Ben Stein to Fox News: Taxes are too Low

[VerbalIntercourse]

I'm no economist, but how the heck is cutting taxes supposed to fix a deficit. It seems counter productive....

Well, TR (tax revenue) is a function of the tax rate (t)

TR= f (t), then you know where t=0% the TR= 0

Also you know if t equals 100% then TR=0%

TR'= 0 somewhere between 0 and 100. just really depends on shape of the curve.

but the tax rate has an effect on the economy. too much taxation can depress economic activity.

so TR= f(t) is subject to some GPD equation.

 

[rapbeats]

I wouldn't care if taxes were raised to 50% on anyone making over 250 year with all loopholes closed but in return I want to get something for my tax money!

Your 2011 Federal Taxpayer Receipt | The White House

 

[88m3]

Your 2011 Federal Taxpayer Receipt | The White House

very cool thanks

 

[2Quik4UHoes]

Fellow Blair alum...

 

[Serious]

Your 2011 Federal Taxpayer Receipt | The White House

National Defense 24.9%

MIC stays

 

[MostReal]

someone on that channel finally made sense

 

[Street Knowledge]

Aren't taxes historically low right now

 

[69 others]

Aren't taxes historically low right now

yep.

 

[TLR Is Mental Poison]

Well, TR (tax revenue) is a function of the tax rate (t)

TR= f (t), then you know where t=0% the TR= 0

Also you know if t equals 100% then TR=0%

TR'= 0 somewhere between 0 and 100. just really depends on shape of the curve.

but the tax rate has an effect on the economy. too much taxation can depress economic activity.

so TR= f(t) is subject to some GPD equation.

What Republicans continually fail to realize, is we are closer to the t% = 0 side, than the t% = 100 side. People who say taxes are too low are either lying, or don't know what they're talking about.

 

[VerbalIntercourse]

What Republicans continually fail to realize, is we are closer to the t% = 0 side, than the t% = 100 side. People who say taxes are too low are either lying, or don't know what they're talking about.

Okay prove it.

 

[VerbalIntercourse]

yep.

70%? is the correct tax rate for individuals? you realize the tax rate for corporations is 35%?

 

[TLR Is Mental Poison]

Okay prove it.

Marginal rates for individuals and businesses are near or at historic lows. Effective rates for individuals and businesses are at unprecedented lows. I am about to head out but the info is out there, feel free to find anything that can prove me wrong.

 

[Dusty Bake Activate]

70%? is the correct tax rate for individuals? you realize the tax rate for corporations is 35%?

Here is a paper by two nobel laureate economists who claim the optimal top marginal rate is 70%.

http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.25.4.165

 

[VerbalIntercourse]

Marginal rates for individuals and businesses are near or at historic lows. Effective rates for individuals and businesses are at unprecedented lows. I am about to head out but the info is out there, feel free to find anything that can prove me wrong.

Businesses in the United states have higher tax rates than many (if not all) of the European Union member states.

Individual taxes in the united states are very low.

Especially when you consider that many people (lower income brackets) don't pay taxes at all because of the applicable credits and deductions.



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I'm not in the lower income bracket, and I have to pay ridiculous amounts of taxes (state and federal). Even with all the deductions credits I had, I still owed 9 thousand dollars in cash, because My wife and I claimed "2" on our W-4.

I'm cool man.. that hurts. when you have to fork over that much money, it stings. And for what? Roads that are fukked up, streets that are unclean, an ineffective police force, a federal and state government that is near bankruptcy, abysmal government services, sub par public schools, and emergency services that basically let people die (katrina).

I don't get it. At all.

 

[Dusty Bake Activate]

Businesses in the United states have higher tax rates than many (if not all) of the European Union member states.

Individual taxes in the united states are very low.

Especially when you consider that many people (lower income brackets) don't pay taxes at all because of the applicable credits and deductions.



-----------

I'm not in the lower income bracket, and I have to pay ridiculous amounts of taxes (state and federal). Even with all the deductions credits I had, I still owed 9 thousand dollars in cash, because My wife and I claimed "2" on our W-4.

I'm cool man.. that hurts. when you have to fork over that much money, it stings. And for what? Roads that are fukked up, streets that are unclean, an ineffective police force, a federal and state government that is near bankruptcy, abysmal government services, sub par public schools, and emergency services that basically let people die (katrina).

I don't get it. At all.

U. S. corporations pay an EFFECTIVE tax rate of about 12%.

http://online.wsj.com/article/SB10001424052970204662204577199492233215330.html