I have one more question about Taxes and Jobs if everyone is ok with me asking this thank you ?

I was talking to a Democrat the other day and he said that higher taxes on our Job Creators can create Jobs because higher taxes give the Rich/Wealthy an Incentive to keep their money inside their Businesses therefor they will invest to avoid higher personal Income Taxes on their personal Income can anyone disproove his claim please only Republicans and Right Wingers answer if you are a Democrat/Liberal/Progressive don't answer this question thank you ?

do high taxes create a stronger economy?

I used to run a small business -- a commercial film production company.

Every time we took a dollar out as personal income, it instantly turned into 50 cents.

If we didn't really need the money, that was an incentive to keep it in the company and to find ways to spend it that took it out of the taxable profit column but increased the value of the company.

High taxes create an incentive to reinvest profits into long-term growth.

With high taxes, the only way to retain the bulk of the wealth created by a business is by reinvesting it in the business -- in plants, equipment, staff, research and development, new products and all the rest.

www.alternet.org...

A simple answer is No.

The wealthy and their businesses are incorporated and funnel their expenses and purchases through their corporations.

They are themselves trustees of that corporation and thus whenever they need to make a major purchase, such as a home, an automobile or a boat it is used as a business expense and belongs to the corporation.

A local Financial corporation always purchases season tickets (box seats) to a local major league sports team...it is written off as an entertainment expense. For example.
The Trustees of the Corporation were really the only ones using them...but this doesn't come out of their own pockets technically.

Raising taxes on income is moot because the wealthy have already figured out how to get around it.
They can afford to pay lawyers, accountants and "advisors" on how to keep their wealth and pay less in taxes than you or I do.


PEACE

I am a registered Republican. I am probably middle of the road on a lot of things until it comes to my money.

I believe that more taxes aren't necessarily the answer. The Government needs to clean up their act, then decide what to do. They blow money like a teenager with a new credit card. Responsibility is the answer. Then if there is a need for additional funds then tell us what it will take to fix it.

I used to own a company, until I recently got out of it. The company got ate alive by taxes and so did I. Basically the government saw that we were making over the threshold and thought we could afford more taxes. Not so much. I sold out to my partner and the company went under. 8 people lost their jobs.

Lesson learned.

Average people do not need to carry the burden of taxation, neither do small businesses. If anything give us breaks, be more understanding. Tax the Corporations that can afford it. Heck I bet a lot of them are not paying their share anyway. You want to raise taxes on some group? Go after the ones that aren't scraping by to begin with. I may have owned a business, but I went without pay more often than not because of employee payroll and taxes. Now I am on the verge of loosing the job I took because they can't afford to pay me anymore.

Average Americans get the crap end of the stick too often and we smile and take it. Not that they would ever pay attention to what really matters to us, but we can't take much more squeezing before we pop.

reply to post by mikejohnson2006


"The power to tax is the power to destroy"

Chief Justice John Marshall

Business people do not need to be taxed into investing into their business. The propaganda that taxes are incentives to invest is just that, propaganda. There is only one reasonable reason for taxation and that is to generate the necessary revenue to operate government. To use taxation to destroy, (of which government does), or to use it as some sort of social catalyst, (of which government attempts), or to use it as some form of legal plunder, (of which government does), is not a reasonable reason to tax people.

The federal government was not created to implement social engineering policies, they were created to protect the states from foreign and domestic usurpers, and to protect the rights of individuals.

reply to post by mikejohnson2006


Considering that corporations are already sitting on a trillion dollars, and not spurning job creation, that argument does not really hold water.

One link: www.chicagonow.com...

Another Link: online.wsj.com...

As it says in the later article (although a bit dated), if companies don't feel good about the economy, they are not going to expand.

reply to post by mikejohnson2006


Where theres a will theres way , particulalry if your at the top of the company.

I was an employee of a large company and if you have a gold card you had to account for every cent you spent on that card, but if you had a platnim card then you had to aco# for a certin amount but were given an amount ( which varied with rank) for which you did not have to account for.

You could send it on what ever you wanted, no questions asked at all.

do high taxes create a stronger economy?

no all taxation does it take more money out of the system which means people lose income and federal income shrinks.

I would say that neither increasing nor discreasing taxes helps. Now giving incentives to create jobs here and hire only citizens would be the way to go. For instance grants for businesses and deductions on the taxes as they are now for employing the citizens here would be the answer. Sort of like Green credits for going green, but call them employee credits, for every 100 employees the company either gets a thousand dollars to invest or their tax falls a thousand dollars that's just a rough idea.

reply to post by mikejohnson2006


on the mom and pop small businesses no they should not get higher tax, but with say corporations with50 plus employees whom are making record profits yes they should pay higher taxes...oil companies paying no taxes? I'm a swing voter I listen to both candidates and vote fir the better of the two. However I did not vote (did register republican) but when McCain took Palin on I threw my hands up and just could not vote. The only Dem I voted was Clinton...peace