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Thread: S&P Blames Republicans for Credit Downgrade. No mainstream media reports...

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    Quote Originally Posted by ek forever View Post
    From Hauser himself:
    So it is your position that personal income tax rates, corporate tax rates, capital gains taxes, dividend taxes, investment tax credits, depreciation schedules, Social Security taxes, etc are all irrelevant to the amount of revenue the government brings in?

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    MaD Tyte y0! ek forever's Avatar
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    Quote Originally Posted by bu villain View Post
    So it is your position that personal income tax rates, corporate tax rates, capital gains taxes, dividend taxes, investment tax credits, depreciation schedules, Social Security taxes, etc are all irrelevant to the amount of revenue the government brings in?
    Not at all. Just that revenues are heavily more dependent on a functioning and healthy economy more than the rates at which all of those are taxed. The rates play a role, but, data included, with what I said it's clear that having a healthy, growing economy is going to do a lot more for tax revnues than the tax rates. I.e. 1948 and 2001 being the biggest revenue/gdp years in income were also ridiculously good years in the economy.

    Not to mention the data I'm arguing about doesn't mention corporate taxes, which have been on the decline for 50 years. They're slowly and slowly loop-holing themselves out of existence. Remember, business don't pay taxes. They simply write Uncle Sam a check with your money.

    ___

    So is it your position that you can take one point from the multitude of points and facts I've presented and dismiss everything you want and make the case that you're right and I'm wrong? Hyperbole doesn't make good argument.
    Last edited by ek forever; 08-09-2011 at 06:28 PM.

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    Quote Originally Posted by ek forever View Post
    Not at all. Just that revenues are heavily more dependent on a functioning and healthy economy more than the rates at which all of those are taxed. The rates play a role, but, data included, with what I said it's clear that having a healthy, growing economy is going to do a lot more for tax revnues than the tax rates. I.e. 1948 and 2001 being the biggest revenue/gdp years in income were also ridiculously good years in the economy.

    Not to mention the data I'm arguing about doesn't mention corporate taxes, which have been on the decline for 50 years. They're slowly and slowly loop-holing themselves out of existence. Remember, business don't pay taxes. They simply write Uncle Sam a check with your money.
    Doesn't the government write everyone else a check with my money? What's the difference other than a business can't take my money... I have to give it to them.

    Flat tax or fair tax... then you'd never have loop holes to jump through. Simple. Easy. Taxation FIXED.

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    Quote Originally Posted by ek forever View Post
    Not at all. Just that revenues are heavily more dependent on a functioning and healthy economy...
    Ok, just wanted be sure I understood what conclusion you were drawing from that graph.

    Quote Originally Posted by ek forever View Post
    So is it your position that you can take one point from the multitude of points and facts I've presented and dismiss everything you want and make the case that you're right and I'm wrong? Hyperbole doesn't make good argument.
    No that's not my position. I never said you were wrong and never made a statement for me to be right about. I don't think every discussion needs to be about someone being right and others being wrong.

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    MaD Tyte y0! ek forever's Avatar
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    Quote Originally Posted by bu villain View Post
    No that's not my position. I never said you were wrong and never made a statement for me to be right about. I don't think every discussion needs to be about someone being right and others being wrong.

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