Taxation 101

LDB

Veteran Expediter
Retired Expediter
The Failure in Chief, in his usual moronic way, is espousing theories and plans that have never worked and will never work even if given a million years attempt. The man is either stupid or evil. Raising taxes is never going to solve the problem of revenue. The only solution is to drastically cut spending, say by cutting 100% from the millions of criminal aliens "hired" to vote for this schmuck and his cohorts. The only money we should be spending outside of what the Constitution authorizes is to research a cure for liberalism. That is a disease far worse than AIDS or any other disease and it, not AIDS or Ebola or anything else, will be the death of civilization as we know it.

Did Obama Doze Off in Tax Class? - Michael Barone - Townhall Conservative
 

greg334

Veteran Expediter
You know Leo, the problem isn't liberalism, it clearly is the idea that conservatives are not the same as a liberal.

See Leo, for the past 40 years, not one congress who was in control of either party has done much to lower the tax rates without closing off write offs. Even under the great pseudo conservative Ronald Reagan, the effective tax rate went down, which did spur growth but the deductions that helped a lot of lower and mid middle class people went away. A lot of people may have paid less taxes when they hit $50k but those who didn't make $50k may have paid more.

THIS also is illustrated in the fight to change the tax system.

UNDER a republican congress with a republican president, the tax code expanded something like 63%, something like 8 feet of printed changes and new regulations during the Bush administration before 2007. SO if I was to guess at the idea that Obama fell asleep in Tax 101 class, I would have to think that almost all of the republican congress and Bush also fell asleep because they didn't make those changes perminate nor did they stop adding taxes and fees.

Even now, the republicans in congress didn't even fight, they compromised and lost the battle with Obama. They were expected to stand their ground and not give one extension but they acted like their liberal counterpart in so much as trying to avoid a "government shutdown" which in effect bandaid the problem until the 2012 budget - it was to many a disgusting move and they lost credibility over it.

If I would expect anything to happen, it wouldn't be because of the great president demanding it but rather because the ineffective republican leadership in the house who is willing to compromise to keep the country going.
 

LDB

Veteran Expediter
Retired Expediter
Yes flat rate and percentage budgets, i.e. Defense gets XX% of what comes in and so forth and when what comes in is gone that's it so better be brutally frugal in spending.
 

Moot

Veteran Expediter
Owner/Operator

bobwg

Expert Expediter
That depends on what the problem of revenue is. If there is too much revenue coming into the government, then raising taxes will only exasperate the problem. If the problem is too little revenue then I would think raising taxes would solve that particular problem.

THe problem is not revenue the PROBLEM is spending too much
 

blackpup

Veteran Expediter
THe problem is not revenue the PROBLEM is spending too much

The problem is trying convince the politicians of that theory. Decreasing government revenue is not in the political classes best interest. Decreasing government revenue will cut into the politicians ability to buy votes.

jimmy
 
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