Reply #299: Are you serious?? [View All]

[zeos3]

"How'd it work? Did it keep jobs in the USA? Did it keep numerous US companies from going out of business because they were unable to compete with foreign industry? Did it somehow raise the standard of living of the middle class?"

Yes, yes, and yes. By almost any measurable standard. Kennedy later dropped the rate to 70% but tightened the loopholes. The real problems started with Reagan about 30 years ago when he dropped the rate to 28% and increased payroll taxes for the rest of us. You don't see any negative effects with dropping tax rates to zero but the evidence is clear. What was it that you said about doing the same thing over and over??

50 years ago, corporate taxes were about 33% of total tax revenue now they are about 9%. You don't see a problem with that?? Who do you think made up this difference?? You want to lower your taxes? Have the corporations pay their fair share.



"...you just want anyone who has made a certain amount of money to not be able to make any more money at all. Either you take it all above a certain amount, or you take so much that further effort to make more isn't worth that effort, so a reasonable guy doesn't even try..."\

By that reasoning, a single person wouldn't want to make more than $8,350 so they don't move from the 10% to the 15% bracket. If you think I'm full of shit for saying this then you realize dollar amounts make a difference. By this I mean, you'll get no pity from me for someone making millions and is complaining about high taxes.



"I wouldn't have thought that there was ANYWHERE I could go to get the sort of twisted logic that declares that giving someone money on a regular basis is somehow bad, yet here it is."

You didn't have to go any further than rush. All he talks about is how giving people money on a regular basis is bad. Perhaps you should read my comment on that again.


"Yep, for the rich, it means that they effectively pay the top tax rate, which is 23% of everything they buy."

You mean the 30% which you constantly call 23% (which will definitely be more than 30% anyway)?? You should have said they pay that rate on the money they SPEND which is a LOT less than what they make. One survey showed that the higher income levels save as much as 50% of their incomes.
http://www.eric.ed.gov/ERICWebPortal/custom/portlets/re...

BTW, the 400 richest people in America are worth 1.57 TRILLION dollars. Why should those poor souls have to pay estate, gift, capital gains taxes???
http://www.usatoday.com/money/2008-09-17-forbes-richest...