Why tax hikes don’t work
Taxes for those over $250,000 will not work and we are finding it does not work. The “Rich” (and I don’t believe making $250,000 makes you rich) will not invest in the United States if they are taxed into oblivion.
Most small businesses make around $250,000, and most people are hired by small business. If you’re a no protein eating, PETA person, or been in a public school or college, it might be hard to put it together. Tax the small business, and people lose jobs.
Some may call the ways to keep money in the tax code “loopholes”, but these were originally in the code just for the purpose of keeping more money. Incentives are made in the code for the behavior the government wants in a business.
When you remove the “loopholes”, other ways are found. The big guys that make way over $250,000 have the money to hide their money. This money is now not in use (hiring, buying equipment, paying employees, etc.) or out of the country (not in use in the U.S.). The IRS is trying to fix that, but money can do a lot of things.
Now the government has to find money elsewhere… that means taxing the middle class.
- Not that it matters, because Obama’s promise to not tax those making under $250,000 and 95% of Americans not seeing a tax increase will not be kept. We already have or coming soon will be:
- Cigarettes tax
- Sugar tax
- Healthcare
- Cap and Trade (businesses don’t pay this, you the consumer pays)
- And now a value added tax (everything is taxed from it’s conception to final product and every stop in between)
Go ahead, you pea brained Commie Libs. Laugh it up. Your man is in. Don’t be crying when you don’t have the money to buy Vaseline for your sore butt hole.
On May 30th, 2009, Me Again said:
On May 30th, 2009, foxwood said:
On May 30th, 2009, SamHenry said:
On May 31st, 2009, Morb said:
On May 31st, 2009, Taini said:
