Home › Forums › Financial Markets/Economics › Are Republicans exaggerating the effects of tax increases to small businesses?
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dbapig.
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February 28, 2009 at 6:48 AM #357611February 28, 2009 at 7:08 AM #357037
TheBreeze
Participant[quote=gothicreader]And, wouldn’t CA be highest taxed state in the country?
How are you guys going to survive, when tourism fall because of the high taxes?
[/quote]WTF? You make decisions on where to take your vacation based on the sales tax rate? Please don’t have kids.
It seems like every ‘argument’ I hear against higher taxes is made by some doofus dittohead parroting O’Reilly or Limbaugh and usually has no logic behind it.
It’s always something like “Uhhhh … if you raise taxes on people making over $250K, those people will quit their jobs/close up their businesses/etc and go on welfare. Uhhhh … yeah, yeah, that’s what’ll happen.” Then if you point out to aforementioned parrothead (who is always making less than $250K) that it makes no sense for someone to give up $250K+ in income just because of a few extra thousand in taxes and go on welfare and make $15K a year they just give you that totally lost look. Their skulls are impenetrable by logic.
February 28, 2009 at 7:08 AM #357339Participant[quote=gothicreader]And, wouldn’t CA be highest taxed state in the country?
How are you guys going to survive, when tourism fall because of the high taxes?
[/quote]WTF? You make decisions on where to take your vacation based on the sales tax rate? Please don’t have kids.
It seems like every ‘argument’ I hear against higher taxes is made by some doofus dittohead parroting O’Reilly or Limbaugh and usually has no logic behind it.
It’s always something like “Uhhhh … if you raise taxes on people making over $250K, those people will quit their jobs/close up their businesses/etc and go on welfare. Uhhhh … yeah, yeah, that’s what’ll happen.” Then if you point out to aforementioned parrothead (who is always making less than $250K) that it makes no sense for someone to give up $250K+ in income just because of a few extra thousand in taxes and go on welfare and make $15K a year they just give you that totally lost look. Their skulls are impenetrable by logic.
February 28, 2009 at 7:08 AM #357478Participant[quote=gothicreader]And, wouldn’t CA be highest taxed state in the country?
How are you guys going to survive, when tourism fall because of the high taxes?
[/quote]WTF? You make decisions on where to take your vacation based on the sales tax rate? Please don’t have kids.
It seems like every ‘argument’ I hear against higher taxes is made by some doofus dittohead parroting O’Reilly or Limbaugh and usually has no logic behind it.
It’s always something like “Uhhhh … if you raise taxes on people making over $250K, those people will quit their jobs/close up their businesses/etc and go on welfare. Uhhhh … yeah, yeah, that’s what’ll happen.” Then if you point out to aforementioned parrothead (who is always making less than $250K) that it makes no sense for someone to give up $250K+ in income just because of a few extra thousand in taxes and go on welfare and make $15K a year they just give you that totally lost look. Their skulls are impenetrable by logic.
February 28, 2009 at 7:08 AM #357507Participant[quote=gothicreader]And, wouldn’t CA be highest taxed state in the country?
How are you guys going to survive, when tourism fall because of the high taxes?
[/quote]WTF? You make decisions on where to take your vacation based on the sales tax rate? Please don’t have kids.
It seems like every ‘argument’ I hear against higher taxes is made by some doofus dittohead parroting O’Reilly or Limbaugh and usually has no logic behind it.
It’s always something like “Uhhhh … if you raise taxes on people making over $250K, those people will quit their jobs/close up their businesses/etc and go on welfare. Uhhhh … yeah, yeah, that’s what’ll happen.” Then if you point out to aforementioned parrothead (who is always making less than $250K) that it makes no sense for someone to give up $250K+ in income just because of a few extra thousand in taxes and go on welfare and make $15K a year they just give you that totally lost look. Their skulls are impenetrable by logic.
February 28, 2009 at 7:08 AM #357616Participant[quote=gothicreader]And, wouldn’t CA be highest taxed state in the country?
How are you guys going to survive, when tourism fall because of the high taxes?
[/quote]WTF? You make decisions on where to take your vacation based on the sales tax rate? Please don’t have kids.
