Whose quote is this?

[Chizzang]

Capital gains are already only taxed at 15%, should we just drop it to zero?

And corporate war chests are fatter than they've ever been, why isn't that money being invested in jobs?

Because our corporate tax rates are the highest in the world and the current administration's love for all things regulation has created wide spread fear and apprehension in the business community. When the business commmunity has fear and apprehension it sits on it's cash.

Corporate tax receipts as a share of corporate profits have hit their lowest point in 40 years
according to the Wall Street Journal: http://online.wsj.com/article/SB1000142 ... 15330.html" onclick="window.open(this.href);return false;


Easily available loopholes as well as corporate tax breaks and the use of offshore tax havens have allowed Corporations to contribute the lowest revenue to US Federal Tax receipts in 40 years...
http://www.whitehouse.gov/omb/budget/Historicals" onclick="window.open(this.href);return false;



Continue to cry wolf Blue - but I am intimately involved with three corporations - and things have NEVER been easier

[Grizalltheway]

The real reason most of them aren't hiring? American worker productivity is at an all time high, and they know they can squeeze every last drop of human capital out of people who are terrified of losing their jobs, or too afraid to leave voluntarily, even if they're overworked and underpaid.

Oh, that, and a lack of consumer demand in a consumption-driven economy. Read: Reaganomics has gutted the middle class to the point that there simply aren't enough people with disposable income to buy all the shit the "producers" make.

[kalm]

We interrupt this thread to clarify a few things...

Cutting marginal tax rates (especially capital gains taxes) on upper income earners has time and again coincided with increased overall tax revenue. The evidence seems to indicate that the upper income earners will invest the money which increases capital for business and spurs business activity, thereby expanding the tax base (jobs) and subsequently tax receipts.

You may now return to your straw man arguments about taxation...

I can also show you evidence that everytime we cut taxes and deregulated during the last century a bubble then crash and or recession/depression ensued.

I'll echo Chizzy's comments in that seriously, how many times have taxes and regulations been lower over the past 30 years?

[blueballs]

Because our corporate tax rates are the highest in the world and the current administration's love for all things regulation has created wide spread fear and apprehension in the business community. When the business commmunity has fear and apprehension it sits on it's cash.

Corporate tax receipts as a share of corporate profits have hit their lowest point in 40 years
according to the Wall Street Journal: http://online.wsj.com/article/SB1000142 ... 15330.html" onclick="window.open(this.href);return false;


Easily available loopholes as well as corporate tax breaks and the use of offshore tax havens have allowed Corporations to contribute the lowest revenue to US Federal Tax receipts in 40 years...
http://www.whitehouse.gov/omb/budget/Historicals" onclick="window.open(this.href);return false;



Continue to cry wolf Blue - but I am intimately involved with three corporations - and things have NEVER been easier

There should be no corporate tax whatsoever... http://www.fairtax.org" onclick="window.open(this.href);return false;.

Just because the tax is lower doesn't mean it is good, as you pointed out with the stats about off shore tax havens.

Taxes and the cost of complying with the tax code is a huge hinderance to business. I would hope we can all agree with that.

[blueballs]

We interrupt this thread to clarify a few things...

Cutting marginal tax rates (especially capital gains taxes) on upper income earners has time and again coincided with increased overall tax revenue. The evidence seems to indicate that the upper income earners will invest the money which increases capital for business and spurs business activity, thereby expanding the tax base (jobs) and subsequently tax receipts.

You may now return to your straw man arguments about taxation...

I can also show you evidence that everytime we cut taxes and deregulated during the last century a bubble then crash and or recession/depression ensued.

I'll echo Chizzy's comments in that seriously, how many times have taxes and regulations been lower over the past 30 years?

The economy is cyclical, always.

[kalm]

I can also show you evidence that everytime we cut taxes and deregulated during the last century a bubble then crash and or recession/depression ensued.

I'll echo Chizzy's comments in that seriously, how many times have taxes and regulations been lower over the past 30 years?

