Interesting Article on Tax Cuts

[Guest]

I found this very interesting.....

http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9?OpenDocument

[Guest]

but his conclusions based on only looking at Bush's term, 8 years, only tells about the statistics within and during that period. It does not show whether the results are any better or any worse than the previous 20 years or those since he left office. When the Bush years results are presented as a part of the trending prior to and post his term, then one can conclude the real effect.

Statistics are always interesting in that one can have any result they choose to portray by compartmentalizing data or the periods of the data. Same effect as presenting out of context verbiage to make a point....usually not the point of the person who generated original verbiage.

btk

[Guest]

The tax cuts cost $1.8 trillion in the first eight years

I love how the liberals always use the word cost along with tax cuts. It's going to cost the govenment x amount of $$. Why do they always assume it's their moeny in the first place.

I don't recall ever being asked how much a tax increase will cost me or how it may effect my family. They just TAKE it.

The government NEVER does with less, only we do.

[Guest]

but his conclusions based on only looking at Bush's term, 8 years, only tells about the statistics within and during that period. It does not show whether the results are any better or any worse than the previous 20 years or those since he left office. When the Bush years results are presented as a part of the trending prior to and post his term, then one can conclude the real effect.

Statistics are always interesting in that one can have any result they choose to portray by compartmentalizing data or the periods of the data. Same effect as presenting out of context verbiage to make a point....usually not the point of the person who generated original verbiage.

btk


Actually he did look back to the Clinton, Ford and Nixon years.....

"The tax cuts did not spur investment. Job growth in the George W. Bush years was one-seventh that of the Clinton years. Nixon and Ford did better than Bush on jobs"

[Guest]

Let me ask a question. Why do you liberals want to increase taxes? I don't think that is a particularly difficult question but I bet you have a hard time answering it.

Yoda

[Guest]

Let me add the following to my above questions.

Try not to come out sounding like this you support class warfare.

Try not to sound like you are using the Robin Hood theory.

Tell us what you think will be gained and by whom.

Yoda

[Guest]

Just to add a side note to this. The author of the article was a long time writer for the New York Times. I'm just saying.

[Guest]

Let me ask a question. Why do you liberals want to increase taxes? I don't think that is a particularly difficult question but I bet you have a hard time answering it.

Yoda

Why do you insist on labeling anyone to the left of you a liberal? I am socially liberal but financially conservative and you can't change that fact.

How much did you bet cause you are about to lose.

To answer your question..... In Colorado we have had to deal with the TABOR law for many years. Now we have no bathrooms or trash cans in our public parks, all of the public swimming pools have been closed. (Some were opened by private enterprise). The city of Colorado Springs no longer maintains the medians or for that matter the roads. Both the police and fire departments have been cut. On the ballot in November there are 3 initiatives to further cut taxes. (11 times the people of Colorado Springs have voted down a tax increase). We have very low property taxes....I compared my Marion County tax bill to my El Paso county tax bill for this one.

I don't like taxes anyone that you do but I believe the burden of taxes are a shared responsibility and a necessary one. So when Warren Buffet pays .02% taxes on his income and investment's while a single minimum wage earner pays 22% something is wrong. Have you ever looked at who these small businesses are? Ever checked out an S-Corp company. You might want to look into that. You would be surprised as to who is not paying any taxes at all.

See that wasn't hard at all.

[Guest]

Why do you insist on labeling anyone to the left of you a liberal? I am socially liberal but financially conservative and you can't change that fact.

How much did you bet cause you are about to lose.

To answer your question..... In Colorado we have had to deal with the TABOR law for many years. Now we have no bathrooms or trash cans in our public parks, all of the public swimming pools have been closed. (Some were opened by private enterprise). The city of Colorado Springs no longer maintains the medians or for that matter the roads. Both the police and fire departments have been cut. On the ballot in November there are 3 initiatives to further cut taxes. (11 times the people of Colorado Springs have voted down a tax increase). We have very low property taxes....I compared my Marion County tax bill to my El Paso county tax bill for this one.

I don't like taxes anyone that you do but I believe the burden of taxes are a shared responsibility and a necessary one. So when Warren Buffet pays .02% taxes on his income and investment's while a single minimum wage earner pays 22% something is wrong. Have you ever looked at who these small businesses are? Ever checked out an S-Corp company. You might want to look into that. You would be surprised as to who is not paying any taxes at all.

See that wasn't hard at all.

I would not count on taxes being used to finance any of the things you imagine and wish they would. They usually go to the projects that will benefit the politician in some way, either financially or electorally.

[Guest]

Let me add the following to my above questions.

Try not to come out sounding like this you support class warfare.

Try not to sound like you are using the Robin Hood theory.

Tell us what you think will be gained and by whom.

Yoda

I didn't see this one before I answered but I hope my answer covers some of these.

I certainly don't support class warfare in either direction. No Robin Hood here....big supporter of welfare limits and immigration reform. I do believe that the middle class makes our economy strong and we have lost sight of that.

[Guest]

I would not count on taxes being used to finance any of the things you imagine and wish they would. They usually go to the projects that will benefit the politician in some way, either financially or electorally.


He didn't ask me about Peter Pan! LOL.

I struggle with this issue myself:

I would not count on taxes being used to finance any of the things you imagine and wish they would.

But if we don't collect the taxes then surely they would not be funded.

PS: We used to have bathrooms in the parks.

[Guest]

I don't like taxes anyone that you do but I believe the burden of taxes are a shared responsibility and a necessary one. So when Warren Buffet pays .02% taxes on his income and investment's while a single minimum wage earner pays 22% something is wrong. Have you ever looked at who these small businesses are? Ever checked out an S-Corp company. You might want to look into that. You would be surprised as to who is not paying any taxes at all.

See that wasn't hard at all.

I am all for enacting a flat tax after I have to go to my accountant each year to get my taxes done because the tax code is so complicated. That would make it fairer in regards to the example given with Buffett.

With the current structure, I don't support increasing taxes. The govenment has proven time and time ago that they are poor stewards of the money and will always want to spend more than they have. Cut the size of government and in turn government spending and decrease taxes and you will see jobs being created in the private sector again. The more money being generated in the private sector creates more revenue for the government. it really is that simple.

[Guest]

Let me add the following to my above questions.

Try not to come out sounding like this you support class warfare.

Try not to sound like you are using the Robin Hood theory.

Tell us what you think will be gained and by whom.

Yoda

Yoda...

I answered your questions....where are you? We have a bet.

[Guest]

So long as they call it the "Bush tax cuts" BHO will never go along with it. If the name was changed and it was called the "Obama tax cuts" he would have no problem with extending the tax cuts. His ego is so huge that anything good from the Bush years is taboo.

[Guest]

So long as they call it the "Bush tax cuts" BHO will never go along with it. If the name was changed and it was called the "Obama tax cuts" he would have no problem with extending the tax cuts. His ego is so huge that anything good from the Bush years is taboo.

he went along with the Bush policy in Afghanistan. You obviously prefer to take cheap shots.