ChesusRice
Well-Known Member
Do you tax capital gains as income?
Can you name one Republican plan that taxes capital gains at all?
How many would like to see Obama's dental records?
- Thread starter mr2shim
- Start date
Can you name one Republican plan that taxes capital gains at all?
desert dude
Well-Known Member
The current plan, also known as the US tax code. It is the law of the land, and I believe that capital gains are taxed at 15%.
desert dude
Well-Known Member
So, increasing the capital gains tax to 100%, i.e. every dollar in capital gains goes to the feds, would have no effect on infrastructure investment, no effect on factory expansions, no effect on investments?
UncleBuck
Well-Known Member
if you have to make a supposition that even a mentally retarded person wouldn't make, chances are you have no good point to make.
mr2shim
Well-Known Member
Who the hell suggested that? Oh wait, no one. You just had to make up some insanely retarded example to make a little bit of sense.
desert dude
Well-Known Member
The point I am making is that, at some point, increasing taxes is going to cause economic activities to cease. Every incremental change will have an effect. You and some others here keep saying that taxation has no effect on business decisions. Such an assertion is absurd on its face.
I would think that you, Buck, as a mathematically literate person would understand that I was posing this as a boundary value problem, the upper bound being 100%.
UncleBuck
Well-Known Member
to cease? well, we are nowhere near that level and never will be. get real, sistah.
should i bust out the long line of business people saying that taxation is about the last thing on their mind when considering hiring?
the upper bound being logically ruled out by the laffer curve makes you an overreaching simpleton.
desert dude
Well-Known Member
So you don't want to have a discussion about tax rates except to say that the left gets to increase taxes and they will decide what is the "best" tax rate and all of us rubes just have to fall in line.
UncleBuck
Well-Known Member
i was just pointing out that hiring and growth is not a product of tax rate, tax rate is not what drives the economy, aggregate demand is. and you (and the other righties on this board) consistently ignore aggregate demand, pretend it doesn't exist and try to act like there is no possible way to recover unless we lower taxes or at the very least, don't dare raise them one bit.
it's kinda retarded. to leave aggregate demand out of the equation as you guys always do.
desert dude
Well-Known Member
I don't ignore demand. Do you agree that rising prices will choke off demand. If beef doubles in price will some people be priced out of beef? Taxation is one of the factors in setting the price for any product or service.
If I am an accountant and I charge $200 to do a simple tax return and the government takes 40% as their cut, then that leaves me with $120 in my pocket. If the government doubles their take to 80% then that leaves me with a new take home pay of $40. To maintain my standard of living I have to raise my price, but raising my price drives marginal customers away. Aggregate demand for my service drops. I make less money and fewer people use my service. Because I make less money, I fire my gardener and mow my own lawn. Aggregate demand for gardeners drops. The gardener now has to make due with less take home pay, so he takes his daughter out of ballet classes. The ballet teacher makes less money so... Aggregate demand drops.
UncleBuck
Well-Known Member
you indeed do ignore demand, all the time.
given your "what if tax goes up to 100%" drivel, i'm going to go ahead and drop the conversation since i am clearly conversing with a self righteous windbag.
desert dude
Well-Known Member
So, you really don't want to talk about demand. Taxes are just good, mmkay.
UncleBuck
Well-Known Member
i was the one that brought up demand you dishonest piece of shit.
you are the on that keeps bringing up taxes. see post #48.
done now. fucking race baiting piece of shit.
desert dude
Well-Known Member
Post #50 was specifically about the effect on aggregate demand of raising taxes. You complain that nobody wants to talk about demand, and then stomp away in a tantrum when I agree to talk about demand.
desert dude
Well-Known Member
Here, just for you, Bucky. A story about a company passing on their costs to customers. I wonder what these additional costs will do to demand for their product, which happens to be gasoline?
http://gma.yahoo.com/northeast-lukoil-franchisees-publicize-9-gas-protest-135547031--abc-news-topstories.html
http://gma.yahoo.com/northeast-lukoil-franchisees-publicize-9-gas-protest-135547031--abc-news-topstories.html
Red1966
Well-Known Member
Fuck the records, get the photos.
Red1966
Well-Known Member
According to the FBI, who HAVE seen his tax returns, he has paid all due taxes. "Don't let a democrat do it. He'll be crucified." Like the Secretary of Treasury Geithner? You make totally false statements based on nothing more than hatred for Republicans on a routine basis. You're the worst kind of liar. A self-righteous idiot who doesn't know what he's talking about. The arrogance of youth.
Red1966
Well-Known Member
Yes.................
Red1966
Well-Known Member
Delusions of adequacy. Typical for a 16 year old. You're the only one who thinks you're awesome.
Red1966
Well-Known Member
Yeah, you're wrong. He didn't say any of that. He said, and this is a verbatim quote, "Hell no you wouldn't have an argument, you justified it by admitting every citizen can and should pay the minimum tax allowable! I say it would be a good argument for making him the arbiter on tax policy." If you want to argue his statement, feel free, but arguing something he DIDN'T say is dishonest.