Stallion
Stud
You're being delusional. Your theory is wrong and my test proved it.
Taxes have nothing to do with growth
- Thread starter FUCK THE POLICE
- Start date
You're being delusional. Your theory is wrong and my test proved it.
G
Guns Guns Guns
Guest
Poor Stalin.
Does he even pay federal income tax?
Is Stalin concerned about leaving his 6 year old enough money to pay for his funeral?
The U.S. Congress has passed a new estate tax law — the 2010 Tax Relief Act — and, although the law is valid only through 2012, the changes are significant. If you haven’t already done so, this is the time to meet with your relationship manager and re-evaluate your wealth transfer plan, Wells Fargo specialists say. For many Americans, the new estate tax law creates an unprecedented opportunity to transfer wealth at a tax advantage.
“You might be thinking, ‘We just had our will updated.’ Or ‘We just had our trust updated,’ but because of the changes, you should talk to your advisor about the opportunities between now and December 31, 2012,” says Richard C. Watson III, Senior Director of Planning in Business Advisory Services at Wells Fargo Private Bank.
The law enacted a variety of significant changes, but here are the two major ones:
https://www.wfconversations.com/tra...west_top_tax_rate_in_decades_6_planning_tips/
Does he even pay federal income tax?
Is Stalin concerned about leaving his 6 year old enough money to pay for his funeral?
The U.S. Congress has passed a new estate tax law — the 2010 Tax Relief Act — and, although the law is valid only through 2012, the changes are significant. If you haven’t already done so, this is the time to meet with your relationship manager and re-evaluate your wealth transfer plan, Wells Fargo specialists say. For many Americans, the new estate tax law creates an unprecedented opportunity to transfer wealth at a tax advantage.
“You might be thinking, ‘We just had our will updated.’ Or ‘We just had our trust updated,’ but because of the changes, you should talk to your advisor about the opportunities between now and December 31, 2012,” says Richard C. Watson III, Senior Director of Planning in Business Advisory Services at Wells Fargo Private Bank.
The law enacted a variety of significant changes, but here are the two major ones:
- Higher exemption: It raises the exemption to $5 million per individual or $10 million per couple for estate and gift taxes, compared to $1 million before. That means you can now transfer $5 million to your heirs without paying estate taxes.
- Lowest top rate in decades: The maximum estate tax rate is currently 35 percent, the lowest top rate in 80 years, according to an IRS publication (“The Estate Tax: Ninety Years and Counting”) on the history of the tax.
https://www.wfconversations.com/tra...west_top_tax_rate_in_decades_6_planning_tips/
DamnYankee
Loyal to the end
Why do you hate the working people who build yachts?
FUCK THE POLICE
911 EVERY DAY
Yep, it's trivially wrong, if you're being pedantic and annoying. It is clear that, at rates that are practiced in the real world in OECD countries, it has nothing to do with growth. This includes places like Denmark, who have ridiculously high taxes - 60% rate starting at 70k a year, and a 25% sales tax.
Stallion
Stud
Your premise is flawed. You claim that taxes have nothing to do with growth. When presented with a tax rate to test your theory, you clam up and claim "pedantic". Your premise doesn't hold water, you can say I am narrow minded all day long, but it does not change the fact your premise is flawed.
G
Guns Guns Guns
Guest
Americans are now paying federal taxes at or near historically low levels, according to the latest available data.
That’s true whether it comes to their federal income taxes or their total federal taxes.
http://www.cbpp.org/cms/index.cfm?fa=view&id=3151
That’s true whether it comes to their federal income taxes or their total federal taxes.
- Income taxes: A family of four in the exact middle of the income spectrum will pay only 4.7 percent of its income in federal income taxes this year, according to a new analysis by the Urban Institute-Brookings Institution Tax Policy Center. This is the third-lowest percentage in the past 50 years, after 2008 and 2009.
- Overall federal taxes: Middle-income households are paying overall federal taxes — which include income as well as payroll and excise taxes — at or near their lowest levels in decades, according to the latest data from the Congressional Budget Office (CBO).
http://www.cbpp.org/cms/index.cfm?fa=view&id=3151
FUCK THE POLICE
911 EVERY DAY
It was a simplified statement for the purpose of headline, not a scientific hypothesis. It is OK to simplify the statement to a point where it is not true in all cases for stylistic purposes as long as you elaborate on your point in your argument and make the concept you are trying to present clear. Ignoring my argument and concentrating on my headline is pedantic, because it is clear that you know what I mean and are just trying to avoid my point.
That was a simplification of my argument for stylistic purposes. People do this all the time and it's a perfectly valid rhetorical tool. Like when people embed within a long argument: "Lower tax rates produce more revenue!" I could respond by saying "Oh yeah? What about 0% huh?". But that would be pedantic. My claim is that tax rates in the 20 OECD countries have had no discernible effect on economic growth from the period of 1970 to 2007, the implication being that raising taxes here will not hurt economic growth. It's a bit wordy for a title.
pe·dan·tic
[puh-dan-tik] Show IPA
–adjective
...
2.
overly concerned with minute details or formalisms
It's a good description of how you're being.
I never said you were narrow minded. "Narrow minded" would be a poor description of how you are being in this instance.
The rhetorical simplification of my argument proves too much. That's obvious. It should be obvious to you that it's not the complete description of my argument. It's purpose is to define the general gist of the argument, which is later narrowed down in the text.
G
Guns Guns Guns
Guest
Stalin is a Conservatroll with no scruples. He "quotes" with fabricated statements but cries like a whipped cur if you incompletely quote his dribblings.
He should be put down and sold to Alpo as dogmeat.
He should be put down and sold to Alpo as dogmeat.
Stallion
Stud
Your weak attempt to save your premise from demise is as flawed as the titled premise. Your puerile attempt at appearing erudite by using language more fitting for pompous ivory tower blow hards, while amusing, misses the mark. There was nothing else to go on except for your title. You did not elaborate or give any indication you believed anything other than your title. There was no simplification of your claim or premise. It was taken at face value and since you left no indication otherwise, you are held to the very argument made. Where in the OP or any other post did you narrow your argument down?
In order to avoid propounding over simplified flawed premises, in the future, you should immediately clarify or narrow statements, that on their face, necessarily mean something without a clarification. Had you simply said in the OP the range you meant, you could have avoided this tedious and verbose ivory tower proclamation.
USFREEDOM911
MAKE AMERICA GREAT AGAIN
Waterstain is kind of cute, when he tries to act all grownup and such.
It's just a shame that he's such a failure at it.
G
Guns Guns Guns
Guest
Federal income taxes on middle-income families have declined significantly in recent decades.
In 2000, the year before the 2001 tax cut that President Bush and Congress enacted, the median-income family of four paid 8.0 percent of its income in individual income taxes, according to Tax Policy Center estimates — a smaller share than in any year since 1967 (except for 1998 and 1999).
The Bush tax cuts further reduced middle-income tax obligations.
In 2000, the year before the 2001 tax cut that President Bush and Congress enacted, the median-income family of four paid 8.0 percent of its income in individual income taxes, according to Tax Policy Center estimates — a smaller share than in any year since 1967 (except for 1998 and 1999).
The Bush tax cuts further reduced middle-income tax obligations.
Federal income taxes have declined significantly in recent decades
