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i wonder WHY the us republicans are against higher taxes for riches?

 
Anonymous Coward
User ID: 31019501
United States
12/29/2012 06:28 PM
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Re: i wonder WHY the us republicans are against higher taxes for riches?
Its called the Laffer Curve for a reason shit-wit. There's a debate as to where the peak tax-rate should be/is, and theres a lot of studies that put it all over the place. There is not, however, any debate as to whether or not the Laffer Curve is a linear plot with a negative slope. You lose. Go home.
 Quoting: Anonymous Coward 6850261


You're a communist and a retard. You've never held a job or paid a tax, and still living in mom's basement at age 45 has made you a bitter, angry virgin who has serious difficulty differentiating between what others write, and what he hallucinates that they write.
IssueX

User ID: 20476822
United States
12/29/2012 06:31 PM
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Re: i wonder WHY the us republicans are against higher taxes for riches?
Raising tax rates DECREASES tax revenue.
 Quoting: Anonymous Coward 31019501


Citation needed.
 Quoting: Anonymous Coward 6850261


i know, right. lmao
 Quoting: Anonymous Coward 31102740


It's called the Laffer curve, named after Arthur Laffer, and it is quite well known (assuming you took college economics 101)

and it doesn't say that all taxes are negative...simply that at a certain higher tax rate behavioral modification will kick in and that humans will change their behavior to avoid the higher taxes

the challenge for politicians has always been to try and find that sweet spot where the pig complains, but doesn't give up the ghost

[link to en.wikipedia.org]

Laffer explains the model in terms of two interacting effects of taxation: an "arithmetic effect" and an "economic effect".[3] The "arithmetic effect" assumes that tax revenue raised is the tax rate multiplied by the revenue available for taxation (or tax base).

At a 0% tax rate, the model assumes that no tax revenue is raised. The "economic effect" assumes that the tax rate will have an impact on the tax base itself.

At the extreme of a 100% tax rate, the government theoretically collects zero revenue because taxpayers change their behavior in response to the tax rate: either they have no incentive to work or they find a way to avoid paying taxes. Thus, the "economic effect" of a 100% tax rate is to decrease the tax base to zero.

If this is the case, then somewhere between 0% and 100% lies a tax rate that will maximize revenue....
Anonymous Coward
User ID: 6850261
United States
12/29/2012 06:32 PM
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Re: i wonder WHY the us republicans are against higher taxes for riches?
Its called the Laffer Curve for a reason shit-wit. There's a debate as to where the peak tax-rate should be/is, and theres a lot of studies that put it all over the place. There is not, however, any debate as to whether or not the Laffer Curve is a linear plot with a negative slope. You lose. Go home.
 Quoting: Anonymous Coward 6850261


You're a communist and a retard. You've never held a job or paid a tax, and still living in mom's basement at age 45 has made you a bitter, angry virgin who has serious difficulty differentiating between what others write, and what he hallucinates that they write.
 Quoting: Anonymous Coward 31019501




Your post describes a linear relationship. I quote: "Raising tax rates DECREASES tax revenue."

You're either ignorant and have never heard of the Laffer Curve, or you have a fundamental misunderstanding of algebra. I'd maybe even venture to say it may be a mixture of both.
Anonymous Coward
User ID: 6850261
United States
12/29/2012 06:34 PM
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Re: i wonder WHY the us republicans are against higher taxes for riches?
Raising tax rates DECREASES tax revenue.
 Quoting: Anonymous Coward 31019501


Citation needed.
 Quoting: Anonymous Coward 6850261


i know, right. lmao
 Quoting: Anonymous Coward 31102740


It's called the Laffer curve, named after Arthur Laffer, and it is quite well known (assuming you took college economics 101)

and it doesn't say that all taxes are negative...simply that at a certain higher tax rate behavioral modification will kick in and that humans will change their behavior to avoid the higher taxes

the challenge for politicians has always been to try and find that sweet spot where the pig complains, but doesn't give up the ghost

[link to en.wikipedia.org]

Laffer explains the model in terms of two interacting effects of taxation: an "arithmetic effect" and an "economic effect".[3] The "arithmetic effect" assumes that tax revenue raised is the tax rate multiplied by the revenue available for taxation (or tax base).

At a 0% tax rate, the model assumes that no tax revenue is raised. The "economic effect" assumes that the tax rate will have an impact on the tax base itself.

At the extreme of a 100% tax rate, the government theoretically collects zero revenue because taxpayers change their behavior in response to the tax rate: either they have no incentive to work or they find a way to avoid paying taxes. Thus, the "economic effect" of a 100% tax rate is to decrease the tax base to zero.

If this is the case, then somewhere between 0% and 100% lies a tax rate that will maximize revenue....

 Quoting: IssueX


Yes. This is not debatable. Explain this to 31019501. Apparently he doesn't know what a parabola looks like.

The debate is not as to whether or not raising taxes decreases revenues as 31019501 has framed it. The debate is rather where along the curve the peak resides.
Useless Cookie Eater

User ID: 29696048
United States
12/29/2012 06:35 PM

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Re: i wonder WHY the us republicans are against higher taxes for riches?
even a fiscal cliff would be accepted and millions stariving for keeping the riches out of higher taxes.

killing the poor and punishing the middleclass....

is there any REASON for doing this?
howcome the republican party even exists?
wouldnt every normal person rather vote democrats?

can anyone explain please?
 Quoting: Anonymous Coward 30622928


Ok laughing boy.
Let's say you actually DO raise the taxes on them.
....AT MOST it would run the government for another 7-8 days and do NOTHING for the deficit or the CRAZY spending the government does.




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