FlagDUDE08
Banned
Re: POTUS 45.30: "Stormy Weather...It Keeps on Rainin' all the Time..."
Maybe, like the 2003 tax cuts, they'll make it expire when they expect the democrats to be in power, only to trick the democrats into a lose-lose situation where they either alienate their base or screw over their constituency. Sometimes it's a welcome sight to see the other side in power because their stupidity can be exposed.
As for the payroll taxes, this is exactly what Cuomo's trying to do in NYS: Replacing income taxes with payroll taxes. And as usual, you're only looking at the mega corporations because you want to "stick it to the man". How about we look at the mom and pop business owners of Main Street USA. Do you have any idea what sort of margins they have? They're typically razor thin. And another cost like this they'll have to pass to the consumer because it will now cost them more to hire, and even more so because you took the 15 bait without looking at inflation being what really is causing the problem. And in a state where taxes are already so high that businesses selectively refuse to operate in this state, things are even worse.
There's a reason unemployment is at a record low, and it has nothing to do with cooking books...
Meh. Playing the marginal tax rate game is all well and good, but at the end of the day the next time the knucks' get back in power they're going to cut the top rate again. BUT - what if there's a way to raise taxes on the rich....PERMANENTLY?!?!?!
In fact there is, and its right in front of everybody's noses. Its called payroll taxes. If you want to soak the rich, screw them with higher payroll taxes in order to fund an expansion of social security and Medicare. A progressive Dem could easily run on lifting income cap on social security since its all on income below approx. 120K (too lazy to look up). This also sticks it to corporations who just got a big kiss in the mail from the GOP. Now they're going to give that back. Payroll taxes are a lot tougher to get out of paying and good luck campaigning to reduce them as Republicans found out when they tried to repeal the ACA specifically to give their wealthy donors a tax cut (the Medicaid surcharge). Not sure about SS but for Medicare/Medicaid you can charge a higher rate for higher income levels. Lets see knuckledraggers try to explain their opposition to that one.
Oh, and before some dinosaur righty tries to float out the "But It'll Cut Jobs" crap, to believe that is to believe that corporate America has millions of excess employees lying around out of the goodness of their own hearts who would be out of a job if it cost a little more to employ them. Anybody who actually has a job knows that that's BS as peak lean efficiency as its called has been the norm for like 20 years now.
Maybe, like the 2003 tax cuts, they'll make it expire when they expect the democrats to be in power, only to trick the democrats into a lose-lose situation where they either alienate their base or screw over their constituency. Sometimes it's a welcome sight to see the other side in power because their stupidity can be exposed.
As for the payroll taxes, this is exactly what Cuomo's trying to do in NYS: Replacing income taxes with payroll taxes. And as usual, you're only looking at the mega corporations because you want to "stick it to the man". How about we look at the mom and pop business owners of Main Street USA. Do you have any idea what sort of margins they have? They're typically razor thin. And another cost like this they'll have to pass to the consumer because it will now cost them more to hire, and even more so because you took the 15 bait without looking at inflation being what really is causing the problem. And in a state where taxes are already so high that businesses selectively refuse to operate in this state, things are even worse.
There's a reason unemployment is at a record low, and it has nothing to do with cooking books...
