Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (108087)	6/11/2001 4:56:12 PM
From: flatsville	Read Replies (1) of 436258

>>It's obvious you don't recognize how other tax treatments likely affect business activity to an even greater degree than individual rates tax rates for the rich...<< >Individuals pay the majority of taxes in this country but don't take my word for it, look it up.< >http://www.economagic.com/irs.htm Grace, I'm well aware that individuals pay the majority of taxes in this country. I looked at that time series earlier today. (Unfortunately it only went back to Q04 86 so I couldn't use it to stress a different point I made earlier.) So now you're saying that a rate reduction for the rich must result in increased economic activity since individual (v. corporations) pay the majority of taxes? Sounds like conventional wisdom. IMO it's only conventional thinking. The rich individuals can engage in a variety of investments with their tax savings (assuming they choose to invest rather than consume...a widely accepted conventional assumption.) Only some of the investments may directly promote economic activity. Not all investment does. Not all wealthy people are active business owners. For example, purchases of existing real estate may or may not produce direct economic activity. Or think about the rich man who bought gold for the long haul post TRA '86...not only no direct economic activity, chances are no gain as well.<ggg> Simply because corporations pay less taxes on the whole in terms of gross receipts than individuals doesn't mean the money saved by corporate businesses is less significant in producing economic activity or for that matter the main driver. There's a greater likelihood the tax savings goes directly into producing economic activity. A favorable change in the tax treatment of certain business items such as depreciation and expenses almost assuredly does as it is immediate and frees up dollars for expansion. Garden variety business and R&D tax credits only have an affect if companies are willing to take the risk up front. As far as your personal business situation as it is affected by your peculiar local tax situation...well, it has no bearing on the larger discussion above...though it sounds like you should move.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next