Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'd argue that the tax breaks redistributes potential tax money into less productive activities, especially post 2008 economic crisis.
Sorry. Not buying it. Sounds like some vapid talking point, frankly.
The government has an interest in providing incentives to business activity that will produce additional tax revenue. Capital gains tax treatment is a well-proven means of achieving that end. Why would rational taxpayers subject after-tax savings from ordinary income to additional entrepreneurial risk by investing, if there is no preferential tax treatment for taking on the business risk that economic activity represents?
Once you arrive at the correct answer (which is, "They won't") then you will understand why we're all very fortunate that we have delegated the task of writing the tax code to others who have a firmer grasp of the economic issues involved.
It's basically the same tactic used by Wal-Mart to secure public funds for their private growth. "Allow us to retain more in-pocket profits or else we all leave and then you're really gonna be up Poop Creek without a paddle."
It's a great racket... get the taxpayer to chip in for their employee's food, insurance, and housing. All the while pushing municipalities and counties to grant further tax breaks. We owe those producers so much.....
The tax code is 80,000 pages and it convoluted. It's so complicated that specialist (CPA's) are needed to decipher it and keep up on the current tax law. Liberals know the average American does not understand the tax code and because of their lack of knowledge it's easy for them to lie about it to fit their agenda and their viewers will believe them.
So it favors those with the resources then whether large companies or the very wealthy.
It seems Republicans know the average American does not understand the tax code either..... This isn't exactly a partisan issue.
Sorry. Not buying it. Sounds like some vapid talking point, frankly.
The government has an interest in providing incentives to business activity that will produce additional tax revenue. Capital gains tax treatment is a well-proven means of achieving that end. Why would rational taxpayers subject after-tax savings from ordinary income to additional entrepreneurial risk by investing, if there is no preferential tax treatment for taking on the business risk that economic activity represents?
Once you arrive at the correct answer (which is, "They won't") then you will understand why we're all very fortunate that we have delegated the task of writing the tax code to others who have a firmer grasp of the economic issues involved.
This is key..
The government has an interest in providing incentives to business activity that will produce additional tax
Are liberals finally gonna shutup about Trump's tax returns?
Now that they've been proven wrong about Trump being a failed business man and not paying his "fair share", will they finally shut their mouths, or will they just come up with more demands? Or start another useless online petition?
Sorry. Not buying it. Sounds like some vapid talking point, frankly.
Frankly speaking, we are either going to have to significantly cut SSN and Medicare for the boomers or raise taxes.
Quote:
The government has an interest in providing incentives to business activity that will produce additional tax revenue. Capital gains tax treatment is a well-proven means of achieving that end. Why would rational taxpayers subject after-tax savings from ordinary income to additional entrepreneurial risk by investing, if there is no preferential tax treatment for taking on the business risk that economic activity represents?
It's not a zero sum game.
So is giving companies local tax breaks to move from one state to another. So is providing Medicaid to people who don't make enough by working. All these things contribute to businesses "taking on risk".
Quote:
Once you arrive at the correct answer (which is, "They won't") then you will understand why we're all very fortunate that we have delegated the task of writing the tax code to others who have a firmer grasp of the economic issues involved.
So elitism then? Only certain folks are smart enough to grasp the issue..... What's your view on rent seeking?
The tax code is 80,000 pages and it convoluted. People go to specialist (CPA's) who keep up on the current tax law. Liberals know the average American does not understand the tax code and because of their lack of knowledge it's easy for them to lie about it to fit their agenda and their viewers will believe them.
I've seen it both ways. Conservatives and Liberals both tend to prey on tax-illiteracy and will be dishonest about tax code if it benefits their cause. I'd be willing to wager that a number of congressional representatives couldn't tell you the difference between a 1065-B and a 1065-C off the top of their heads.
I've been telling you ever since Obama and Democrats said Tax the rich, people making an "INCOME" of $250k a year but you wouldn't listen. They were playing on your ignorance and you fell for the lie hook, line and sinker.
High income does not mean you are rich or wealthy either. Those people, small businesses, doctors etc simply made high income. Their expense have a lot to do with weather they are able to grow their wealth.
If you were to increase the tax burden in order to raise revenue.... so far the boomers who as a group underfunded the private and public retirement... it would be on the "high income earners" over the traditional middle class. It's the middle class that creates significant demand, not the upper class.
Frankly speaking, we are either going to have to significantly cut SSN and Medicare for the boomers or raise taxes.
It's not a zero sum game.
So is giving companies local tax breaks to move from one state to another. So is providing Medicaid to people who don't make enough by working. All these things contribute to businesses "taking on risk".
So elitism then? Only certain folks are smart enough to grasp the issue..... What's your view on rent seeking?
Intelligence has nothing to do with it. It's taking it upon yourself to learn tax code and to go to a professional to guide you in doing your taxes correctly. It's also knowing when to buy equipment or take losses (tax loss harvesting). You obviously don't have a grasp on the tax code and it sure isn't stopping you from making a fool of yourself.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Are liberals finally gonna shutup about Trump's tax returns?
