Increase tax rates, reduce your revenue

off2bed · Feb 22, 2012

Idiot liberals never learn.

http://www.telegraph.co.uk/finance/...9/50p-tax-rate-failing-to-boost-revenues.html

“My guess is that because the 50 per cent rate was flagged up in advance many taxpayers, particularly those with their own businesses, decided to extract dividends ahead of the change. It highlights the fact that high tax rates don’t always deliver high tax revenues.”

http://www.mostlyuseless.info/image/2008.jpeg

4est_4est_Gump · Feb 22, 2012

I already used that in the doom and gloom thread...

off2bed · Feb 22, 2012

4est_4est_Gump said:
I already used that in the doom and gloom thread...

BB will probably use it in his continuing series of Britain RIP.

4est_4est_Gump · Feb 22, 2012

MCXVII

JAMESBJOHNSON · Feb 22, 2012

High tax rates are a swindle becuz rich people pay no taxes. High tax rates are for peasants who win the lottery, sell a book, or sign with the NFL after years of starving. Uncle Sambo swoops in and grabs the choice cutz, leaving the sphincters, ears, chitterlings, and feet for the peasant.

4est_4est_Gump · Feb 22, 2012

*chuckle*

miles · Feb 22, 2012

It's not unlike gun control: a simple solution for simple minds.

off2bed · Feb 22, 2012

miles said:
It's not unlike gun control: a simple solution for simple minds.

Also a shallow solution for shallow minds. Never mind the consequences, everything works perfectly in the world of unicorns and rainbows.

4est_4est_Gump · Feb 22, 2012

miles said:
It's not unlike gun control: a simple solution for simple minds.

Why do you hate math!

The CBO ran the numbers...

miles · Feb 22, 2012

off2bed said:
Also a shallow solution for shallow minds. .

Democrat voters are easy marks. They drool all over themselves when The Fraud spews his punish the rich rhetoric.

miles · Feb 22, 2012

4est_4est_Gump said:
Why do you hate math!

The CBO ran the numbers...

Wasn't the CBO considered credible before...ummm....

RobDownSouth · Feb 22, 2012

miles said:
Democrat voters are easy marks. They drool all over themselves when The Fraud spews his punish the rich rhetoric.

Good ole Miles Ben Zonah, always tellin' Democrats and Libruls what they "really" think....and posting personal information about posters when they disagree with him.

4est_4est_Gump · Feb 22, 2012

miles said:
Wasn't the CBO considered credible before...ummm....

Until they said, whoops! our numbers did not account for human action...

Even Obama's economic architects say health care premiums are going to skyrocket at night,
Obama's noon delight!

But not to worry, the Obamas will always have Vail!

I always tell Malia and Sasha, look, you guys, I don't worry about you. I mean, I worry the way parents worry, but they’re on a path that is going to be successful, even if the country as a whole is not successful.”
President Barack Obama, November 2011

RobDownSouth · Feb 22, 2012

4est_4est_Gump said:
But not to worry, the Obamas will always have Vail!

I always tell Malia and Sasha, look, you guys, I don't worry about you. I mean, I worry the way parents worry, but they’re on a path that is going to be successful, even if the country as a whole is not successful.”
President Barack Obama, November 2011

President Obama is proud of his children.
I bet you wish you could be proud of your children.

miles · Feb 22, 2012

4est_4est_Gump said:
Until they said, whoops! our numbers did not account for human action...

Even Obama's economic architects say health care premiums are going to skyrocket at night,
Obama's noon delight!

But not to worry, the Obamas will always have Vail!

I always tell Malia and Sasha, look, you guys, I don't worry about you. I mean, I worry the way parents worry, but they’re on a path that is going to be successful, even if the country as a whole is not successful.”
President Barack Obama, November 2011

He better hope they're more successful than him.

Wrong Element · Feb 22, 2012

off2bed said:
Idiot liberals never learn.

http://www.telegraph.co.uk/finance/...9/50p-tax-rate-failing-to-boost-revenues.html

“My guess is that because the 50 per cent rate was flagged up in advance many taxpayers, particularly those with their own businesses, decided to extract dividends ahead of the change. It highlights the fact that high tax rates don’t always deliver high tax revenues.”

http://www.mostlyuseless.info/image/2008.jpeg

Serves the Brits right for voting Labour!

Oh, wait...

mercury14 · Feb 22, 2012

off2bed said:
Idiot liberals never learn.

http://www.telegraph.co.uk/finance/...9/50p-tax-rate-failing-to-boost-revenues.html

That's GB's conservative party, dumbass.

RobDownSouth · Feb 22, 2012

miles said:
He better hope they're more successful than him.

They're already more successful than you....

KingOrfeo · Feb 22, 2012

off2bed said:
. . . decided to extract dividends ahead of the change.

Well, there you are. Dividends and all "capital gains" should simply be taxed as income.

Liar · Feb 22, 2012

off2bed said:
“My guess is that because the 50 per cent rate was flagged up in advance many taxpayers, particularly those with their own businesses, decided to extract dividends ahead of the change. It highlights the fact that high tax rates don’t always deliver high tax revenues.”

High tax rates with mammoth sized loopholes certainly don't.

1sickbastard · Feb 22, 2012

KingOrfeo said:
Well, there you are. Dividends and all "capital gains" should simply be taxed as income.

According to one of the first cases to go before the Supreme Court concerning the Income Tax, one's labor is considered personal property and exchanging it for wages is not considered 'income'. According to that opinion (A 1926 case, I wish I could find it and post the Majority Opnion), only monies recieved as a result of investing was to be considered to be 'income'.

I say do away with the Income Tax and replace it with an assets tax, exempting the first $1million or so in aggregated personal and business property. Start the lowest taxable bracket at 1% then scale it up to a maximum of 10% (at $1billion). Tax monies sent offshore at a much higher rate to keep the wealth in country.

off2bed · Feb 22, 2012

1sickbastard said:
According to one of the first cases to go before the Supreme Court concerning the Income Tax, one's labor is considered personal property and exchanging it for wages is not considered 'income'. According to that opinion (A 1926 case, I wish I could find it and post the Majority Opnion), only monies recieved as a result of investing was to be considered to be 'income'.

I say do away with the Income Tax and replace it with an assets tax, exempting the first $1million or so in aggregated personal and business property. Start the lowest taxable bracket at 1% then scale it up to a maximum of 10% (at $1billion). Tax monies sent offshore at a much higher rate to keep the wealth in country.

You idiot, then no one will have assets or offshore money, and the government will have no revenues.

Like I said, you liberals never learn.

unregistered · Feb 22, 2012

garbage can · Feb 22, 2012

KingOrfeo said:
Well, there you are. Dividends and all "capital gains" should simply be taxed as income.

Doesn't that fuck up the little old lady who is recieving dividends as a means of living?

Wouldn't it be nice if you spent your taxed income on General Mills, and recieved a nice tax free dividend each month.

unregistered · Feb 22, 2012

Increase tax rates, reduce your revenue

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