Why tax cuts don't create business growth.

yep, quality of life has definitely increased.

 

Simply not true. First, the range has been 28 and 39.6%. Second, the effect of these different rates have been dramatic. After Reagan and Bush cut taxes, revenues grew more slowly than the economy. After the Clinton tax increase, revenues grew much faster than the economy, and was the reason we went from a then record deficit in 1992 to a surplus budget in 2000.

Because the economy does better when the great engine of spending, the middle classes, participate in the economic growth they help create, and because it is fair.

 

Repeating the same thing without any evidence doesn't actually make it true.

 

The last thing you want is tax revenues growing faster than the economy.Because of the nature of the bureaucracy itself it will eventually strangle everything else. And the added tax revenue didn't add that much and without the dot com boom, a bubble built on little more than people's willingness to believe, it adds nothing. Further had Gingrich and the Repubs Hadn't been in charge of congress the last six years of the Clinton the deficit would have been three to four times what it is now.

 

No it wasn't.

 

Sorry I was editing the post was a miskey on my computer.

 

The tax cuts are already helping businesses. That helps the public. That helps our country. Get real. Trump will go down in history for the greatest economy in our lifetime.

 

I thought you agreed. Do you disagree that our quality of life and our productivity has increased?

 

Not sure what you all think you know about how business works, but this is how mine works. I make things, art things, and sell them. The money I receive from selling my things is called revenue. I take that revenue and purchase materials and consumables for upcoming projects. I also use the revenue to purchase, maintain, and upgrade the machines I use to make things. Facility expenses, such as electricity, water, and building maintenance also come from this revenue. All of these purchases are called expenses. At the end of the year I add up the revenue and then subtract from that amount all of the expenses. What left is called profit. It is this profit that I pay taxes on.


My company also owns an F-250. It was purchased using a loan. The entire cost of the loan, including principle, interest, and fees were expenses, as are insurance, license plates, gasoline, oil changes, tires….. All paid for using pre-tax money. The same goes for my machines and the extensive upgrades that I have done to them. Desks, chairs, cabinets, brooms, computers, phones, software, paper, pencils, business cards, and the sign out front are all expenses that come from my revenue stream pre-tax.


Thus, the entirety of my means of production has been paid for pre-tax. That is to say that I would have built up my company to the same level regardless of the tax rate.

 

In your delusions. If you paid attention to what Buffet actually said you'd know that his complaint was about the fact that he, one of the richest man in America pays a lower tax rate than his secretary.

 

Reagan's tax cuts came in 1986. The stock market crashed in 1987.

 

Raising taxes and taking money from businesses will definitely spur them to expand and hire.

Liberal logic.

 

That's old troll news, and a fat lie to boot (on Buffet's part) . I suppose he could pay his secretary 200k a year, but Buffet is certainly pushing the upper limit of 39% in spite of capital gains tax savings.
He's a hypocrite, plain and simple. His business practices and failure to pay duly owed corporate taxes prove it.

 

And yet it happened under Clinton and Obama. ................

 

Raising taxes (taking away the Bush tax cuts) created the slowest and weakest recovery in American history. The recovery would have been stronger if the government hadn't siphoned so much money out of the economy.

 

The recovery may have not even happened...........

Recessions, deficits, wars, they happen when Republicans control government.

 

First statement is inaccurate. The 80s tax reforms began with ERTA in 1981. You are correct that the stock market crashed in 1987. Tax policy, though, had nothing to do with that. I was a stockbroker at the time, with the largest brokerage firm in the country, and could educate you with respect to the causes of the 1987 crash, but it wouldn't do a bit of good.

As far as your "business" is concerned, you omitted the -only- piece of information I cared about, who are your customers? NM now it doesn't matter. That you hedge by claiming you create "art things" instead of simply stating, "I'm an artist" tells me all I need to know. Would wager in Vegas that my initial estimation, "government contractor" is correct. Have seen lots of government funds spent on "art things" adorning lots of government buildings and premises. Explains your politics and lack of understanding/awareness of the private sector well enough.

 

There you go again, trying to force your delusions.

My primary customer base are well to do people. Some of my work is in the lobbies of corporate headquarters.

 

The last tax code was Lil' Bush's tax code. La Trump's tax code is just more of the same

 

Talking about Obama's tax surcharge on the wealthy which walked substantial mney out of the country.

 

NOe Reagan's tax cuts came in '82. Tere were no real cuts in '86, just a couple of soak the rich schemes that destroyed one whole finanacial sector and came close to destroying the New England pleasure craft business.

 

Wealth disparities began under Reagan and excelerated under Bush. The accumulated wealth was leaving the country in the eighties.

The reason you are now an underemployed worker is because the wealthy you so defend found they could get Chinese workers to do your job for a lot less.

 

Soak the rich schemes in the Reagan/Bush era?

 

The highest wealth disparities we ever had were in the roaring twenties.

Wealth began leaving the country in the late eighties after Those two particularly bone headed soak the rich schemes previously mentioned. Part of the 1986 tax package was the luxury boat tax, which sent wanna be yacht owners to other countries to by yachts, and far and away the worst was the removal of the interest deductions for second homes which destroyed the Savings and loan industry which held a large chunk of such loans. These two soak the rich attempts cost the government far more money than they ever earned it.