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Old 07-08-2011, 02:51 PM
 
12,270 posts, read 11,331,859 times
Reputation: 8066

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when you lower tax rates you collect more taxes

I genuinely think the left doesn't care. I was listening to Juan Williams tout the "shared sacrifice" line the Dems have been mouthing, and I get the feeling they really don't care about collecting more taxes by lowering tax rates. Obama can't run on his record, so he is basing his whole campaign on class warfare and this is all about punishing the wealthy.

It's going to get real ugly. The race card is coming next.

Last edited by Dockside; 07-08-2011 at 03:38 PM..
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Old 07-08-2011, 02:59 PM
 
2,514 posts, read 1,987,317 times
Reputation: 362
Quote:
Originally Posted by RCCCB View Post
First, go elsewhere and rent if you don't like it.
The cost of a trip to mars is cost prohibitive. Just about everywhere else on the planet is having rents go up as people move out of foreclosed houses and into rentals.
Quote:
Originally Posted by RCCCB View Post
Second, your landlord has taxes, replacement of things tenants break and other things to fix that costs money as well as insurance.
More than likely your landlord has tons of higher expenses since the day you moved in.

That aside, remove some of the hundreds of restrictive business laws of the last few years, get tort reform done and lower the rates to Reagan days and you'd see businesses blooming and an increase to the treasury.
Just add more money into circulation and we will see falling rents. The fed is trying this but we have too much debt and we aren't in a position to take on more debt...

Print money and give it away.
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Old 07-08-2011, 03:01 PM
 
Location: Sango, TN
24,868 posts, read 24,392,645 times
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Quote:
Originally Posted by freemkt View Post
When tax rates are reduced, my income stays the same, but rents go through the roof and I become worse off.

Aggregate income must increase for tax collections to rise...so WHO (besides landlords) is seeing income growth when taxes are cut?
Trickle down economics has never once worked in our countries history.

I've been begging Republicans on this forum to show me where it did for the last 4 weeks, and not once have I received a answer.
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Old 07-08-2011, 03:03 PM
 
Location: Parkridge, East Knoxville, TN
469 posts, read 1,175,430 times
Reputation: 382
This is only true while operating on a certain portion of the Laffer Curve, and a small one at that. For the most part this is a myth that has never been proven with empirical evidence
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Old 07-08-2011, 05:21 PM
 
11,531 posts, read 10,292,202 times
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Quote:
Originally Posted by Majin View Post
what the hell are you talking about
LOL.

Only through war can we have peace.
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Old 07-08-2011, 05:42 PM
 
Location: SC
9,101 posts, read 16,459,190 times
Reputation: 3620
Quote:
Originally Posted by freemkt View Post
When tax rates are reduced, my income stays the same, but rents go through the roof and I become worse off.

Aggregate income must increase for tax collections to rise...so WHO (besides landlords) is seeing income growth when taxes are cut?
With all due respect, I don't think you can make broad sweeping statements about the economy and taxes based on what you personally pay in rent.
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Old 07-08-2011, 05:52 PM
 
48,502 posts, read 96,867,563 times
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Where we will ready colect more money is to make based pure on income.That would bvroaden the tax base and lower thr rates.It woul;d then be much easier to collect taxes and catch cheats which lone would pay the government debt off.
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Old 07-08-2011, 09:21 PM
 
33,016 posts, read 27,464,007 times
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Quote:
Originally Posted by carterstamp View Post
Whaaaa???? You talking sales tax, property tax, income tax, withholding tax, gas tax, cigarette tax???? All of the above, none of the above?

Or do you just have an issue with your rent being raised?


Sorry I wasn't clear. I listen to too much talk radio and I frequently hear the hosts talk about how tax revenue goes up when income tax rates are cut. (They usually use Reagan as the prime example of this.)

Now if income tax rates are cut AND tax collections go up, there MUST be more income sloshing around the economy.

I'd just like to know where all this extra income is going because the people I know aren't seeing it in their pockets.
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Old 07-08-2011, 09:24 PM
 
Location: Imaginary Figment
11,449 posts, read 14,468,431 times
Reputation: 4777
Quote:
Originally Posted by carterstamp View Post

Or do you just have an issue with your rent being raised?
Maybe it's a hanger on from "The rent is too damn high" party?
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Old 07-08-2011, 09:25 PM
 
33,016 posts, read 27,464,007 times
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Quote:
Originally Posted by emilybh View Post
With all due respect, I don't think you can make broad sweeping statements about the economy and taxes based on what you personally pay in rent.

True, I am not a representative sample.
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