Why tax cuts don't create business growth.

No, quite right. There is a clear correlation between higher taxes and more revenue over the past 30 years.

You increase their wages, and lower their costs for things like health care and education. Since corporations are not going to voluntarily pay workers more than the market rate, you empower collective representation like unions to negotiate better wages, increase the MW, and increase/enforce OT laws.

 

Sorry no I wasn't what I told you was that you were leaving a lot out of your story.

 

do you understand depreciation tax laws?

 

Dude over the last thirty years the top tax rate has varied between 35 and 38 the difference is meaningless in real terms. And why should they pay more than market value you inflate wages beyond market value you increase costs beyond market value and everyone winds up chasing their own tails and no one gets anywhere you get fewer new startups fewer new jobs and less expansion and job growth doesn't keep up with population growth, so youth unemployment climbs.

 

That's been going on since Reagan (ya know...when the top tax rate was dropped from 70% to 35%). Got any evidence that it happened any faster under Obama?

 

your idea of reducing tax exposure is to increase your direct and indirect labor expenses or carry excess capacity? please put your forum handle on your resume.

 

All excuses to keep wages low and profits high.

Nothing but. That's the Republican way

 

not to mention property taxes and insurance premiums. you can tell these titans of business have ample experience.

 

I'mnotOliver posted
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Unlike individual citizens, whose income is taxed, businesses are taxed on their profit, which is income minus expenses.

With a higer tax rate there is greater incentive to reinvest in ones business as to do so is not taxed. The totality of the cost of my business assets has been writen off as tax deductions.

Why do you think guitar players always have so many guitars. They are tax deductable.

Cutting taxes just puts more money in my pocket with no increase in productivity.

By the way, workers are also tax deductable.

 

you must be a math teacher.

 

The best way to maximize middle class wages is to maximize economic growth. Anything else you do just spins things rapidly in circles and then everyone gets dizzy and we all fall down

 

by indoctrination, do you mean multiple degrees and 15 years of corporate management including director of finance for a large auto manufacturer? no, you mean you don't have a clue what you are talking about. I hope you're not that old.

 

Actually I do since unlike yourself I have had to pay income tax. And I know about pass through companies and capital gains and all the things you probably have only heard about but certainly don't understand.

 

you assume no business requires capital investment? this investment carries a cost of capital for the business. less tax liability reduces this cost of capital.

regulation actually reduces competitors moreso than reduced taxes. actually, it doesn't make sense that reduced tax complexity and overall rate would reduce competitors at all. in fact, it sort of degrees logic and reason to think that would happen.

 

Not sure you can really prove that since inflation adjusted middle class income hasn't grown since somewhere about in the 1970's while the economy has grown significantly over that period.

 

Try looking at the top tax rate for a much longer period of time. And if you look at the rate at which the top tiers of America have been accumulating wealth it is pretty clear that the crap hasn't bern taxed out of them. Do some research for heavens sake. Here is a start.

https://www.cbpp.org/research/pover...ics-on-historical-trends-in-income-inequality

 

I always thought is was a priority to get our industry back starting with Reagan? MORE so in the last couple of decades and most certainly in the last eight years! The point is the left need to point an honest finger and stop trying to protect a retard just because of his color and political affiliation, Mr. Obatard didn't do a thing to better this country and simply mortgaged the financial health and opportunity of future generations to gain a landmark racial achievement and a second term!

Personal I'm glad that bullshit is behind us now and we can once again elect on the basis of qualifications and not what makes politically correct drama queens feel good about "Themselves"!

 

and yet, more people can afford more things

 

https://taxfoundation.org/federal-tax-revenue-source-1934-2018/ Federal income tax receipts increased every year after 1983 under Reagan. GDP growth hit heights not seen since roaring 20's, Everyone did better under Reagan and you want to know who the real winners were? The black middle class which grew to previously unprecedented levels in numbers. It's amazing what people can do if you give them a chance and tell them they can instead of they can't.

 

Trump has no qualifications.

 

That is a silly response. We use data. Ever hear of debt? Increase in number of two parent working households. China?

 

We've had large growth and no growth at various times over the last 35 years...and wages have stagnated.

oh...

 

Newsflash...absent recessions they always grow...and Reagan's best GDP growth occurred not after he cut taxes but after he RAISED them

https://www.thebalance.com/us-gdp-by-year-3305543

And as far as the poor doing better (black or white) I was poor and in my 30s and those were some DARK friggin years

 

Dude

funny it was the best years of my life I started out making 4.50 and by the tme they end was making twelve. And let's not forget the so called Reagan tax did not impact income tax rates. What it did do was establish was a luxury boat tax, one of the worst soak the rich plans the Dems ever came up with and likely cost the government more revenue tin terms of unemployment compensation than it ever earned that even Kennedy Junior was ready to end it. Sadly that was the least of the two disasters in this bill. Ole man potter couldn't kill the savings and loan try as he might but one stupid wrongheaded idea by a bunch Demonrat congress critters killed 'em stone cold dead too the tune of half a trillion dollars in insurance payments to various members. And creditors of the savings and loan industry.

 

And concurrently the automation of almost everything gutting labor demand. Which has vastly more to do with middle class wage stagnation than tax piolicy