DriveInDriveOut
Inordinately Right
So when you said a consumption tax would help the middle class, you meant it would help to tax them at a higher tax rate than rich people? Gee, how helpful.....
President Trump
- Thread starter wkmac
- Start date
SolidWoodPanel
Probably the Greatest American Alive
Reparations Tax Bill will go into effect soon. That'll stimulate the economy.
DriveInDriveOut
Inordinately Right
Reparations?
You mean repatriation?
We did that in 2004, here's the result:
"In assessing the 2004 tax holiday, the nonpartisan Congressional Research Service reports that most of the largest beneficiaries of the holiday actually cut jobs in 2005-06 – despite overall economy-wide job growth in those years – and many used the repatriated funds simply to repurchase stock or pay dividends. Today, when U.S. corporations have ready access to cash they have accumulated and are holding here in the United States, it is even harder to make the case that a repatriation holiday will unlock new investment and job creation."
Just the Facts: The Costs of a Repatriation Tax Holiday
SolidWoodPanel
Probably the Greatest American Alive
No I meant reparations. I'm tired of having to pay for failed government plans that have no legitimate chance of resolving the problem they were intended to address. Also, no more lobster dinners. There's plenty of low-cost beef & broccoli meals in that town. Politicians at the federal level should damn near work for free. It's like that they're salaries now are keeping them from taking bribes from corporate lobbyists who really run this country
You talkin' about Obama again Willis?
Catatonic
Nine Lives
I honestly have to say you were not at your sharpest yesterday!
That was Obama that did that!
They pay only on their new purchases, except they'd get a prebate to pay the tax on groceries, etc. The rich would pay more because they're purchasing more, and more expensive stuff. But it would be everyone's choice as to what they spend their money on, not have it taken away in advance.
MAKAVELI
Banned
I think that was his point. I don't think you're at your sharpest today.
Catatonic
Nine Lives
Rarely ... wazzup Mac?
Catatonic
Nine Lives
Problem is, I can't tell the difference!
DriveInDriveOut
Inordinately Right
Fake news.
Man you cuckservatives aren't too bright.
lulz.
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DriveInDriveOut
Inordinately Right
I was talking to Darius, and if you read his reply he said he doesn't think the middle class should get a prebate at all.
The poor would pay a higher percentage of their income in taxes, because they spend all the money they make just to survive. Textbook regressive tax policy.
If the prebate covered their taxes on basic necessities, then they could choose to spend any extra in the secondhand market. Used cars, thrift shop clothes, etc wouldn't be taxed.
Show me where Obama released his college records, papers, etc.
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