Obama - good for Americans

[Danzig]

http://www.usnews.com/blogs/capital-...ate-taxes.html

interesting stuff...

It's bipartisan. Among people who have called either for a reduction in or elimination of corporate taxes are John McCain, Charlie Rangel, Jimmy Carter, Ronald Reagan, Milton Friedman, Lester Thurow.


Some 70 percent of the corporate tax burden is borne by workers in the form of lower wages and fewer high-paying jobs

An EU study of 50,000 companies found that a 1 percent increase in marginal corporate income tax rates leads to a 0.92 percent decrease in real wages.



It's a hidden tax: Even workers get hit by it, but they don't know it because they don't directly pay the tax.

For every dollar the government collects in revenue, the corporate tax may actually cost the government $1 in revenue through slower economic growth

[Cannon Shell]

Originally Posted by Danzig

http://www.usnews.com/blogs/capital-...ate-taxes.html

interesting stuff...

It's bipartisan. Among people who have called either for a reduction in or elimination of corporate taxes are John McCain, Charlie Rangel, Jimmy Carter, Ronald Reagan, Milton Friedman, Lester Thurow.


Some 70 percent of the corporate tax burden is borne by workers in the form of lower wages and fewer high-paying jobs

An EU study of 50,000 companies found that a 1 percent increase in marginal corporate income tax rates leads to a 0.92 percent decrease in real wages.



It's a hidden tax: Even workers get hit by it, but they don't know it because they don't directly pay the tax.

For every dollar the government collects in revenue, the corporate tax may actually cost the government $1 in revenue through slower economic growth

But some (Dala) will argue that these greedy corporations deserve to pay more because they havent passed enough down to the workers. That type of logic baffles me. Like it or not most companies dont exist to provide for workers, they are created and run to make money for the owners and or shareholders. The residual effect of creating jobs is just that. Higher taxes never helps an economy.

[Danzig]

i just want to know what i've got 'wrong' on all this. apparently it's because i own guns and (gasp) hunt. oh, i fish too. thought i'd throw that little tidbit of evil in there as well.

and in one of the above, it said japan (currently the highest corporate taxes in the world) may lower their rate, which would make the u.s. #1 in taxes in that respect.

[Cannon Shell]

Originally Posted by Danzig

i just want to know what i've got 'wrong' on all this. apparently it's because i own guns and (gasp) hunt. oh, i fish too. thought i'd throw that little tidbit of evil in there as well.

and in one of the above, it said japan (currently the highest corporate taxes in the world) may lower their rate, which would make the u.s. #1 in taxes in that respect.

Yeah and people complain when companies send jobs and divisions overseas...

I suppose my biggest issue is that saying something to get elected and actually believing what you are saying are two different things. This tax plan that Obamas has floated has interestingly gone unchallenged by just about everyone save the "right wing publications" like the the Wall Street Journal. Not that McCains is very good either.

[geeker2]

What scares me is they now throw around $50, $100, $200 Billion like they were betting $2 exacta's...right after "try lower limit" "try lower limit" "try lower limit"

[hi_im_god]

Originally Posted by geeker2

What scares me is they now throw around $50, $100, $200 Billion like they were betting $2 exacta's...right after "try lower limit" "try lower limit" "try lower limit"

trillion is the new billion.

get with it.

[geeker2]

Originally Posted by hi_im_god

trillion is the new billion.

get with it.

Yeah after that $700 Billion everything looks like pocket change.

[Danzig]

Originally Posted by hi_im_god

trillion is the new billion.

get with it.

i remember when billion was a big number. it's crazy.

[Danzig]

Originally Posted by Cannon Shell

Yeah and people complain when companies send jobs and divisions overseas...

