But for businesses to expand, build new factories, etc. they need capital. For that they have to go to the marketplace either thru commercial paper, IPO's or other financial instruments. Increasing taxes on those who supply that capital means less capital to go around.
Taxing businesses is a false argument. Businesses don't pay for anything. Their customers do. Also, there are a lot of dollars overseas because the cost (tax) to repatriate those dollars is very high. So, the companies keep the money over there. Yes, the rich put the money away. In investments, bonds, stock market, etc. Paul Chinnery Network Administrator Memorial Medical Center 231-845-2319 -----Original Message----- From: Ralph Smith [mailto:[EMAIL PROTECTED] Sent: Friday, October 31, 2008 11:23 AM To: NT System Admin Issues Subject: RE: So... how is the recession affecting your buying decisions? I would think lowing taxes to increase government revenue would only work if the money is funneled back into the US economy in a productive way. So if the money from tax cuts is distributed to big corporations who use it to invest in offshore projects, and the benefits of that investment stay mostly in that country, that doesn't really help us. If you cut taxes on the very upper tier of the income brackets, and they just put that money away to increase their personal capital or sock it away in other countries so as to avoid paying taxes on the income it generates, that doesn't help us either. Now if you cut taxes for lower and middle class Americans, and small businesses, they will spend that extra money. Then it is productive and increases demand, which produces jobs, and increases government revenue. Anyway that's how I see it. Trickle down economics doesn't work. If you believe the people who say it does, take a careful look at which end of the income spectrum they are on - maybe they have a reason for wanting you to believe it. > -----Original Message----- > From: Tim Vander Kooi [mailto:[EMAIL PROTECTED] > Sent: Friday, October 31, 2008 10:41 AM > To: NT System Admin Issues > Subject: RE: So... how is the recession affecting your buying decisions? > > Except for the fact, that lowering taxes is how you increase revenue to > the government. Raising taxes lowers revenue. The problems that Bush has > caused are not due to tax cuts, but rather the fact that he grew the > federal government faster and bigger than most liberals would have (even > honest conservatives will tell you he stunk that one up). > TVK > > -----Original Message----- > From: Micheal Espinola Jr [mailto:[EMAIL PROTECTED] > Sent: Friday, October 31, 2008 5:23 AM > To: NT System Admin Issues > Subject: Re: So... how is the recession affecting your buying decisions? > > We are a broke nation. We need a tax increase - like it or not. Maybe > they can be lowered again if/when we have another surplus. But right > now there are nations (primarily China) who have the potential to > financially dismantle us. They promise not to, but they could. > > Talking actual "cuts" in taxes is ludicrous. > > -- > ME2 > > > > On Thu, Oct 30, 2008 at 10:08 PM, Benjamin Zachary - Lists > <[EMAIL PROTECTED]> wrote: > > Wait was the tax increase at 250,000 , 200,000 or 150,000 ?? it keeps > > changing. > > > > > > > > What they ARENT mentioning is EVERYONES taxes will go up because they > aren't > > renewing the Bush Tax Cut in 2010. > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ > <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ > <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ Confidentiality Notice: ---------------------------------- This communication, including any attachments, may contain confidential information and is intended only for the individual or entity to whom it is addressed. Any review, dissemination, or copying of this communication by anyone other than the intended recipient is strictly prohibited. If you are not the intended recipient, please contact the sender by reply email, delete and destroy all copies of the original message. ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
