Posted by moy23 on 6/23/2014 6:03:00 PM (view original):

Posted by bad_luck on 6/23/2014 5:51:00 PM (view original):

Posted by DougOut on 6/23/2014 5:44:00 PM (view original):
Setting policy that creates jobs and expands the tax base and reduces the tax burden across the board is good for every class.

Explain "expands the tax base."

Currently the top 50% of income earners make up 98% of the nations tax revenues. i.e half the country pays for the other half.

If it was up to you we'd have closer to 1/3rd of the nation paying for the other 2/3rds ... i believe he is suggesting a system where the tax burden moves towards 2/3rd of the nation paying for the other 1/3rd. Thus a broader base of tax payers which would increase overall tax revenues.

You don't see that as a bad thing for the economy?

Posted by bad_luck on 6/23/2014 6:10:00 PM (view original):

Posted by moy23 on 6/23/2014 6:03:00 PM (view original):

Posted by bad_luck on 6/23/2014 5:51:00 PM (view original):

Posted by DougOut on 6/23/2014 5:44:00 PM (view original):
Setting policy that creates jobs and expands the tax base and reduces the tax burden across the board is good for every class.

Explain "expands the tax base."

Currently the top 50% of income earners make up 98% of the nations tax revenues. i.e half the country pays for the other half.

If it was up to you we'd have closer to 1/3rd of the nation paying for the other 2/3rds ... i believe he is suggesting a system where the tax burden moves towards 2/3rd of the nation paying for the other 1/3rd. Thus a broader base of tax payers which would increase overall tax revenues.

You don't see that as a bad thing for the economy?

no - i see that as an economy moving in the right direction. call it diversification.

under your plan - if the top 1% moved out of the country you would lose 38% of your tax revenues.

I disagree. The top 1% aren't moving out of the country. Taking more money from the middle class reduces money they have to buy houses, cars, food, clothes, entertainment, etc. things that keep the economy going. Lose that demand and we sink back into a recession.

"Everyone has to pay taxes.  That's part of the deal that comes with enjoying living in America.   Except for that group and that other group.   And those people over there.   We should just tax the rich more because they'll miss it less to cover for the people who don't have to pay taxes.   Even though that's part of the deal for living in America."

Who said that? 

Posted by MikeT23 on 6/23/2014 6:29:00 PM (view original):
"Everyone has to pay taxes.  That's part of the deal that comes with enjoying living in America.   Except for that group and that other group.   And those people over there.   We should just tax the rich more because they'll miss it less to cover for the people who don't have to pay taxes.   Even though that's part of the deal for living in America."

Who said that? 

Are you asking me?

Posted by bad_luck on 6/23/2014 5:51:00 PM (view original):

Posted by DougOut on 6/23/2014 5:44:00 PM (view original):
Setting policy that creates jobs and expands the tax base and reduces the tax burden across the board is good for every class.

Explain "expands the tax base."

I would be more than happy to.  

If a person gets a newly created job and collects monies created in the private sector, he takes little or no money from the government. (Taxpayer)

The same worker now expands the tax base two fold.  He requires less taxpayer money to support him and he contributes into the collected tax monies.  He relieves the tax burden.  This is what a growing economy does. More people working equals more tax money collected by the government (Taxpayer) and the less money required by the government (Taxpayer) to support the government (Taxpayer) .  

It's really quite simple.

Posted by DougOut on 6/23/2014 6:36:00 PM (view original):

Posted by bad_luck on 6/23/2014 5:51:00 PM (view original):

Posted by DougOut on 6/23/2014 5:44:00 PM (view original):
Setting policy that creates jobs and expands the tax base and reduces the tax burden across the board is good for every class.

Explain "expands the tax base."

I would be more than happy to.  

If a person gets a newly created job and collects monies created in the private sector, he takes little or no money from the government. (Taxpayer)

The same worker now expands the tax base two fold.  He requires less taxpayer money to support him and he contributes into the collected tax monies.  He relieves the tax burden.  This is what a growing economy does. More people working equals more tax money collected by the government (Taxpayer) and the less money required by the government (Taxpayer) to support the government (Taxpayer) .  

It's really quite simple.

Ok but how does that job get created?

Posted by DougOut on 6/23/2014 6:36:00 PM (view original):

Posted by bad_luck on 6/23/2014 5:51:00 PM (view original):

Posted by DougOut on 6/23/2014 5:44:00 PM (view original):
Setting policy that creates jobs and expands the tax base and reduces the tax burden across the board is good for every class.

Explain "expands the tax base."

I would be more than happy to.  

If a person gets a newly created job and collects monies created in the private sector, he takes little or no money from the government. (Taxpayer)

The same worker now expands the tax base two fold.  He requires less taxpayer money to support him and he contributes into the collected tax monies.  He relieves the tax burden.  This is what a growing economy does. More people working equals more tax money collected by the government (Taxpayer) and the less money required by the government (Taxpayer) to support the government (Taxpayer) .  

It's really quite simple.

Yah, I for one dont understand how creating a sales tax that replaces income tax is going to create jobs.  I would say if anything its going to be a net loser of jobs because when the bottom 1/2 of the tax payer base is suddenly paying more taxes to the government they have no choice but to spend less money on stuff.  What happens when people spend less money?  the economy suffers and some people will lose their jobs.  Can you explain Douggie how I am wrong in this analyses?

I havent been reading this topic for sometime, but maybe one of you guys can tell me if MikeT ever answered my question?  And if not MikeT, how about you do it finally?     

AHH!  I'm glad you asked.  

To create a job you need money.  Wealth.  Investment dollars.  It's a gamble.  It's the Yankee in us.

In order for your business to thrive you must have a good idea and product supported by motivated workers who are willing to commit in order to advance.

This advancement comes in all shapes and colors. Every good and free individual is allowed to carve out their piece of the pie.

Some want to break away and start their own company.  Others take their investment and gamble in another direction.  Some choose to stay put and move up the ladder as the expansion continues. All boats rise.

More people working equals less people looking for work.

And there is the rub.  

The question to me should not be how does a job get created.  Your question should be how does a job not get created.

Illegal money, foreign tourist money and retiree money will be taxed under a sales tax.    You have no idea how much revenue that might generate.

no

I don't even know what your poorly worded, I'm sure, question is.  

Posted by DougOut on 6/23/2014 6:52:00 PM (view original):
AHH!  I'm glad you asked.  

To create a job you need money.  Wealth.  Investment dollars.  It's a gamble.  It's the Yankee in us.

In order for your business to thrive you must have a good idea and product supported by motivated workers who are willing to commit in order to advance.

This advancement comes in all shapes and colors. Every good and free individual is allowed to carve out their piece of the pie.

Some want to break away and start their own company.  Others take their investment and gamble in another direction.  Some choose to stay put and move up the ladder as the expansion continues. All boats rise.

More people working equals less people looking for work.

And there is the rub.  

The question to me should not be how does a job get created.  Your question should be how does a job not get created.

Thanks for the speech. But, uh, you didn't really answer the question.

You said before: create jobs, expand the base, etc.

What drives job creation?

To create a business you (usually) need investment. In order to get that investment you have to show that there is or will be demand. Increasing taxes on the middle class reduces demand.