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#1
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I don't think trickle down applies in today's world as jobs and investments can easily be shifted to almost any where in the world, especially to those with tax friendlier environments. We have the highest corporate tax rates in the world and real unemployment over 11%. I definitely don't think raising tax rates to give a bunch of corrupt, elitist politicians more money to give to their big donor pals, especially corrupt public sector unions. |
#2
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and go back to what tax rates were around ww1-much higher than now also. it's amazing the difference between now, and previous decades. |
#3
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![]() http://www.slate.com/articles/busine..._revenues.html
i believe i posted the above at some point in the past. still a good article. |
#4
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![]() Raising tax rates encourages people to shift money into tax shelters but more importantly in today's global economy more of it goes abroad.
Also there reaches a point where an increase in tax rates raises less revenue. The wealthy already pay most of the taxes in this country. The one thing I think we would agree on is closing the tax loop holes created by lobbyists bribing corrupt politicians to benefit certain businesses. |
#5
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![]() http://dailycaller.com/2012/08/28/ms...by-a-minority/
Great article by a very smart person that pokes many holes in the above chart and study. I find JFK's comments on taxes very interesting. |
#6
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Smart people are very motivated to hold on to more of their money. They don't want their "silent partner" of the Federal Government to enjoy trouble-free income at the expense of their sweat. If they can't find a way to keep more of their money, and if their profits are reduced, they will work LESS or produce LESS and at least recup their time or energy. Or if they are really put up against it by the taxes, they will close the business and do something else for a living, or retire early, or go on some form of assistance in the hopes that things will get better later. All of these responses give less tax revenue to the government and in fact increase expenses where aid from the government is necessary. |