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Offline Freeper

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Isn't raising tax rates on the wealthy more than about getting revenue from the
« on: November 13, 2012, 09:21:08 PM »
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SHRED (9,501 posts)

Isn't raising tax rates on the wealthy more than about getting revenue from them?


 
Isn't it about having higher rates as an incentive to shelter those earnings/dividends via reinvestment?
To reinvest back into their business or others to create jobs and circulate money?

It would seem to me that the goal of higher tax rates on the wealthy would not be that the government would even collect that amount but rather those facing that rate would shelter that money back into the system rather than pay that rate.

So a high tax rate on the wealthy would act as a deflection or incentive rather than low rates which encourage money to be pulled out and stashed away.

This reinvestment then would evolve to pay off exponentially in tax returns as more people are hired, business is expanded, and people get pay raises which are all shelters for the wealthy.

If I am correct in my assessment then why are we stuck in the mainstream TV and radio with no one (or hardly anyone) describing this and Republicans being allowed to debate the numbers as if the only revenue received by the government would be from the increased rates themselves rather than what those rates would inspire in the form of shelters by the wealthy?

http://www.democraticunderground.com/10021812417

You forget one thing DUmmy, why would they risk investing the money if the government is going to just take a huge bite out of any returns on that investment?

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Live and Learn (1,019 posts)
2. Yes, raising tax rates on the wealthy creates jobs. nt

 :mental:

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Offline J P Sousa

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #1 on: November 13, 2012, 09:23:51 PM »
Just when I think the DUmmies can't possibly say anything more stupid............they do.. :loser:

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Offline USA4ME

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #2 on: November 13, 2012, 09:24:30 PM »
Sure.  Tax me more and I'm going to keep putting the money back into the system that taxes me more.  Tax me less and I'm not going to use that money to try and make more money, I'm just going to hoard it.

 :mental:

Look primitives, if I ever want to know how to turn a million in real estate into $25 in cash I'll be sure to call you first.

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Offline BEG

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #3 on: November 13, 2012, 09:26:05 PM »
 :thatsright:
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Offline Dori

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #4 on: November 13, 2012, 09:45:42 PM »
 :blonde:

Hey dummy, if a robber takes your money, how much do you have to shelter or invest?

The visual of Obama as the robber is quite fitting.
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Offline thundley4

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #5 on: November 13, 2012, 10:01:15 PM »
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Isn't raising tax rates on the wealthy more than about getting revenue from them?

Yes.  It is all about punishing those that dare to do better than lazy scumbags like you DUmmies.  Raising taxes has nothing to do with the deficit or the debt, it's all about punishment.

Tax all corporations and all the rich people at 100% and it would take scores of years to pay of the debt.  However, it makes liberals feel good to punish rich people.
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Offline YupItsMe

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #6 on: November 14, 2012, 12:10:52 AM »
If I were rich and owned a corporation of say 500 employees, I think I would be just about ready to close the damn thing, give $20K to any employee that didn't vote for Obama, move all my money to Swiss accounts and ask Schade if she wanted to go to Aruba.  :naughty:
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Offline JohnnyReb

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #7 on: November 14, 2012, 04:12:16 AM »
You'll risk it all for a 100% gain without hardly thinking about it.

You'll risk it all for a 50% gain with a little bit of thought.

You'll risk it all for a 20% gain after a good bit of thought.

You might risk it all for a 10% gain after some very serious thought.

You ain't gonna risk a damn thing for 0% gain.....and that's without giving it a single thought.
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Offline Rebel

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #8 on: November 14, 2012, 07:53:08 AM »
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So a high tax rate on the wealthy would act as a deflection or incentive rather than low rates which encourage money to be pulled out and stashed away.

Some people shouldn't be allowed to breed...or vote. This is Idiocracy-type of thinking.
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Offline Karin

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #9 on: November 14, 2012, 08:21:36 AM »
Oh my God. 

And they don't know the first thing about basic tax calculation.  Let alone a business cash cycle.  Math is hard.

