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+--- Thread: Tax cuts will trickle down to job creation! (/showthread.php?tid=108042)
Re: Tax cuts will trickle down to job creation! - Mac1337 - 12-09-2010
beagledave wrote:
[quote=Dakota]
There are no tax cuts. Stop repeating a fallacy. The correct way of saying it is keeping taxes what they are won't create jobs. You have to actually cut them.
Well call them whatever you want..call them "magic fiscal dust", my point still stands. Your side advocated them because they would stimulate small business hiring.
Fail.
"My" side said if you are not creating jobs now you sure as heck aren't gonna create jobs if you raise taxes. Besides, your argument is with your leader. He is the one who now has to go around and eat the words he has been regurgitating for two years. The sight of Obama having to stand behind the podium and this time say that raising taxes on the rich will give us a double dip recession is priceless.
Re: Tax cuts will trickle down to job creation! - OWC Jamie - 12-09-2010
john dough wrote:
Warren Buffett Tells ABC Rich People Should Pay Higher Taxes
!
Easy for someone who just gave all his taxables away to say.
Besides , rich people don't pay any taxes, so the argument is moot.
Re: Tax cuts will trickle down to job creation! - john dough - 12-09-2010
Do you have any evidence that trickle down has ever worked, anywhere?
If you have nothing to back them up, your premises are :bs:
Re: Tax cuts will trickle down to job creation! - Mac1337 - 12-09-2010
john dough wrote:
Do you have any evidence that trickle down has ever worked, anywhere?
Yeah, ask the landscaper who was working on a $10,000 job at half a million dollar home of a rich guy. Couple of blocks down the guy making $30K a year was mowing his dilapidated lawn with a $50 push mower. Who is trickling here?
Re: Tax cuts will trickle down to job creation! - john dough - 12-09-2010
Proof as in links? Any economists to back you up? As daily, you are showing you have nothing but opinion.
I can spin stories as well. How's this: Years ago when I was working for a small business (40 people), my boss (the owner) got a MASSIVE tax break for work on a project within the community. You know how that trickled? All the way to his brand new Bentley.
Re: Tax cuts will trickle down to job creation! - Dennis S - 12-09-2010
Re: Tax cuts will trickle down to job creation! - Grace62 - 12-10-2010
Dakota wrote:
There are no tax cuts. Stop repeating a fallacy. The correct way of saying it is keeping taxes what they are won't create jobs. You have to actually cut them.
Taxes have been cut for most taxpayers. My family will owe less in 2011 than we will for 2010, assuming the same income. That is a cut. It is not "staying the same," it's a cut.
Here is the chart. Look at the numbers on the far right. The first column is the benefit from "Make Work Pay," Pres. Obama's tax cut, which is set to expire. The second column is the benefit from the 2% reduction in payroll taxes. Notice that everybody earning more than $30K benefits MORE with the new payroll tax deduction.
Why aren't you excited about this? We thought you loved lower taxes, especially for high earners.
http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=2866&DocTypeID=7
Re: Tax cuts will trickle down to job creation! - Mac1337 - 12-10-2010
Only a rate cut is a tax cut in my books. Others are ad hoc and can be taken away on a whim or has all sorts of limitations and caps. I am actually against the payroll tax cut. The fund is raided daily as it is. Wasn't that long ago that likes of Obama raised a raucous when Bush suggested that people set aside 2% for themselves. And if Obama is such a tax cutter, why doesn't he cut the rates like Bush did.
Re: Tax cuts will trickle down to job creation! - john dough - 12-10-2010
Taxes going down = a tax cut.
Maybe tough to swallow, but it is what it is. You may not agree with everything that happens in the world but that does not make it not exist.
Re: Tax cuts will trickle down to job creation! - mattkime - 12-10-2010
republicans haven't had a new idea since reagan.