Last edited by SGT_Dicklewicz (2009-01-30 11:38:15)
you're kidding me right?cpt.fass1 wrote:
Bailing who out?..teddy..jimmy wrote:
taxes will be bailing your ass out of this mess...
life's a bitch
Not at all? If you're talking about bailing out the banks, Consider that not my ass.. If you're talking about bailing out the American Homeowner, I"d like to sit you down and talk about economic growth, instead of wasting money in the Financial world....teddy..jimmy wrote:
you're kidding me right?cpt.fass1 wrote:
Bailing who out?..teddy..jimmy wrote:
taxes will be bailing your ass out of this mess...
life's a bitch
I think teddy is suggesting that taxes themselves will bail us out of debt, if we cut spending. I could be wrong, but that's how I interpreted it at least.cpt.fass1 wrote:
Not at all? If you're talking about bailing out the banks, Consider that not my ass.. If you're talking about bailing out the American Homeowner, I"d like to sit you down and talk about economic growth, instead of wasting money in the Financial world....teddy..jimmy wrote:
you're kidding me right?cpt.fass1 wrote:
Bailing who out?
could you source something.. I was looking and all I got was thisTurquoise wrote:
Compared to most First World nations, we are generally taxed pretty lightly. The one area where this isn't true is corporate income tax. We should probably lower that some.
But how does that make sense? Useing Tax money to bail us out of debt = getting us into a bigger debt..Turquoise wrote:
I think teddy is suggesting that taxes themselves will bail us out of debt, if we cut spending. I could be wrong, but that's how I interpreted it at least.cpt.fass1 wrote:
Not at all? If you're talking about bailing out the banks, Consider that not my ass.. If you're talking about bailing out the American Homeowner, I"d like to sit you down and talk about economic growth, instead of wasting money in the Financial world....teddy..jimmy wrote:
you're kidding me right?
Denmark has the highest income tax. But don't forget about every state, county, and utility tax we often have piled on.Turquoise wrote:
Compared to most First World nations, we are generally taxed pretty lightly. The one area where this isn't true is corporate income tax. We should probably lower that some.
When you take into account the federal corporate income tax combined with the average state corporate income tax, you find that we tax corporations more (on average) than most other First World nations.cpt.fass1 wrote:
could you source something.. I was looking and all I got was thisTurquoise wrote:
Compared to most First World nations, we are generally taxed pretty lightly. The one area where this isn't true is corporate income tax. We should probably lower that some.
http://www.wsws.org/articles/2008/aug20 … -a15.shtml
If we cut government spending but kept taxes the same, we could start paying down the national debt.cpt.fass1 wrote:
But how does that make sense? Useing Tax money to bail us out of debt = getting us into a bigger debt..Turquoise wrote:
I think teddy is suggesting that taxes themselves will bail us out of debt, if we cut spending. I could be wrong, but that's how I interpreted it at least.cpt.fass1 wrote:
Not at all? If you're talking about bailing out the banks, Consider that not my ass.. If you're talking about bailing out the American Homeowner, I"d like to sit you down and talk about economic growth, instead of wasting money in the Financial world..
Ironically, this has a connection to us not having socialized healthcare. In addition to taxes, adding jobs to a business in America costs more than adding them in a lot of other countries because of benefits plans. If we had socialized healthcare, then taxes would pay for benefits (essentially). Businesses would then no longer have to spend so much on benefits for employees.Kmarion wrote:
Denmark has the highest income tax. But don't forget about every state, county, and utility tax we often have piled on.Turquoise wrote:
Compared to most First World nations, we are generally taxed pretty lightly. The one area where this isn't true is corporate income tax. We should probably lower that some.
The United states is actually extrememly "tax unfriendly" when it comes to starting up a business. .. according to this report.
Especially when you consider that revenue has actually jumped every time we have cut taxes. If we wouldn't have a jump in spending at the same time life would be peachy.Turquoise wrote:
If we cut government spending but kept taxes the same, we could start paying down the national debt.cpt.fass1 wrote:
But how does that make sense? Useing Tax money to bail us out of debt = getting us into a bigger debt..Turquoise wrote:
I think teddy is suggesting that taxes themselves will bail us out of debt, if we cut spending. I could be wrong, but that's how I interpreted it at least.
I think we've essentially reached the point where cutting taxes won't increase revenue. This is why I'm more concerned about cutting spending than cutting taxes. Once the economy improves, we could then cut taxes again to increase revenue.Kmarion wrote:
Especially when you consider that revenue has actually jumped every time we have cut taxes. If we wouldn't have a jump in spending at the same time life would be peachy.Turquoise wrote:
If we cut government spending but kept taxes the same, we could start paying down the national debt.cpt.fass1 wrote:
But how does that make sense? Useing Tax money to bail us out of debt = getting us into a bigger debt..