It seems like every ‘argument’ I hear against higher taxes is made by some doofus dittohead parroting O’Reilly or Limbaugh and usually has no logic behind it.
It’s always something like “Uhhhh … if you raise taxes on people making over $250K, those people will quit their jobs/close up their businesses/etc and go on welfare. Uhhhh … yeah, yeah, that’s what’ll happen.” Then if you point out to aforementioned parrothead (who is always making less than $250K) that it makes no sense for someone to give up $250K+ in income just because of a few extra thousand in taxes and go on welfare and make $15K a year they just give you that totally lost look. Their skulls are impenetrable by logic.
February 28, 2009 at 7:10 AM #357042Participant[quote=UCGal][quote=flu][quote=UCGal]
Everyone I know was polled too.
If you have an address, you’ll get polled. You may choose to ignore it, but you will receive the census questionaire in 2010.[/quote]At a $1billion price tag for us taxpayers, I better :)[/quote]
Continuing the hijack…Well considering it’s actually required under the constitution to determine congressional seats, we all better. 😉
[/quote]Another idiot Republican gets pwnd.
February 28, 2009 at 7:10 AM #357344Participant[quote=UCGal][quote=flu][quote=UCGal]
Everyone I know was polled too.
If you have an address, you’ll get polled. You may choose to ignore it, but you will receive the census questionaire in 2010.[/quote]At a $1billion price tag for us taxpayers, I better :)[/quote]
Continuing the hijack…Well considering it’s actually required under the constitution to determine congressional seats, we all better. 😉
[/quote]Another idiot Republican gets pwnd.
February 28, 2009 at 7:10 AM #357483Participant[quote=UCGal][quote=flu][quote=UCGal]
Everyone I know was polled too.
If you have an address, you’ll get polled. You may choose to ignore it, but you will receive the census questionaire in 2010.[/quote]At a $1billion price tag for us taxpayers, I better :)[/quote]
Continuing the hijack…Well considering it’s actually required under the constitution to determine congressional seats, we all better. 😉
[/quote]Another idiot Republican gets pwnd.
February 28, 2009 at 7:10 AM #357512Participant[quote=UCGal][quote=flu][quote=UCGal]
Everyone I know was polled too.
If you have an address, you’ll get polled. You may choose to ignore it, but you will receive the census questionaire in 2010.[/quote]At a $1billion price tag for us taxpayers, I better :)[/quote]
Continuing the hijack…Well considering it’s actually required under the constitution to determine congressional seats, we all better. 😉
[/quote]Another idiot Republican gets pwnd.
February 28, 2009 at 7:10 AM #357621Participant[quote=UCGal][quote=flu][quote=UCGal]
Everyone I know was polled too.
If you have an address, you’ll get polled. You may choose to ignore it, but you will receive the census questionaire in 2010.[/quote]At a $1billion price tag for us taxpayers, I better :)[/quote]
Continuing the hijack…Well considering it’s actually required under the constitution to determine congressional seats, we all better. 😉
[/quote]Another idiot Republican gets pwnd.
February 28, 2009 at 7:19 AM #357047Anonymous
Guest[quote=DoJC]
This all reminds me of a story about the Nazis in WWII. […][/quote]We are discussing a change in the marginal tax rate, and you are making holocaust analogies?
[quote=DoJC]
I for one aspire to hit the highest tax bracket I can […][/quote]Funny how so many of those who really aren’t even affected by the higher tax rates on the wealthy are so passionately against them. It seems that the wannabees are often more concerned than those who are actually wealthy.
Another thing that always gets lost in the tax debate: It is the MARGINAL tax rate that changes. The rate only applies to the income that exceeds a certain limit. Under the Obama plan, the first $250K you make is taxed the same as everyone else (which is less than before).
I’ve lived in a lot of expensive places, and I know that a $250K per year definitely qualifies anyone as “comfortable.” A family can live well anywhere in the U.S. on this income (Manhattan is perhaps a exception, but that is a whole other universe…) If one wants to present themselves as a high roller, they will claim $250K is chump change (but I’ll bet they probably won’t be willing to show us their 1040EZ.)
