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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (623801)	8/10/2011 2:34:42 PM
From: steve harris	Respond to of 1577868

You left out that the US has the second highest corporate tax rates in the world. Not to mention half of Americans don't pay income taxes at all.

To: bentway who wrote (623801)	8/10/2011 3:03:48 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1577868

Bentway, > They manage the useful idiots by shrilly screaming "We're not going to let them raise YOUR taxes!", while knowing full well that only the 1% of their supporters that pay for them are the ONLY one's that would be affected. Wrong again. super-economy.blogspot.com > Over ten years, the deficit is expected by the CBO to be about $13 trillion dollars. Repealing the Bush tax cuts on the rich as President Obama proposes will raise $0.7 trillion. Repealing all Bush tax cuts would raise $3.3 trillion. Tenchusatsu

To: bentway who wrote (623801)	8/10/2011 5:02:10 PM
From: TimF	1 Recommendation Respond to of 1577868

Tax revenue as a percentage of GDP is low (compared to recent decades, not in any absolute sense) because the economy is so soft, not because of the rates or tax structure. Any solid sustained recovery would put tax revenue above the modern norm even without any tax increases. Also spending and tax revenue should be lower as a percentage of GDP. As a country gets richer it might choose to spend more, but government spending doesn't need to keep up with the growth of the economy. The economy growing, people getting richer, means less government is required not more. In real per capita terms current tax revenue is not low compared to the past, and by any measure federal spending is very high compared to the past, the problem is too much spending, not a lack of revenue.