Tax hikes slowling Economic Recovery Says The FED.

[VerbalIntercourse]

Fed study: Tax hikes, not spending cuts, are slowing the recovery | WashingtonExaminer.com

Surprisingly, despite all the attention federal spending cuts and sequestration have received, our calculations suggest they are not the main contributors to this projected drag. The excess fiscal drag on the horizon comes almost entirely from rising taxes. Specifically, we calculate that nine-tenths of that projected 1 percentage point excess fiscal drag comes from tax revenue rising faster than normal as a share of the economy.

I bet the Fed Officials at the San Francisco branch are going to have their Cell Phones tapped, and their emails put on file by this Dictatorial Regime.

 

[Piff Perkins]

Taxes were lower than they've been in 50 years for all of Obama's first term. They were the same through most of Bush's terms, yet the economy still stalled. It's stalling due to state governments struggling+very little government stimulus of any type.

This slow growth would end pretty quickly if we passed an infrastructure bill or did anything to put people to work. Obama raised taxes at the beginning of this year, yet overall job growth hasn't been bad thus far in 2013 (compared to the spring of 2012 when things stalled)

 

[bnm8907]

Taxes were lower than they've been in 50 years for all of Obama's first term. They were the same through most of Bush's terms, yet the economy still stalled. It's stalling due to state governments struggling+very little government stimulus of any type.

This slow growth would end pretty quickly if we passed an infrastructure bill or did anything to put people to work. Obama raised taxes at the beginning of this year, yet overall job growth hasn't been bad thus far in 2013 (compared to the spring of 2012 when things stalled)

This

 

[Mr swag]

It is that damn 2% payroll tax on everyone. I lost over 1,000 a year because of that

Edit: it's 1,118 after tax money I now lost every year

 

[88m3]

It is that damn 2% payroll tax on everyone. I lost over 1,000 a year because of that

Edit: it's 1,118 after tax money I now lost every year

I lose at least that in a single check






If people are supposed to do more with less so should the government.

 

[Piff Perkins]

It is that damn 2% payroll tax on everyone. I lost over 1,000 a year because of that

Edit: it's 1,118 after tax money I now lost every year

Yup, this is another thing. I'm surprised Obama and congress didn't even talk about this, that shyt just expired with no fanfare. I understand it couldn't last forever and raised the deficit but still...it was solid stimulus.

 

[Domingo Halliburton]

I lose at least that in a single check






If people are supposed to do more with less so should the government.

bullshyt. assuming you get paid twice a week. that would be over $26,000. which must mean you make like 1.3 mm before taxes.

 

[Domingo Halliburton]

by the way to op, no shyt. I thought this was econ 101 by now but apparently not.

 

[Broke Wave]

by the way to op, no shyt. I thought this was econ 101 by now but apparently not.

The problem with this logic is that yeah there is some relationship between higher taxes and slowing economic growth, but the solution is almost always just lowering taxes until zero, instead of maybe reducing the friction between capital and taxes, simplification maybe or predictability. No. It's always just make it lower.

 

[Domingo Halliburton]

The problem with this logic is that yeah there is some relationship between higher taxes and slowing economic growth, but the solution is almost always just lowering taxes until zero, instead of maybe reducing the friction between capital and taxes, simplification maybe or predictability. No. It's always just make it lower.

hell, by your line of thinking lets institute a flat tax. we could eliminate the IRS and let the govt just issue your taxes. it works in other countries. we could save millions of man hours.

 

[Ethnic Vagina Finder]

Economic Recovery is what it is because employers/companies have adapted. More our equal output with less input. The age of technology and outsourcing have made an impact as well. The final nail is the abundance of low wage workers that allow companies to operate with a revolving door workforce.

 

[88m3]

bullshyt. assuming you get paid twice a week. that would be over $26,000. which must mean you make like 1.3 mm before taxes.

I get paid every two weeks, nyc taxes aren't a joke doggie.
I'll try and grab a photo of a receipt next go around.




But the god was dancing with Macedonians the night before.

:sconi:

Pulled a Peruvian last night.




[ame="http://www.youtube.com/watch?v=3IMCdF19_YE"]fukks with you - Jim Jones, Max B. Stack Bundles - YouTube[/ame]

 

[Domingo Halliburton]

I get paid every two weeks, nyc taxes aren't a joke doggie.
I'll try and grab a photo of a receipt next go around.




But the god was dancing with Macedonians the night before.

:sconi:

Pulled a Peruvian last night.




fukks with you - Jim Jones, Max B. Stack Bundles - YouTube

i was too drunk to type "once every two weeks" instead of whatever the fukk i said. anyways....