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Old 08-02-2010, 07:23 AM
 
Location: The Republic of Texas
66,055 posts, read 33,483,200 times
Reputation: 14117

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Cutting taxes creates more wealth.
More wealth and even with the tax cuts, more people pay taxes.
The poor don't pay taxes, they consume them.

Policies that create more poor, means more consuming, than those paying.

Ever get a job from a poor person?
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Old 08-02-2010, 07:27 AM
 
Location: Tampa Florida
22,243 posts, read 15,253,864 times
Reputation: 4583
It creates wealth for a very select few, the rest, it just helps them survive.
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Old 08-02-2010, 07:29 AM
 
Location: Raleigh, NC
20,017 posts, read 15,671,539 times
Reputation: 3745
Taxes weren't really cut under Bush. You forget about the inflation tax. High deficits create those, dontcha know? Only the uber-wealthy avoid the inflation tax also. Tax cuts PLUS spending cuts (military, welfare, etc)
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Old 08-02-2010, 07:29 AM
 
Location: Londonderry, NH
41,505 posts, read 51,182,599 times
Reputation: 24606
Top end tax cuts only allow the financial theives to keep most of the loot. Tax cuts for the working and middle class provide the spending that keeps the economy growing.
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Old 08-02-2010, 07:32 AM
 
Location: Tampa Florida
22,243 posts, read 15,253,864 times
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Quote:
Originally Posted by GregW View Post
Top end tax cuts only allow the financial theives to keep most of the loot. Tax cuts for the working and middle class provide the spending that keeps the economy growing.
You are right. Taxes should be cut for lower incomes, raised for higher incomes. That way, instead of trickle down, which doesn't work, we could have trickle up, which actually does work.
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Old 08-02-2010, 07:32 AM
 
Location: #
9,605 posts, read 14,622,108 times
Reputation: 6278
Bentbow, can you explain to me how our poorest Texans are avoiding sales tax?
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Old 08-02-2010, 07:35 AM
 
1,461 posts, read 1,280,572 times
Reputation: 790
Depends on who gets the tax cuts. Anyone with over a million in assets doesn't need them. They have enough tools to avoid taxes if they get a decent advisor.
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Old 08-02-2010, 07:51 AM
 
Location: Central Maine
4,685 posts, read 5,514,703 times
Reputation: 4966
Quote:
Originally Posted by BentBow View Post
Cutting taxes creates more wealth.
In 2001 and 2003, income taxes were reduced for everyone. The rates have not been increased since then. So, everyone should have more wealth now than prior to the tax cuts, and the economy should be booming.

From a 2003 article:
President Bush argues that it is better for the economy if individuals and small businesses have more money to spend and invest. A tax cut would allow people and businesses to keep money that is given over to the federal government in taxes under the current system.
He got the tax cuts. How's that working out for the economy today?
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Old 08-02-2010, 07:55 AM
 
Location: Central Maine
4,685 posts, read 5,514,703 times
Reputation: 4966
Quote:
Originally Posted by summers73 View Post
Taxes weren't really cut under Bush.
Thanks for my morning chuckle.

If taxes weren't really cut under Bush, then there's no case to be made for extending these phantom tax cuts.
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Old 08-02-2010, 07:56 AM
 
Location: Sango, TN
24,889 posts, read 20,986,152 times
Reputation: 8620
Quote:
Originally Posted by BentBow View Post
Cutting taxes creates more wealth.
More wealth and even with the tax cuts, more people pay taxes.
The poor don't pay taxes, they consume them.

Policies that create more poor, means more consuming, than those paying.

Ever get a job from a poor person?
If someone making 250,000 a year gets taxed at 30%, they are paying 75,000 dollars.

I hardly think anyone making 175,000 a year can be considered poor by any standard.

If you raise that by 1%, thats an additional 2,500 that year.

Again, I hardly feel that an additional 2,500 is going to make someone poor, who is earning 250,000 dollars a year.

The bush tax cuts are aimed at the top 10% of earners.

You're presenting a false argument.
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