Barbara Comstock says $250K is not rich in NoVA (Fairfax: salary, taxes)

[spencgr]

Originally Posted by tysonsengineer

Find me one case in which a company specifically said that the tax cut let them add X number of jobs at the time of the cuts, not now in the election cycle of political support. Go back and find one article saying that company 'a' is adding jobs because of the lower tax rate.

Company has to pay more taxes = company has to use profit money to pay more taxes = company has less profit = shareholders are upset = company enacts cost-saving measures = company cuts jobs.

This is a fact.

[tysonsengineer]

Originally Posted by spencgr

Company has to pay more taxes = company has to use profit money to pay more taxes = company has less profit = shareholders are upset = company enacts cost-saving measures = company cuts jobs.

This is a fact.

That is not fact, that is supposition. Companys have more cash holdings today than any other time in american history. THAT is a fact proven by actual statistics. When tax rates where higher during Clinton we saw plenty of people hiring, that is a fact. In fact more people were hired on average during Clinton than during any single period of Bush. That is also a fact.

FACT small businesses receive more incentives for hiring today than any time in history. Literally dozens of deductions from R&D to direct employment and payroll taxes.

Please use ACTUAL facts not supposition if you want to make a case.

[tysonsengineer]

Originally Posted by spencgr

Every movement and new idea started with ONE person. If they had waited for an entire country to agree to further their personal beliefs, nothing ever would have happened. And most of the great movements involved a LOT of personal sacrifice from a few individuals at the very beginning. "Personal principle isn't enough if there is no actual change for our government" is one of the most ridiculous statements I've ever heard. You should stand for your own personal principles at all times.

Interesting seeing as Romney doesnt hold these same principals. Pays far lower tax rates than myself. Wants oil rigs in the chesapeake but wont allow them on his beach front property in Massachusetts. Was willing to take millions in federal assistance for Bain while he was CEO.

Hypocritical much?

I plan on paying my legal fair share. I wont send my money to secret accounts, I wont finagle it so that I can avoid payments. I currently pay my fair share and contribute to charities with out putting them as a tax write off. Last year my charitable contributions were $1400 none of which went on my return because I believe that was my choice to donate to causes who deserve it but does not relieve me of my civic duty. I most certainly if I made 250k would not hide it in other countries so I could hold it all to myself instead of helping the country I love.

I paid 22.5% on 220k (Which puts me in the 33% tax bracket btw... same as those making 250k in taxable income) for 49,500 to the US Government. What did you pay hotshots?

[Yankeesfan]

Originally Posted by snowdenscold

Personal principle isn't enough if there's no actual change for our government. At least that's my reading of it.

Oh, I guess that's true. Think of those foolish folks who freed their slaves voluntarily, or declined to buy them, while slavery was still legal. Or those who treated minorities as equals before civil rights laws forced them too.

Those who think folks here in NoVA should pay more taxes -- well, they're here in NoVA and they are welcome to pay more, they don't have to wait for the government to force them to. TE can use his financial calculation skills to determine how much interest his $7200 (or prorated rate) will save the federal government in interest charges. I'll grant him bragging rights on that, after he writes his check .

[spencgr]

Originally Posted by tysonsengineer

Interesting seeing as Romney doesnt hold these same principals. Pays far lower tax rates than myself. Wants oil rigs in the chesapeake but wont allow them on his beach front property in Massachusetts. Was willing to take millions in federal assistance for Bain while he was CEO.

At what point did I say (or even indicate) that Romney held these principles?

Originally Posted by tysonsengineer

I paid 22.5% on 220k (Which puts me in the 33% tax bracket btw... same as those making 250k in taxable income) for 49,500 to the US Government. What did you pay hotshots?

As mentioned from my first post on this subject; I paid 33% PLUS additional AMT.

[tysonsengineer]

Originally Posted by spencgr

At what point did I say (or even indicate) that Romney held these principles?



As mentioned from my first post on this subject; I paid 33% PLUS additional AMT.

You were in the 33% bracket or you paid 33% because in order to pay 33% you must have made well into the 300k

[spencgr]

Originally Posted by tysonsengineer

That is not fact, that is supposition. Companys have more cash holdings today than any other time in american history. THAT is a fact proven by actual statistics. When tax rates where higher during Clinton we saw plenty of people hiring, that is a fact. In fact more people were hired on average during Clinton than during any single period of Bush. That is also a fact.

FACT small businesses receive more incentives for hiring today than any time in history. Literally dozens of deductions from R&D to direct employment and payroll taxes.

Please use ACTUAL facts not supposition if you want to make a case.

You have to stop assuming that the economy during any presidency is the result of that specific president's policies/ actions. It takes many years to feel the effect of changes, usually it's after that specific president has left office. Booms and Busts in the economy are the results of the actions of previous presidents and their Congresses.

[tysonsengineer]

Originally Posted by spencgr

You have to stop assuming that the economy during any presidency is the result of that specific president's policies/ actions. IT takes many years to feel the effect of changes, usually it's after that specific president has left office. Booms and Busts in the economy are the results of the actions of previous presidents and their Congresses.

Ok Im gonna tone down the rhetoric when talking to you, instead of YF who has got me pissed off with his BS about "me paying my share" which I already do.

I agree about this. I think much of what Clinton gained was due to infrastructure spending by Reagan. Much of early success of Bush was due to residual employment from Clinton. I think alot of what Carter set in place helped Reagan. Unfortunately I think a lot of what Bush set up is why we are where we are today too.

Regardless I think companies could be getting more employees right now if they knew what the future holds based on current holdings.

[spencgr]

Originally Posted by tysonsengineer

You were in the 33% bracket or you paid 33% because in order to pay 33% you must have made well into the 300k

You assume I can take a lot more deductions that I actually can.

[Yankeesfan]

Originally Posted by tysonsengineer

Ok Im gonna tone down the rhetoric when talking to you, instead of YF who has got me pissed off with his BS about "me paying my share" which I already do.

I never said anything about whether you pay your fair share or not. You're the one who is advocating for people to pay more, and talking about how willing you are to do it. Couldn't be simpler, just write the check and put it in the mail. Action, not rhetoric .