UK ups tax rate, revenues fall

[dogtowner]

Cut Taxes! And the economy will grow. Thats what Reagan did

and JFK and GWB and Canada, Ireland, etc etc etc....

 

[dogtowner]

Cut Taxes! And the economy will grow. Thats what Reagan did

and JFK and GWB and Canada, Ireland, etc etc etc....

 

[GenSeneca]

I am sorry, do I need to dumb it down for you? Obama says raise a tax rate 3 percent you guys screen about Stalin and Communism and Socialism...You randomly pick 15% ( of course this would blow up the debt) so I say if I say 14% then since you want more taxes then i called for...your a socialist.

But of course you would think that a man who makes only 10,000 a year with a kid....should pay 15% while someone who makes a 20 Billion should pay the same percent and say seems fair. Also you would ignorantly ignore the fact that because you took that 1500 from him, your going to end up spending it on him anyway ....nah wait you thought about it, you just don't care about him or the kid. After all they are not you.

Red Herring much?

The topic of the thread deals with the fact that the UK raised some tax rates while leaving the others unchanged. Revenue declined from the tax rates that were raised. Meanwhile, revenue from most of the tax rates that remained unchanged went up. So, if you're going to blame a bad economy for a loss of revenue in the tax rates that were increased, how do you explain the increase in revenue from the tax rates that remained unchanged during the same period?

 

[pocketfullofshells]

Red Herring much?

The topic of the thread deals with the fact that the UK raised some tax rates while leaving the others unchanged. Revenue declined from the tax rates that were raised. Meanwhile, revenue from most of the tax rates that remained unchanged went up. So, if you're going to blame a bad economy for a loss of revenue in the tax rates that were increased, how do you explain the increase in revenue from the tax rates that remained unchanged during the same period?

ask a economist...but I know enough to know that with economics , things are never as easy as if you do x y will happen...and nothing else with impact it.

 

[pocketfullofshells]

ask a economist...but I know enough to know that with economics , things are never as easy as if you do x y will happen...and nothing else with impact it.

did tax revenue go up or down after the Clinton tax increase....

 

[GenSeneca]

ask a economist...but I know enough to know that with economics , things are never as easy as if you do x y will happen...and nothing else with impact it.

Ask an economist? You're the one who supports these policies, you should, at the very least, be capable of understanding the subject matter and offering some rational defense of your position. Perhaps that is too much to expect...

So you have absolutely no explanation for how raising tax rates had the exact opposite effect that you claim they should have... Fine. You have claimed in the past that it was "simple math", that it really was as simple as "do x y will happen", that by just raising tax rates we could increase tax revenue and that anybody who claimed otherwise didn't understand "simple math", yet here we are with a real life example of your policy completely backfiring, despite what "simple math" had to say.

If you have any intellectual curiosity, you would want to find out for yourself why a policy you support has failed.
If you have any intellectual honesty, you will consider the possibility that what you believe about taxation, is wrong.

 

[dogtowner]

Ask an economist? You're the one who supports these policies, you should, at the very least, be capable of understanding the subject matter and offering some rational defense of your position. Perhaps that is too much to expect...

So you have absolutely no explanation for how raising tax rates had the exact opposite effect that you claim they should have... Fine. You have claimed in the past that it was "simple math", that it really was as simple as "do x y will happen", that by just raising tax rates we could increase tax revenue and that anybody who claimed otherwise didn't understand "simple math", yet here we are with a real life example of your policy completely backfiring, despite what "simple math" had to say.

If you have any intellectual curiosity, you would want to find out for yourself why a policy you support has failed.
If you have any intellectual honesty, you will consider the possibility that what you believe about taxation, is wrong.

the line of thinking is that NO other variables can/will change which is 180 degrees opposite of what WILL happen. he cannot accept the economic fullness of the Clinton years. I suppose it is more convenient to take the narrow view so as to "prove" that the effect does not happen. in those years other variables were changing, specifically What Bush I had dones was taking hold and growing the economy and then there was the Dot Com Boom. the tax increases were unnecessary.

but of course the dot com bust is never mentioned as a headwind for Bush II.