The economy is cyclical, always.

I somewhat agree, but just understand that argument cuts both ways and that supply side theory doesn't exactly have the best track record for balancing the budget.

[kalm]

There should be no corporate tax whatsoever... http://www.fairtax.org" onclick="window.open(this.href);return false;.

Just because the tax is lower doesn't mean it is good, as you pointed out with the stats about off shore tax havens.

Taxes and the cost of complying with the tax code is a huge hinderance to business. I would hope we can all agree with that.

Agree on the tax code, but a question without me having to look it up: How does the Fair Tax eliminate the need for corporate taxes? Corporations reap the benefits of public spending just like people do. If they no longer pay taxes wouldn't that be a tax increase for real people?

[blueballs]

There should be no corporate tax whatsoever... http://www.fairtax.org" onclick="window.open(this.href);return false;.

Just because the tax is lower doesn't mean it is good, as you pointed out with the stats about off shore tax havens.

Taxes and the cost of complying with the tax code is a huge hinderance to business. I would hope we can all agree with that.

Agree on the tax code, but a question without me having to look it up: How does the Fair Tax eliminate the need for corporate taxes? Corporations reap the benefits of public spending just like people do. If they no longer pay taxes wouldn't that be a tax increase for real people?

Easy answer Kalm... because corporations derive the money they pay to the government in taxes from the goods and services they sell to consumers- it is built into the price. The fairtax eliminates the direct tax on coporations and puts the tax upfront at point of sale. The fairtax makes EVERYBODY pay- not just those who report their income and companies who can't hide all or a portion of their income. The fairtax eliminates the absolute clusterfuck and huge expense of complying with the taxcode. The fairtax would bring untold amounts of capital back into the US and attract foreign capital because of no corporate tax, the US would be the greatest corporate tax haven in the world. How much new capital would there be for small and medium sized business if there were no capital gains tax????? The fairtax eliminates the capital gains tax.

The only losers with the fairtax is the IRS, politicians who manipulate the tax code to wield power, and the industries who exist to assist individuals and companies navigate the tax code.

[CitadelGrad]

I guess correctly first and of course get no credit

Are you some kind of affirmation whore? We all saw you give the first correct answer. Good boy. You get your choice of a sugar cookie or chocolate pudding cup.

[Chizzang]

I guess correctly first and of course get no credit

Are you some kind of affirmation whore? We all saw you give the first correct answer. Good boy. You get your choice of a sugar cookie or chocolate pudding cup.

That's all I was looking for...
Thank you

[CitadelGrad]

We interrupt this thread to clarify a few things...

Cutting marginal tax rates (especially capital gains taxes) on upper income earners has time and again coincided with increased overall tax revenue. The evidence seems to indicate that the upper income earners will invest the money which increases capital for business and spurs business activity, thereby expanding the tax base (jobs) and subsequently tax receipts.

You may now return to your straw man arguments about taxation...

I can also show you evidence that everytime we cut taxes and deregulated during the last century a bubble then crash and or recession/depression ensued.

I'll echo Chizzy's comments in that seriously, how many times have taxes and regulations been lower over the past 30 years?

It wasn't the tax cuts or deregulation that caused the bubbles. What you are talking about is a monetary phenomenon. Look to the Fed's easy money policies as the source of the boom and bust cycles.

[kalm]

I can also show you evidence that everytime we cut taxes and deregulated during the last century a bubble then crash and or recession/depression ensued.

I'll echo Chizzy's comments in that seriously, how many times have taxes and regulations been lower over the past 30 years?

It wasn't the tax cuts or deregulation that caused the bubbles. What you are talking about is a monetary phenomenon. Look to the Fed's easy money policies as the source of the boom and bust cycles.

I can buy that, but there still needs to be the RIGHT type of financial regulation, and we still need to pay for things like wars and fulfill obligations to entitlement programs. We can actually afford to do these things if we choose to.