I understand your presumption but it doesn't necessarily hold true. There is no equivalent to a government managed health care system on our scale now. And the fact that we are spending more now than everyone else in socialized healthcare leads me to believe that a completely government controlled system would be epic failure.Turquoise wrote:
Ironically, this has a connection to us not having socialized healthcare. In addition to taxes, adding jobs to a business in America costs more than adding them in a lot of other countries because of benefits plans. If we had socialized healthcare, then taxes would pay for benefits (essentially). Businesses would then no longer have to spend so much on benefits for employees.Kmarion wrote:
Denmark has the highest income tax. But don't forget about every state, county, and utility tax we often have piled on.Turquoise wrote:
Compared to most First World nations, we are generally taxed pretty lightly. The one area where this isn't true is corporate income tax. We should probably lower that some.
The United states is actually extrememly "tax unfriendly" when it comes to starting up a business. .. according to this report.
Payroll tax here is pretty high compared to a lot of countries. I kind of forgot about that. We could fix that by phasing out Social Security. Then, you could keep more of your paycheck.cpt.fass1 wrote:
I was just looking into the tax thing, not just the corporate income tax.. Because I know that even after the 40% is taken out of my check, that the buck doesn't stop with giving the government my money. OF a matter of fact, I think the only service that I don't get taxed on is my tip I give to my bartender.. Everything else has the Government piggybacking on..
The majority of why we pay so much now has to do with privatization. America is one of the only First World nations that doesn't negotiate prices with pharmaceutical companies. We also pay a lot for the bureaucratic costs that private care incur. On average, governmental care tends to cost less in terms of bureaucracy. I know that sounds counterintuitive, but it's actually true.Kmarion wrote:
I understand your presumption but it doesn't necessarily hold true. There is no equivalent to a government managed health care system on our scale now. And the fact that we are spending more now than everyone else in socialized healthcare leads me to believe that a completely government controlled system would be epic failure.
Why do you think that? It's been proven to work better in tough times.. like 1982.Turquoise wrote:
I think we've essentially reached the point where cutting taxes won't increase revenue. This is why I'm more concerned about cutting spending than cutting taxes. Once the economy improves, we could then cut taxes again to increase revenue.Kmarion wrote:
Especially when you consider that revenue has actually jumped every time we have cut taxes. If we wouldn't have a jump in spending at the same time life would be peachy.Turquoise wrote:
If we cut government spending but kept taxes the same, we could start paying down the national debt.
We're owned by the heath care system here. I would like to say that's why we do attracted the best doctors and scientiest from around the world. But sadly that's starting to slip with the dollar tanking..Turquoise wrote:
The majority of why we pay so much now has to do with privatization. America is one of the only First World nations that doesn't negotiate prices with pharmaceutical companies. We also pay a lot for the bureaucratic costs that private care incur. On average, governmental care tends to cost less in terms of bureaucracy. I know that sounds counterintuitive, but it's actually true.Kmarion wrote:
I understand your presumption but it doesn't necessarily hold true. There is no equivalent to a government managed health care system on our scale now. And the fact that we are spending more now than everyone else in socialized healthcare leads me to believe that a completely government controlled system would be epic failure.
Granted, we also need to implement tort reform.
It has a lot to do with the types of insurance doctors must carry. The sue happy culture has driven these cost through the roof. Removing competition and placing sole discretion in the hands of the crooks in Washington is insane. Sorry, for me there is no debate here.Turquoise wrote:
The majority of why we pay so much now has to do with privatization. America is one of the only First World nations that doesn't negotiate prices with pharmaceutical companies. We also pay a lot for the bureaucratic costs that private care incur. On average, governmental care tends to cost less in terms of bureaucracy. I know that sounds counterintuitive, but it's actually true.Kmarion wrote:
I understand your presumption but it doesn't necessarily hold true. There is no equivalent to a government managed health care system on our scale now. And the fact that we are spending more now than everyone else in socialized healthcare leads me to believe that a completely government controlled system would be epic failure.
Granted, we also need to implement tort reform.
Last edited by cpt.fass1 (2009-01-30 15:42:31)
True.Freke1 wrote:
death tax? How do You paid? Do they come knocking on the coffin? shite.
If I'm not mistaken, they didn't lower the taxes heavily right before 1981. Reagan's cuts were extraordinarily large, because before Reagan, things like the top tax bracket were insane. The top bracket was like 70%. I would think our much more modest rates today don't allow for as much of a dramatic rise in tax revenue.Kmarion wrote:
Why do you think that? It's been proven to work better in tough times.. like 1982.Turquoise wrote:
I think we've essentially reached the point where cutting taxes won't increase revenue. This is why I'm more concerned about cutting spending than cutting taxes. Once the economy improves, we could then cut taxes again to increase revenue.Kmarion wrote:
Especially when you consider that revenue has actually jumped every time we have cut taxes. If we wouldn't have a jump in spending at the same time life would be peachy.
Last edited by Turquoise (2009-01-30 16:00:39)