Talk of The Villages Florida - View Single Post - Don't Tax The Job Creators...Really?
Thread: Don't Tax The Job Creators...Really?
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Old 04-30-2012, 07:32 PM
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Originally Posted by Villages Kahuna View Post
Go ahead and give us the answers, Richie.

How about starting by answering the questions on the table, before you get into the political criticisms and overly general commentary?...
  • Is the current income tax system fair? Should half the individuals in the U.S. pay no income tax? Should about 30% of our largest corporations pay no income taxes? Should the average corporate tax rate be less than the average personal tax rate?
  • Would a reduction in personal income tax rates combined with an increase in corporate tax rates, with the objective of revenue neutrality, produce more jobs than further reductions in corporate taxes? (Increased corporate tax revenues might take the form of elimination of special tax benefits, deductions and loopholes and might even permit a reduction in the corporate rate.) Clearly, corporate earnings are dramatically on the upswing, but unemployment is still way too high. Shareholders like me are happy campers, with near record corporate earnings floating the stock market to record levels and permitting generous dividends. But what about the middle class, Richie? About 10% of them can't find a job. The profitable corporations are creating jobs, but not here in the U.S. So what change in tax policy might help them get to work?
I don't know what there is to "learn", Richie, other than that our current system of taxation is both unfair and doesn't produce sufficient revenue to even begin to justify and pay for services, benefits and entitlements provided by the federal government

But let's keep it simple. Just answer the questions. You can skip the quick, cutting, uninformative politically-driven replies.
vk - good questions - don't have the answers - but it makes me wonder what obama and his administration has done or is doing to correct the imperfections of our tax policy and lack of revenue production! are there answers to that dilemma? i tend to agree with the bobbleheads who believe those probs should have been addressed BEFORE health care was.