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Old 01-11-2012, 04:57 PM
 
Location: Atlanta, GA
443 posts, read 773,827 times
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I've not been able to understand this - why does the GOP / Republicans want to cut taxes further, when income taxes are lower now than they have been for most of the time since around 1913 as far as I can tell.

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States (see under history)

Unless they wish to cut other taxes other than income taxes?
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Old 01-11-2012, 05:42 PM
 
Location: Texas
14,969 posts, read 14,218,645 times
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They're still too high and taxes, while to some degree a necessary evil, are impediments to the free market.
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Old 01-11-2012, 05:44 PM
 
Location: Great State of Texas
86,093 posts, read 72,525,560 times
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Quote:
Originally Posted by icecreamsandwich View Post
I've not been able to understand this - why does the GOP / Republicans want to cut taxes further, when income taxes are lower now than they have been for most of the time since around 1913 as far as I can tell.

Income tax in the United States - Wikipedia, the free encyclopedia (see under history)

Unless they wish to cut other taxes other than income taxes?
What tax cuts have the Republicans put forward ?
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Old 01-11-2012, 05:47 PM
 
5,915 posts, read 4,173,538 times
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Quote:
Originally Posted by icecreamsandwich View Post
I've not been able to understand this - why does the GOP / Republicans want to cut taxes further, when income taxes are lower now than they have been for most of the time since around 1913 as far as I can tell.
What about the taxes that have been imposed since 1913?
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Old 01-11-2012, 05:51 PM
 
Location: Florida -
8,764 posts, read 10,848,423 times
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I know it sounds ridiculous, but, I think the real issue is cutting SPENDING, before or in place of raising taxes. Why, in the face of astronomical deficit spending, does the notion of raising taxes (at least on those evil 'wealthy' people and corporations) ... always seem to trump any notion of cutting spending in any reasonable amount? ---

Any individual who was spending significantly more than their income; ... and had only their own resources to depend on, would readily come to the obvious conclusion that they needed to cut spending. (Of course, when one is spending 'other people's money,' expecting 'other people' to pay will always seem like a better solution.
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Old 01-11-2012, 05:52 PM
 
2,944 posts, read 3,007,129 times
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Quote:
Originally Posted by icecreamsandwich View Post
I've not been able to understand this - why does the GOP / Republicans want to cut taxes further, when income taxes are lower now than they have been for most of the time since around 1913 as far as I can tell.

Income tax in the United States - Wikipedia, the free encyclopedia (see under history)

Unless they wish to cut other taxes other than income taxes?
How is this low? How about pitting US tax against the rest of the world?

How about income inflation in the equation. Inflation, the invisible tax hurt the middle and low income the must because they cannot protect against inflation. The reason the gap between the Rich and the middle/poor is getting because is because the rich is able to protect themselves against inflation. They are not getting richer, it is just the middle/poor classes getting even poorer due to inflation.

US and Japan are the only countries in the world that tax income base on citizenship instead of residency. That mean, if you were born in the US and the move to another country, you are required to pay US income tax.
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