The solution is so simple. Just cut taxes in half for the job creators, let Warren buffet go to the IRS website and donate if it will make him feel better, and bring all our troops home from every country in the world (today, if possible.) Then your hair will stop turning grey and you will have a nice unforced smile again. Oh, and fire all your cabinet. Thanks. Do that and I will vote for you. So will everybody else.Except Hillery. Don't fire Hillery. Hillery has earned the right to stay. And more.
Well, you know, I like the grey hair and the signs of a life lived.
ReplyDeleteYou know, there are so many smart people out there, RM, including you spouting this.
ReplyDeleteIt's so stupid.
Jobs you create you write off your taxes. If "job creators" (and they've done SO MUCH JOB creation the past few decades with some of the lowest tax rates in the world) write off hirees on their taxes. Why is that somewhat important tidbit constantly ignored as people scream about making jobs? If I don't want to hand money over to the government but can't keep it for myself, I might as well make job, hunh? It's worked before.
Low tax rates is a counterincentive to creating jobs. Always has been.
We've been trying it THAT way for decades and look where it got us. Einstein said, "We can't solve problems by using the same kind of thinking we used when we created them."
@A.- I thought for a moment you were going to say a life "well" lived. :) Well, he's lived a pretty good life so far. Maybe he tinted his hair during the campaign (right pic.) His smile sure seemed a lot less forced back then. he's had a lot on his mind, of course (as has Hillery) and the job gets to you.
ReplyDelete@Stephanie Barr - Well, this was a light-hearted post made on a pub blog (note the blog title "Slap & Tickle) about how politics seems to age people in a hurry. I invite you to make a comment about that subject. Pubs are for having fun and for drinking. Though sometimes for throwing darts. Lighten up. :)
The same advice goes for Obama and Hillary: lighten up and you won't age so fast. And "how" can Obama lighten up and feel better? Well, I gave my opinion on that in the few lines of the post. But it was only my opinion and a person would have to be pretty singlemindedly dreary not to see the tongue in my cheek on that one. (Hint: you can't bring the troops all home in one day. Hint: you can't cut taxes in half.) Maybe the real answer would be to play more basketball and begin drinking heavily. How do YOU think Obama might slow down the aging process?
@Stephanie Barr - As I said, I don't want to argue this on this particular blog, but some of the misinformation you toss out is so blatantly false, someone might believe you!
ReplyDeleteLike:
"Jobs you create you write off your taxes."
WHAT????!!!!
Better not try. The IRS will come after you if you try that. Stephanie, all you are doing here is showing the world you have never owned a business and never took a bookkeeping class.
In the wide wonderful world of bookkeeping, your profit or (loss) is the gross amount of money you take in less the expenses it took to bring that money in. The balance is a profit or a (loss). Can you follow that? Sure you can.
When a self-employed individual pays his personal income taxes, one of the income lines on his 1040 is the amount of profit or (loss) he realized from having a business. That's all. No smoke and mirrors. There's no secret line on the 1040 that says "here is where you get to subtract that secret unfair amount for creating 3 new jobs." There just isn't. Go look.
Who in their right mind (except the government) would hire somebody and pay them wages if they weren't earning the company more money than those wages? If they weren't needed?
It is very true that a business gets to subtract (bookkeeping 101 again) its costs of doing business such as the electricity bill and the rent and the payroll - and everything else you can think of that you spent to do business. If you spent more on these things than you took in, you operated at a loss. But that's just too bad that you took a risk and lost, because the government sure isn't going to mail you a refund check because you lost money in your business. Not like they do for people who don't even have an income but get a "tax refund" for having 10 kids and no income.
Stephanie you are hard to reason with. You just bounce these liberal lies off the wall and hope someone is dumb enough to believe it. Study up on what private companies have to do and have to go through to try to make a few bucks. It's hard! And after you manage to get to a profit instead of a (loss) then the socialists of the world want you to pay more than the 35% (or more) on that profit than you already are paying on that profit you worked your ass off to make. That sucks, Stephanie, and I hope someday you have to try to make a business go and live off the "profits" after taxes.
Ah well. No sense doing this. It doesn't prove anything.
ReplyDeleteLow tax rates is a counterincentive to creating jobs. Always has been.
ReplyDeleteArrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!!!!!!!!!!!!!!!!
Damn, RM, do you read your own words?
ReplyDeleteFirst you say,
""Jobs you create you write off your taxes." WHAT????!!!! Better not try. The IRS will come after you if you try that."
Then you say,
"In the wide wonderful world of bookkeeping, your profit or (loss) is the gross amount of money you take in less the expenses it took to bring that money in. The balance is a profit or a (loss). Can you follow that? Sure you can."
I.e. profit after you've paid wages, so you that's money you don't pay taxes on - duh, yes I can follow that. It's what I said that you just sneered at. And so can you:
"It is very true that a business gets to subtract (bookkeeping 101 again) its costs of doing business such as the electricity bill and the rent and the payroll - and everything else you can think of that you spent to do business."
Until you stop arguing with yourself, arguing with me will be pointless. Basically, if you want to pay less in taxes (when the bracket is high), you need to have less of a profit - and employees are a way of doing so. Building up your company also has long term benefits, which in this quick-profit low-tax-bracket world, people tend to forget. Which is why people don't expect to work for a company for twenty years any more.
More's the pity.
I don't have to "try" to live off my profit with a 35% tax bracket unless I'm making ~380,000 or more (that means I'm taking home [at least]a measly $246,447 - how can I survive). Given that my gross is less than that now, I'm pretty sure I could survive on that.
If my profit is less, gasp, I pay less in taxes.
I don't think I'm the one not making sense here. People in the really high tax brackets are still bringing home 20-30 times what people make on minimum wage. Boo-hoo. Having worked at minimum wage, going through college, I have a hard time with the assertion that the rich people are working "harder" for their money.