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Old 07-10-2014, 09:03 AM
 
29,035 posts, read 15,300,370 times
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Somebody doesn't seem to understand consumers, cost of goods and competition.

People are buying stuff from Chinese due to higher quality; they are purchasing it due to price.

When taxes continue to increase, it will eventually effect price and give an advantage to companies offering lower costs due to lower taxes (overhead).
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Old 07-10-2014, 09:12 AM
 
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Honestly, we should probably just get rid of most business taxes and substantially raise income taxes and capital gains. That would be one way to encourage investment in capital expenditures and infrastructure instead of sitting on the money and/or incorporating in Ireland.
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Old 07-10-2014, 05:52 PM
 
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I've never thought that one had much to do with the other.
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Old 07-10-2014, 06:02 PM
 
Location: Fort Worth Texas
12,482 posts, read 8,806,869 times
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Quote:
Originally Posted by Motion View Post
Interesting.
Why not tax at a 100 percent if high taxes do not hurt jobs
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Old 07-10-2014, 06:12 PM
 
26,302 posts, read 12,777,785 times
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Quote:
Originally Posted by wjtwet View Post
Why not tax at a 100 percent if high taxes do not hurt jobs
Sigh. Please. Just stop. any quote that says "why not just" and then goes on to some idiotic extreme does not contribute to a discussion.

So lets try something more reasonable

"At what point does taxation affect employment?"

Given that many countries tax more then twice our rate, and have less unemployment, the answer is....some where north of 2X what we do, as long as the money is used for public benefit.
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Old 07-10-2014, 06:13 PM
 
11,780 posts, read 8,562,986 times
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Quote:
Originally Posted by PedroMartinez View Post
Somebody doesn't seem to understand consumers, cost of goods and competition.

People are buying stuff from Chinese due to higher quality; they are purchasing it due to price.

When taxes continue to increase, it will eventually effect price and give an advantage to companies offering lower costs due to lower taxes (overhead).
Except that income taxes are not part of the overhead calculation. A company could lower their tax bill today by just increasing expenses or lowering their prices, but that wouldn't maximize profit.
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Old 07-10-2014, 06:17 PM
 
11,780 posts, read 8,562,986 times
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Quote:
Originally Posted by greywar View Post
Sigh. Please. Just stop. any quote that says "why not just" and then goes on to some idiotic extreme does not contribute to a discussion.

So lets try something more reasonable

"At what point does taxation affect employment?"

Given that many countries tax more then twice our rate, and have less unemployment, the answer is....some where north of 2X what we do, as long as the money is used for public benefit.
Kind of. It also matters what kind of taxation. Fixed rate taxes will affect the ability to hire more than an income tax will because the income is variable while the fixed tax is, well, fixed.
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Old 07-10-2014, 06:32 PM
 
Location: Atlanta, Ga
1,886 posts, read 1,896,227 times
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I can agree. I used to live in South Carolina, and for all the hillbilly politicians claiming the low taxes will bring jobs, everything's still about as undeveloped as it was a decade ago. Most of the jobs too are low paying factory jobs.
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Old 07-10-2014, 07:51 PM
 
6,544 posts, read 9,038,372 times
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Quote:
Originally Posted by mattee01 View Post

I can agree. I used to live in South Carolina, and for all the hillbilly politicians claiming the low taxes will bring jobs, everything's still about as undeveloped as it was a decade ago. Most of the jobs too are low paying factory jobs.
Maybe it's still underdeveloped in that part of SC because they have poor infrastructure and a low educated workforce that will only attract lower paying jobs to the area. So again maybe infrastructure and the education level of the local workforce is more important than the tax rate?
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Old 07-10-2014, 07:55 PM
 
Location: Someplace Wonderful
5,178 posts, read 3,883,474 times
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Quote:
Originally Posted by HappyTexan View Post
Higher taxes though steer money to the government rather than to increase worker's wages.
And what is the point of all this money going to the government when they turn around and send it to other countries and fund social welfare programs here.
I'm going to use your post to grouse about something that bothers me.

So, to all you business owners, answer me this question. If ALL your business taxes were to end tomorrow, and I mean no income tax, no property tax, no employment tax, what are you going to do with that extra money? Will you:

1) lower your prices?

2) give your employees raises?

3) hire more employees?

4) some combination of the above?

Or will you just stuff the money into your pockets, figuring that your customers are already paying what they pay and your employees are already earning what they earn and working the time and the effort it already takes?

I have a sneaking suspicion that the money would go directly into the owner's pockets, and no one other than the owner will benefit from those lower taxes.
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