Taxes suck.

[moevillini]

I did a back of the envelope calculation yesterday and figured my annual taxes well in excess of 30 grand. That seems like utter ****e...

ONLY $30,000??? Wow. Do you own property?
That seems pretty low if it includes state & federal income taxes plus real estate taxes!

...Lower them and prices will adjust and we will be right back at square one...

Isn't that sort of what Reagan and David Stockman tried? Cut the federal tax rates and wait for the rising tide to lift all boats?

It lifted 'em all right, if by "boat" you mean overall tax burden!!! No overall benefit whatsoever for average folk. Probably not even for the 1% when all is said and done.

Maybe for the top .01% though!!!

 

[franklin]

ONLY $30,000??? Wow. Do you own property?
That seems pretty low if it includes state & federal income taxes plus real estate taxes!

Not yet, but soon. I'm a standarder for now. My goal is to retire at 51 and purchase an rv slash cabin rental park and become Moe like you

 

[franklin]

Isn't that sort of what Reagan and David Stockman tried? Cut the federal tax rates and wait for the rising tide to lift all boats?

It lifted 'em all right, if by "boat" you mean overall tax burden!!! No overall benefit whatsoever for average folk. Probably not even for the 1% when all is said and done.

Maybe for the top .01% though!!!

Boats drift with the tide. Our job is to control the tide, not to try puncturing its lungs with arrows.

 

[jimmy eat jazz]

Something is wrong when your monthly tax cost is your highest monthly bill. So stupid.

Does the government not realize the stimulation to economy if that money could be spent or invested?

I'm pretty certain that the Republican Party understands this well, given that its policy prescription for every economic ill is more tax cuts.

But the relationship between tax rates and economic growth is not linear or clear cut. Eg., tax rates were higher in the 90s, but so were economic growth rates. Clearly other things matter too. That and at some level, the government needs revenues to pay for government services, including the hundreds of billions of dollars we spend on the military and other programs, like roads, healthcare, etc.

 

[jimmy eat jazz]

ONLY $30,000??? Wow. Do you own property?
That seems pretty low if it includes state & federal income taxes plus real estate taxes!





Isn't that sort of what Reagan and David Stockman tried? Cut the federal tax rates and wait for the rising tide to lift all boats?

It lifted 'em all right, if by "boat" you mean overall tax burden!!! No overall benefit whatsoever for average folk. Probably not even for the 1% when all is said and done.

Maybe for the top .01% though!!!

Stockman now pretty well disowns trickle down economics he helped to champion under Reagan.

Even back in the day, he said that Reagan's tax policy was a 'Trojan horse' to lower marginal tax rates--eg., rates on the rich benefactors/donors.

 

[jimmy eat jazz]

That is because it pays for roads, schools, infrastructure, the military, health care subsidies, help for the destitute and homeless, agriculture, scientific research...

Taxes are a good thing and I am glad to pay them. I may have a problem with some of the things they spend them, I think they are very wasteful, but I am ok with the amount of taxes I pay.

Since you like taxes so much, how about contributing to a Jazzfanz participation tax? Just PM me your address and I'll send you the the bill.

 

[Jazz Spazz]

Since you like taxes so much, how about contributing to a Jazzfanz participation tax? Just PM me your address and I'll send you the the bill.

I feel taxed just reading your posts. Is that not enough?

 

[jimmy eat jazz]

I feel taxed just reading your posts. Is that not enough?

Well, that is then a purely voluntary tax you're paying. How smart is that?

 

[♪alt13]

And I would love it if the government got out of agriculture. What they're doing is just boosting up the guys who would otherwise go broke. I'd rather they go broke and I buy their land. Farmers are doing well, but I wouldn't say the sole reason is government. Corn prices are rather poor right now if you hadn't noticed, and wheat follows corn. Beef is quite high, but the cattle industry doesn't work with the government much.

There is a massive imbalance on this planet of wealth. Much of the people that eat American staples could not afford it without government. Ending that would kill demand. Farmers then try to produce more to make up for lost income and the imbalance grows. Eventually prices will stabilize at a level that is low enough to completely discourage investment. If you want the government out of agriculture you better think of a different system to distribute wealth than we currently use. The rich can only eat so much. Without the government you would be a subsistence farmer and many of the rest of us would go hungry.