Way to go republicans, way to go.

[GoldenRivet]

I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket

[Sailor Steve]

Originally Posted by mookiemookie

Would you, or anyone you know, turn down a nice raise or a big fat lottery winnings check just because you'd have to pay out a portion of it in taxes?

Didn't think so.

So you want to use the government to keep a group in line because you feel it's morally right? How is that different from legislating religion?

[mookiemookie]

Originally Posted by Sailor Steve

So you want to use the government to keep a group in line because you feel it's morally right? How is that different from legislating religion?

I was arguing from the standpoint that giving rich tax breaks in the name of stimulating the economy is a philosophy that's based on imagination and not any piece of actual data.

[AVGWarhawk]

Originally Posted by GoldenRivet

I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket

[Sailor Steve]

Originally Posted by mookiemookie

I was arguing from the standpoint that giving rich tax breaks in the name of stimulating the economy is a philosophy that's based on imagination and not any piece of actual data.

Possibly, and I'm not educated enough on the subject to argue effectively, but my opposition is to the idea of government regulation at all, except where absolutely necessary.

And I only have your word that it doesn't work.

[AVGWarhawk]

Originally Posted by mookiemookie

Would you, or anyone you know, turn down a nice raise or a big fat lottery winnings check just because you'd have to pay out a portion of it in taxes?

Didn't think so.

Yes sir. My wife declares 0 (zero dependents) so we do not move into a higher tax bracket. She gets taxed to the hilt every two weeks for having 0 zero deductions shown. So yes, I think so.

[August]

Well how about we tax mookie and the other folks in favor of ending these tax "cuts" at say 99%. I figure they shouldn't complain since 1% is still better than nothing and there is no solid evidence that it would hurt the economy...









Right?

[AVGWarhawk]

Originally Posted by mookiemookie

I was arguing from the standpoint that giving rich tax breaks in the name of stimulating the economy is a philosophy that's based on imagination and not any piece of actual data.

Ok, let's argue a different standpoint. Were is the evidence that it does not stimulate growth?

[mookiemookie]

Originally Posted by GoldenRivet

I know several people... Myself included, who have made business and personal financial decisions so as to avoid being bumped into the next tax bracket

Originally Posted by AVGWarhawk

Originally Posted by AVGWarhawk

Yes sir. My wife declares 0 (zero dependents) so we do not move into a higher tax bracket. She gets taxed to the hilt every two weeks for having 0 zero deductions shown. So yes, I think so.

Then you guys don't really understand how marginal income and a progressive tax system works.

[AVGWarhawk]

Let's flat tax everyone!

[mookiemookie]

Originally Posted by AVGWarhawk

Ok, let's argue a different standpoint. Were is the evidence that it does not stimulate growth?

If the two were indeed as correlated as you claim, then you'd see corresponding increases in GDP growth at the same time or soon after a decrease in the top marginal tax rate. The data does not bear this out.

[AVGWarhawk]

Originally Posted by mookiemookie

Then you guys don't really understand how marginal income and a progressive tax system works.

I'm listening professor. Tell me how tax credits work and how much tax is paid by the marginal income folks.

[mookiemookie]

Originally Posted by August

Well how about we tax mookie and the other folks in favor of ending these tax "cuts" at say 99%. I figure they shouldn't complain since 1% is still better than nothing and there is no solid evidence that it would hurt the economy...









Right?

99% of not much ain't gonna help anything either.

[mookiemookie]

Originally Posted by AVGWarhawk

I'm listening professor. Tell me how tax credits work and how much tax is paid by the marginal income folks.

Shamelessly stolen from here: http://www.fivecentnickel.com/2010/0...ost-you-money/

Consider a single individual earning $50,000. This puts him in the 25% tax bracket. That does not, however, mean that he pays 25% taxes on his full taxable income. Rather, he pays 10% on the first $8375 (bucket #1), 15% on the next $25,625 (bucket #2) and 25% on the remainder of his income (a partially filled bucket #3). In total, this works out to $8681.25 in taxes, or a “real” rate of roughly 17.4% (ignoring deductions, credits, and other adjustments).

If this individual got a big raise that pushed him into the 28% tax bracket, he wouldn’t lose anything. He’d pay 25% on the balance of bucket #3 (up to $82,400) and then 28% thereafter (until he hit the 33% bracket).

[GoldenRivet]

According to the "logic" of the left, that board game "life" should be reinvented so that one player has the option to leave his car with the little pegs at the start line while the other players play the game.

As the other players advance through the game they have to give their money the the player sitting at the start line. The more successful each player is, the more money they must give to him.