Originally posted by Symmetric Chaos
Actually if you raise taxes high enough they'll all leave and take over a small weak country (let's say England) and then, free of regulation and taxes, found a utopian society where craps dream dust. Seeing this everyone will follow their example and bring about the end of all problems in the world.So if you think about it from position of economic conservatism insanely high taxes are a good thing.
AHA!
Did you piss your Poli Sci professors off?
Originally posted by Symmetric Chaos
Actually if you raise taxes high enough they'll all leave and take over a small weak country (let's say England) and then, free of regulation and taxes, found a utopian society where craps dream dust. Seeing this everyone will follow their example and bring about the end of all problems in the world.So if you think about it from position of economic conservatism insanely high taxes are a good thing.
Strong lack of historical knowledge.
Originally posted by KidRock
Strong lack of historical knowledge.
If it was enforced at a federal level, we would either be rid of these pests, or they would foot the bill a bit more. That's a plus, and once the economy is destroyed maybe it'll teach america a bit of a lesson about keeping business inside the country.
Re: Millionaires Go Missing: Maryland's fleeced taxpayers fight back.
Originally posted by KidRock
http://online.wsj.com/article/SB124329282377252471.htmlGreat read.
Maryland imposes a new tax on only millionaires, 1/3 of the millionaires leave and the state ends up losing 100 million dollars the next year.
Much like yourself, the article makes a lot of noise but doesn't provide evidence for the conclusions it reaches. Several times it makes it clear that it operates on the direct assumption that because taxes rose for a tiny minority that they packed up all their worldly possesions and headed fer Beverly. The article is a prime example of that media bias you spend so much of your time sqwaking about. It spends the first half of itself talking about all these logical conclusions that it reasches and then manages a couple of times to mention that it has no evidence for all those assumptions. The article starts with the words "A two minute drill in soaking the rich', then goes on to mention that their taxes went up to 6.25% and we're supposed to think what tried and true Americans they are because they're refusing to pay their fair share of taxes? See, it's that tea party mindset at work. Thousands of Americans getting together, bemoaning an election and president and a reasonable tax increase, simply because the rich are convincing them that those tax increases are keeping them down when 99.7% of people are not being effected at all. Or maybe they pay their taxes because they can't afford to pick up all their shit and move. only a total moron would fall for the argument "The Plight of the Rich". Give me a break.
Re: Re: Millionaires Go Missing: Maryland's fleeced taxpayers fight back.
Originally posted by Ace of Knaves
Much like yourself, the article makes a lot of noise but doesn't provide evidence for the conclusions it reaches.
Stopped reading there. Everything I post I back up with charts or graphs and sources. It would take a true partisan hack not to see that though, hence you will not get my attention.
So there's a national income tax rate of 35% for that income bracket ($358,000 and above) and a local tax rate of 6.25% for $1,000,000 incomes and above.
You guys get it easy over there. The UK has a 40% bracket for £37,400 (about $60,000) compared with your 28% bracket for similar amounts in the US.
We've also just introduced a 50% tax bracket for people earning £150,000 a year or more.
This is without local taxation (known over here as "council tax" which is based on the value of your home (even if you rent your home it has a value if it were to be sold and it's calculated on that value)
Re: Re: Re: Millionaires Go Missing: Maryland's fleeced taxpayers fight back.
Originally posted by KidRock
Stopped reading there. Everything I post I back up with charts or graphs and sources. It would take a true partisan hack not to see that though, hence you will not get my attention.
Re: Re: Re: Re: Millionaires Go Missing: Maryland's fleeced taxpayers fight back.
Originally posted by King Kandy
Speaking of charts and graphs, i'm still waiting for the national debt projection for Obama.
Judd Gregg says Obama's budget doubles the national debt in five years
Unless you feel the man Barack Obama nominated as his commerce secretary is just a bias and slanted Republican.
Budget Deficit:
Originally posted by King Kandy
I'm not asking about the damn BUDGET DEFICIT. You've posted that graph like five times already. I'm looking for NATIONAL DEBT figures.
To check the claim, we relied on an analysis from the Congressional Budget Office, released on March 20. The CBO, a nonpartisan arm of Congress, projects that the national debt will go from $5.8 trillion in 2008 to $11.8 trillion by the end of 2013; and to $17.3 trillion in 2019. By that count, Gregg's claim of doubling the debt in five years, tripling it in 10 years, is correct.
Completely false. US treasury reports that US debt was 10 trillion in 2008. So that's a 10% increase there. Nowhere near doubling.
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
Originally posted by King Kandy
Completely false. US treasury reports that US debt was 10 trillion in 2008. So that's a 10% increase there. Nowhere near doubling.http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
Incorrect.
Historical Debt Outstanding
Add public and government holdings together, and you get your number.
Look at the damn deficit numbers.
IF YOU'RE RUNNING A DEFICIT, YOU'RE GOING MORE AND MORE INTO DEBT.
How do you not understand this?
Originally posted by King Kandy
All I want you to do is provide the projected debt outstanding under Obama.
And I have already..with the budget deficit to back up the claims.
Unless you want to try and prove how a 1.84 Trillion dollar deficit will somehow not raise the debt?
Is that what you want to argue?