Do tax cuts create jobs?

  • Thread starter Thread starter Guns Guns Guns
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Tax cuts could create demand, which would create jobs.

But, you'd have to put the tax savings into the hands of those who truly create demand....the middle class.

If you slashed payroll taxes on those who make 100k/or less, you'd see a major kickstart to the economy.

Those who now pay between 25%/28% on income, would have about $1000/month to spend if you cut their tax rate by 10%.


Cutting marginal rates for multi millionaires does nothing but free up money for them to play predatory games in the Wall St. casino.
 
Althea said:
Tax cuts could create demand, which would create jobs.

But, you'd have to put the tax savings into the hands of those who truly create demand....the middle class.

If you slashed payroll taxes on those who make 100k/or less, you'd see a major kickstart to the economy.

Those who now pay between 25%/28% on income, would have about $1000/month to spend if you cut their tax rate by 10%.

Cutting marginal rates for multi millionaires does nothing but free up money for them to play predatory games in the Wall St. casino.
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Romney made $42.7 million in 2010 and 2011, according to the returns.

Of that, $12.9 million was carried interest.

Over the two years, Romney's effective tax rate -- the percentage of his income that he owed in federal income taxes -- was 14.5%.

Ordinary income, which salaried workers receive in the form of a paycheck, is taxed at a top rate of 35%.


http://money.cnn.com/2012/06/18/news/economy/romney-carried-interest/
 
\\()// said:
Romney made $42.7 million in 2010 and 2011, according to the returns.

Of that, $12.9 million was carried interest.

Over the two years, Romney's effective tax rate -- the percentage of his income that he owed in federal income taxes -- was 14.5%.

Ordinary income, which salaried workers receive in the form of a paycheck, is taxed at a top rate of 35%.


http://money.cnn.com/2012/06/18/news/economy/romney-carried-interest/
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yes.

Those who go to work for an employer, pay the highest tax rates. Moreso if they rent, as opposed to own a home.

These are the people who would create the aforementioned demand, if you let them pay the same rates are the Romneys of the world.
 
So Romney and his fellow Wall Streeters aren't "job creators" who deserve to pay much less than the rest of us?
 
\\()// said:
So Romney and his fellow Wall Streeters aren't "job creators" who deserve to pay much less than the rest of us?
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That theory is antiquated. When Wall St. was a place for investors to put capital into upstart business ventures, the 'job creation' mantra was valid.

Now, the majority of what goes on within the confines of the market, is predatory. There's no time for slow and steady earnings. It must be immediate, and it must be non taxable.
 
Althea said:
That theory is antiquated. When Wall St. was a place for investors to put capital into upstart business ventures, the 'job creation' mantra was valid. Now, the majority of what goes on within the confines of the market, is predatory. There's no time for slow and steady earnings. It must be immediate, and it must be non taxable.
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Isn't taxing the rich at the same rate as the workers "punishing success"?
 
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