I suppose my biggest issue is that saying something to get elected and actually believing what you are saying are two different things. This tax plan that Obamas has floated has interestingly gone unchallenged by just about everyone save the "right wing publications" like the the Wall Street Journal. Not that McCains is very good either.

i don't like either plan. i don't like that the deficit will continue to grow, spending will increase...we can't afford what we're already doing, so we're going to add to the problem? how does that make sense?! it doesn't. we get lower taxes, while our employers see theirs go up-so they leave, and then we work where exactly? and then we all go on the dole, which makes the problem larger, the divide between rich and poor wider-because jobs leave, more people unemployed, but the rich will stay rich...but i'm the republican?!

[Rileyoriley]

Originally Posted by Danzig

i just want to know what i've got 'wrong' on all this. apparently it's because i own guns and (gasp) hunt. oh, i fish too. thought i'd throw that little tidbit of evil in there as well.

and in one of the above, it said japan (currently the highest corporate taxes in the world) may lower their rate, which would make the u.s. #1 in taxes in that respect.

I've notified PETA on behalf of the deer and fish. They should be picketing you shortly you Bambi killer.

[Danzig]

Originally Posted by Rileyoriley

I've notified PETA on behalf of the deer and fish. They should be picketing you shortly you Bambi killer.

well, if they come on my lawn, i'll shoot them. it's the irresponsible gun toting thing to do.

[Rileyoriley]

Originally Posted by Danzig

well, if they come on my lawn, i'll shoot them. it's the irresponsible gun toting thing to do.

I like your answer. Continue on........

[Danzig]

Originally Posted by Rileyoriley

I like your answer. Continue on........

and, much like annie oakley, i don't miss.

[dalakhani]

Originally Posted by Cannon Shell

But some (Dala) will argue that these greedy corporations deserve to pay more because they havent passed enough down to the workers. That type of logic baffles me. Like it or not most companies dont exist to provide for workers, they are created and run to make money for the owners and or shareholders. The residual effect of creating jobs is just that. Higher taxes never helps an economy.

dont even try it! I am out...O-U-T of political discussions.

Sports..sports..sports.

Scuds, before i go, I will leave you with a little ammo. economy did fine under clinton with tax hikes

[Danzig]

Originally Posted by dalakhani

dont even try it! I am out...O-U-T of political discussions. Sports..sports..sports.

Scuds, before i go, I will leave you with a little ammo. economy did fine under clinton with tax hikes

nothing like making a liar of yourself.

from the cato institute, in which it states that reagan lowered the corporate tax rate from 46 to 34 %. it was 35% under clinton.


http://www.cato.org/pubs/tbb/tbb_0707_48.pdf

[dalakhani]

Originally Posted by Danzig

nothing like making a liar of yourself.

from the cato institute, in which it states that reagan lowered the corporate tax rate from 46 to 34 %. it was 35% under clinton.


http://www.cato.org/pubs/tbb/tbb_0707_48.pdf

And? The economy didnt do well under clinton?

[Danzig]

Originally Posted by dalakhani

And? The economy didnt do well under clinton?

did you read it? and i made the comment due to the fact that clinton and reagan both had essentially the same % rate on corporate taxes. if clinton 'raised' it, he sure raised it a lot.

i uh, thought you weren't engaging?

[dalakhani]

Originally Posted by Danzig

did you read it? and i made the comment due to the fact that clinton and reagan both had essentially the same % rate on corporate taxes. if clinton 'raised' it, he sure raised it a lot.

i uh, thought you weren't engaging?

I noticed an untruth so i responded. Corporate tax rates were raised during clinton. Economy soared and deficit went down.

But hey, I guess we can take an article from cato as unbiased.

Carry on. Sorry for intruding with facts.

Back to sports.

Originally Posted by dalakhani

dont even try it! I am out...O-U-T of political discussions.

Sports..sports..sports.

Scuds, before i go, I will leave you with a little ammo. economy did fine under clinton with tax hikes

[dalakhani]

Originally Posted by Coach Pants

Coach does this mean you arent mad at me anymore? I promise i will not post a pick to your pick thread ever again. I defer to you as the greatest football handicapper i have ever seen.