McCain vs. Obama - Economics 101

deadbeater · 07-17-2008, 06:31 PM

Raise taxes? Raise taxes?! They were on the same level before the Paris Hilton/Warren Buffett tax cuts! How in the blue hell can that be considered a rise in taxes??

lookout123 · 07-17-2008, 07:12 PM

deadbeater, could you explain to me what these Paris Hilton/Warren Buffett tax cuts are?

oh and to be fair, I will answer your question. If taxes are set at X and then are changed to X + Y, then that qualifies as an increase. basic math.

richlevy · 08-10-2008, 04:28 PM

Quote:

Originally Posted by deadbeater

Raise taxes? Raise taxes?! They were on the same level before the Paris Hilton/Warren Buffett tax cuts! How in the blue hell can that be considered a rise in taxes??

We can call it a re-raise, or, if you're into poker a 'check raise'.

I think a lot of Americans are fed up with the 'trickle down' theory of economics that states if you take the brakes off taxing the wealthy, the money saved will 'trickle down' to the middle and lower income sector.

My guess is that unless you work in a yacht factory or are an undocumented alien, this will not affect your job prospects, at least not enough to justify the lost tax revenue that will either fall on you or get put on the national credit card.

xoxoxoBruce · 08-10-2008, 04:37 PM

Quote:

My guess is that unless you work in a yacht factory or are an undocumented alien, this will not affect your job prospects...

Don't forget the shiny shoe whore investment guys.

xoxoxoBruce · 08-10-2008, 08:20 PM

umm

07-17-2008, 07:12 PM	#2
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	deadbeater, could you explain to me what these Paris Hilton/Warren Buffett tax cuts are? oh and to be fair, I will answer your question. If taxes are set at X and then are changed to X + Y, then that qualifies as an increase. basic math. __________________ Getting knocked down is no sin, it's not getting back up that's the sin Last edited by lookout123; 07-17-2008 at 08:08 PM.

08-10-2008, 08:20 PM	#5
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	umm Attached Images __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

07-17-2008, 06:31 PM	#1
deadbeater Sir Post-A-Lot Join Date: Dec 2006 Posts: 439	Raise taxes? Raise taxes?! They were on the same level before the Paris Hilton/Warren Buffett tax cuts! How in the blue hell can that be considered a rise in taxes??

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