revenue. Every time it has been raised it produces less revenue. Are you disagreeing withObama?
A zero rate would produce the most benefit to the economy.

A zero capital gains tax rate would produce more capital gains tax revenue?

Are you more retarded than most of us thought?

You must have failed reading. In the third grade.
I wrote a zero cap gains tax would benefit THE ECONOMY the most. You understand the economy is no tthe government,r ight?

 

[The Rabbi]

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Fantasy.

you're debating with complete morons that have no idea wtf they're taking about... its expected

All Iwant to know is, whose taxes do they want to raise to offset their capital gains tax cut?

And don't give me the voodoo economics answer.

The GOP does not want to raise anyone's taxes. But they want to keep handing out government gifts to special interests.

Some in the GOP and everyone in the Democrat Party.

 

[kiwiman127]

Losertrains have no right to bitch about the economy. How is cutting funding for infrastructure, science and investment that generally helps our country = a good idea??? Seriously, you people are nuts.

please explain where that TRILLION dollars for BO's great stimulus plan for infrastructure went exactly.....

Actually, it wasn't quite a trillion, it was something like 782 billion.
Yeah, "O" didn't plan his shovel ready jobs too well, there were no shovels. It's too bad he screwed up so bad, our infrastructure is sucking big time and does need serious repairs and updates.

 

[g5000]

Policy Points Experts Agree That Capital Gains Tax Cuts Lose Revenue

Cutting capital gains rates reduces revenues over the long run. That’s the conclusion of the federal government’s official revenue-estimating agencies, as well as outside experts and the Bush Administration’s own Treasury Department.

While a capital gains tax cut can lead investors to rush to “cash in” their capital gains when the lower rate first takes effect, it does not raise revenue over the long run.

 

[Siete]

regardless how any of you RW idiots describe capital gains, the only people that count say this about CG/L taxes ..

Tax Topics - Topic 409 Capital Gains and Losses

tell them.

 

[Toddsterpatriot]

Capital gains aren't capital, they are the income from capital. People put their earned income into investment as well.

Capital gains are the profit on income that is ALREADY invested.

Capital gains are the profit on income that is ALREADY invested.

It's true, if you make capital investment less profitable, you'll get less capital investment.

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Fantasy.

you're debating with complete morons that have no idea wtf they're taking about... its expected

I know, NYC and Siete are clueless. LOL!

 

[The Rabbi]

Losertrains have no right to bitch about the economy. How is cutting funding for infrastructure, science and investment that generally helps our country = a good idea??? Seriously, you people are nuts.

please explain where that TRILLION dollars for BO's great stimulus plan for infrastructure went exactly.....

Actually, it wasn't quite a trillion, it was something like 782 billion.
Yeah, "O" didn't plan his shovel ready jobs too well, there were no shovels. It's too bad he screwed up so bad, our infrastructure is sucking big time and does need serious repairs and updates.

It was 870 something billion and that probbaly only counts ARRA, not cash for clunkers and other programs.

 

[Toddsterpatriot]

If you shift the tax burden to regular income, you get less consumption, therefore less capital gain.

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Even Obama understands that raising cap gains taxes produces LESS revenue to the Treasury. But he doesnt care about that.

No cause and effect EVER proven, but go ahead and try.

How about we lower the cap gains tax to ZERO? Then show us how much MORE cap gains revenue you would collect.

lol

Every time the rate has been lowered, it has produced more revenue. Every time it has been raised it produces less revenue. Are you disagreeing withObama?
A zero rate would produce the most benefit to the economy.

That's not cause and effect.

After the Clinton tax increase in 1993, revenues went up. By your own argument, that PROVES that raising taxes increases revenues.

After the Clinton tax increase in 1993, revenues went up.

Clinton raised the cap gains tax? Are you sure?

 

[NYcarbineer]

If you shift the tax burden to regular income,

Shift the burden?
If you raise capital gains tax rate, you'll collect less capital gains tax, less corporate tax and less income tax.

Even Obama understands that raising cap gains taxes produces LESS revenue to the Treasury. But he doesnt care about that.

No cause and effect EVER proven, but go ahead and try.

How about we lower the cap gains tax to ZERO? Then show us how much MORE cap gains revenue you would collect.

lol

Every time the rate has been lowered, it has produced more revenue. Every time it has been raised it produces less revenue. Are you disagreeing withObama?
A zero rate would produce the most benefit to the economy.

A zero capital gains tax rate would produce more capital gains tax revenue?

Are you more retarded than most of us thought?

You must have failed reading. In the third grade.
I wrote a zero cap gains tax would benefit THE ECONOMY the most. You understand the economy is no tthe government,r ight?

Okay so you finally concede that lowering the cap gains tax to zero would not increase cap gains tax revenue.

What if we lower to 1% from the current level. Will that increase cap gains tax revenue?

 

[The Rabbi]

Policy Points Experts Agree That Capital Gains Tax Cuts Lose Revenue

Cutting capital gains rates reduces revenues over the long run. That’s the conclusion of the federal government’s official revenue-estimating agencies, as well as outside experts and the Bush Administration’s own Treasury Department.

While a capital gains tax cut can lead investors to rush to “cash in” their capital gains when the lower rate first takes effect, it does not raise revenue over the long run.

Note the moving of goalposts. Now it's "over the long run".

 

[NYcarbineer]

Losertrains have no right to bitch about the economy. How is cutting funding for infrastructure, science and investment that generally helps our country = a good idea??? Seriously, you people are nuts.

please explain where that TRILLION dollars for BO's great stimulus plan for infrastructure went exactly.....

Actually, it wasn't quite a trillion, it was something like 782 billion.
Yeah, "O" didn't plan his shovel ready jobs too well, there were no shovels. It's too bad he screwed up so bad, our infrastructure is sucking big time and does need serious repairs and updates.

It was 870 something billion and that probbaly only counts ARRA, not cash for clunkers and other programs.

288 billion of that were tax cuts, which you people count as a COST, despite your incessant claims that tax cuts are not a cost.

Make up your mind.