Those with income above the $250K threshold will pay a slightly higher percentage of taxes on the amount over this limit. It does not impact these individuals much, it won’t discourage anyone to invest or work hard, and it will help the federal budget quite a bit. In short, it’s the best plan out there.
February 28, 2009 at 7:19 AM #357349Guest[quote=DoJC]
This all reminds me of a story about the Nazis in WWII. […][/quote]We are discussing a change in the marginal tax rate, and you are making holocaust analogies?
[quote=DoJC]
I for one aspire to hit the highest tax bracket I can […][/quote]Funny how so many of those who really aren’t even affected by the higher tax rates on the wealthy are so passionately against them. It seems that the wannabees are often more concerned than those who are actually wealthy.
Another thing that always gets lost in the tax debate: It is the MARGINAL tax rate that changes. The rate only applies to the income that exceeds a certain limit. Under the Obama plan, the first $250K you make is taxed the same as everyone else (which is less than before).
I’ve lived in a lot of expensive places, and I know that a $250K per year definitely qualifies anyone as “comfortable.” A family can live well anywhere in the U.S. on this income (Manhattan is perhaps a exception, but that is a whole other universe…) If one wants to present themselves as a high roller, they will claim $250K is chump change (but I’ll bet they probably won’t be willing to show us their 1040EZ.)
Those with income above the $250K threshold will pay a slightly higher percentage of taxes on the amount over this limit. It does not impact these individuals much, it won’t discourage anyone to invest or work hard, and it will help the federal budget quite a bit. In short, it’s the best plan out there.
February 28, 2009 at 7:19 AM #357487Guest[quote=DoJC]
This all reminds me of a story about the Nazis in WWII. […][/quote]We are discussing a change in the marginal tax rate, and you are making holocaust analogies?
[quote=DoJC]
I for one aspire to hit the highest tax bracket I can […][/quote]Funny how so many of those who really aren’t even affected by the higher tax rates on the wealthy are so passionately against them. It seems that the wannabees are often more concerned than those who are actually wealthy.
Another thing that always gets lost in the tax debate: It is the MARGINAL tax rate that changes. The rate only applies to the income that exceeds a certain limit. Under the Obama plan, the first $250K you make is taxed the same as everyone else (which is less than before).
I’ve lived in a lot of expensive places, and I know that a $250K per year definitely qualifies anyone as “comfortable.” A family can live well anywhere in the U.S. on this income (Manhattan is perhaps a exception, but that is a whole other universe…) If one wants to present themselves as a high roller, they will claim $250K is chump change (but I’ll bet they probably won’t be willing to show us their 1040EZ.)
Those with income above the $250K threshold will pay a slightly higher percentage of taxes on the amount over this limit. It does not impact these individuals much, it won’t discourage anyone to invest or work hard, and it will help the federal budget quite a bit. In short, it’s the best plan out there.
February 28, 2009 at 7:19 AM #357517Guest[quote=DoJC]
This all reminds me of a story about the Nazis in WWII. […][/quote]We are discussing a change in the marginal tax rate, and you are making holocaust analogies?
[quote=DoJC]
I for one aspire to hit the highest tax bracket I can […][/quote]Funny how so many of those who really aren’t even affected by the higher tax rates on the wealthy are so passionately against them. It seems that the wannabees are often more concerned than those who are actually wealthy.
Another thing that always gets lost in the tax debate: It is the MARGINAL tax rate that changes. The rate only applies to the income that exceeds a certain limit. Under the Obama plan, the first $250K you make is taxed the same as everyone else (which is less than before).
I’ve lived in a lot of expensive places, and I know that a $250K per year definitely qualifies anyone as “comfortable.” A family can live well anywhere in the U.S. on this income (Manhattan is perhaps a exception, but that is a whole other universe…) If one wants to present themselves as a high roller, they will claim $250K is chump change (but I’ll bet they probably won’t be willing to show us their 1040EZ.)
Those with income above the $250K threshold will pay a slightly higher percentage of taxes on the amount over this limit. It does not impact these individuals much, it won’t discourage anyone to invest or work hard, and it will help the federal budget quite a bit. In short, it’s the best plan out there.
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