Speaking of stupid beyond belief, and off-topic, but I went to The Hill for a few minutes yesterday; there was a thread about the Generals and Beghazi.  Some libtard tried to tell us that the 4 deaths "didn't happen."  Pressed as to how he could possibly say that, he said "cause we don't listen to Rush, Fox and Beck."   :thatsright:   I want to punch people sometimes.   I ask, "So, they're just sitting around playing cards, happy and well?"  His reply to me was that I was a twatburger. 
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Offline FiddyBeowulf

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #10 on: November 14, 2012, 08:29:19 AM »
Quote from: Dori on November 13, 2012, 09:45:42 PM
:blonde:

Hey dummy, if a robber takes your money, how much do you have to shelter or invest?

The visual of Obama as the robber is quite fitting.
and....
 :racist:
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Offline FlaGator

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #11 on: November 14, 2012, 09:07:43 AM »
Quote from: Dori on November 13, 2012, 09:45:42 PM
:blonde:

Hey dummy, if a robber takes your money, how much do you have to shelter or invest?

The visual of Obama as the robber is quite fitting.

The point the lib is attempting to make is that the wealthy will invest the money before the robber breaks in. This is a fallacy in that instead of investing the profit that will eventually be taxed through other means, the wealthy will attempt to shelter it from taxation. This means no investment in the current economy or having it available for seizure via taxation by the government.
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Offline Undies

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #12 on: November 14, 2012, 09:32:27 AM »
If I have to sink all my profits back into the business to keep the government from stealing it, why should I bother to generate profits in the first place?  I'm not seeing a payday either way.
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Offline DumbAss Tanker

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #13 on: November 14, 2012, 09:51:54 AM »
Liquidating high-value personal property as a long-term capital asset doesn't actually do anything but shift an individual's hard asset position from one form to another while allowing them to reset their basis in a more tax-advantageous way than will be the case in two months.  Selling high-dividend stocks to avoid increased dividend tax liability also does nothing but marginally devalue the capital of the issuing corporation because their dividend-yielding stock becomes less desirable (Though in most cases that can be remedied by changes in corporate financial policy in the outyears rather than being an inherent problem build into the stock itself).

Neither of these major effects will create jobs or do anything positive for the economy.
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Offline jukin

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #14 on: November 14, 2012, 10:03:07 AM »
Like the economic super genius Obama said, "It's a matter of fairness." when asked that even though raising capital tax rates brings in less overall tax revenue.

For these hard left ideologues the results do not matter as long as they think they are punishing someone, someone rich. At it's heart this is all leftism is, greed and envy.

BTW, did anybody notice that the very first month of the last FY under Obama I was over $120 billion?  It's going to be a glorious future comrades, GLORIOUS!!!
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Offline Celtic Rose

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #15 on: November 14, 2012, 03:35:25 PM »
Very few people "hoard" money, unlike the imaginings of the DUmmies.  They may save money for future expenses, or to pay for a large ticket item, but many wealthy people actively use a good portion of their money.  If a business owner suddenly has a large surplus, he will likely look at him business and determine how to best reinvest it. 
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Offline Zeus

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #16 on: November 14, 2012, 05:39:01 PM »
[youtube=425,350]http://www.youtube.com/watch?feature=player_detailpage&v=-zP2M9_KzwQ[/youtube]

[youtube=425,350]http://www.youtube.com/watch?v=y47jW2vfHWU&feature=related[/youtube]
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Offline DumbAss Tanker

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #17 on: November 14, 2012, 07:00:08 PM »
Quote from: Celtic Rose on November 14, 2012, 03:35:25 PM
Very few people "hoard" money, unlike the imaginings of the DUmmies.  They may save money for future expenses, or to pay for a large ticket item, but many wealthy people actively use a good portion of their money.  If a business owner suddenly has a large surplus, he will likely look at him business and determine how to best reinvest it. 

You have to remember that their idea of 'Rich' means Scrooge McDuck and his Money Bin.
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Offline J P Sousa

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Re: Isn't raising tax rates on the wealthy more than about getting revenue from the
« Reply #18 on: November 14, 2012, 08:56:48 PM »
Quote from: DumbAss Tanker on November 14, 2012, 07:00:08 PM
You have to remember that their idea of 'Rich' means Scrooge McDuck and his Money Bin.

 :lmao:  yeah, they think cartoons and fairy tales are facts.  :lmao:
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