How would raising taxes affect you and our economy?

Originally Posted by Ringsixty

you ever got a job from a poor person..??

Los of people get jobs from poor people.

Originally Posted by abandonconflict

this nicely illustrates what I was about to bring up to beenthere.

Beenthere raises a valid point, what will happen to the extra revenue that is collected from an increased tax on the rich? why, it will only go toward more government says he. that may be the case, but beenthere fails to mention that government expands even when those expansions are not funded. Given this reality, it would be better if the money were at least collected. Furthermore, it is claimed by some that revenues collected by the government stagnate - this is not so, there may well be far more stagnation of money when it is left in the hands of the rich. But I have said that before.

Originally Posted by UncleBuck

if you want to talk about effective tax rates, we need to talk about everything that gets taken out of our paychecks.

my effective tax rate (gross, before refunds) was 25.92% the last year i worked as a desk jockey.

Originally Posted by beenthere

Bucky, let's talk about your effective tax rate, the one where your (gross, before refunds) was 25.92% the last year.

Cmon Bucky, I really want you to explain this to us! LOL

Come on Beenthere, tell us how limiting revenue to a government that can effectively borrow unlimited amounts, and when in need, mint it's own will curtail government expansion.

Originally Posted by beenthere

Cmon Bucky, I really want you to explain this to us! LOL

ok, let me explain.

out of $21,990.83 of wages, i had $5,701.69 withheld for federal, state, SS and medicare taxes.

thus making my effective tax rate on $22,000 of income about 25.92%.

happy?

Originally Posted by beenthere

Bucky, you forgot to talk about your effective tax rate, the one where your (gross, before refunds) was 25.92% the last year.

Cmon lets talk about it! LOL

Originally Posted by canndo

this nicely illustrates what I was about to bring up to beenthere.

Beenthere raises a valid point, what will happen to the extra revenue that is collected from an increased tax on the rich? why, it will only go toward more government says he. that may be the case, but beenthere fails to mention that government expands even when those expansions are not funded. Given this reality, it would be better if the money were at least collected. Furthermore, it is claimed by some that revenues collected by the government stagnate - this is not so, there may well be far more stagnation of money when it is left in the hands of the rich. But I have said that before.

"Government expands even when those expansions are not funded"

Is that a fact? So are you saying that an increase in tax revenue automatically becomes discretionary outlays and are signed as appropriation bills? Get real, if that were the case, we wouldn't have an annual budget, and need a budget committee, or congress for that matter?

With your logic, it would be impossible to ever pay down the national debt! LOL

Originally Posted by UncleBuck

ok, let me explain.

out of $21,990.83 of wages, i had $5,701.69 withheld for federal, state, SS and medicare taxes.

thus making my effective tax rate on $22,000 of income about 25.92%.

happy?

LOL Do you even know what an effective tax rate is?

Originally Posted by UncleBuck

ok, let me explain.

out of $21,990.83 of wages, i had $5,701.69 withheld for federal, state, SS and medicare taxes.

thus making my effective tax rate on $22,000 of income about 25.92%.

happy?

Was that before or after your refund?