A question for Republicans did you know that a higher personal income tax means more Jobs because the business?
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A question for Republicans did you know that a higher personal income tax means more Jobs because the businesses owners will invest to avoid higher income taxes ? What Conservatives Won’t Tell You: Higher Taxes Equal Reinvestment And Jobs By Ray Medeiros What the conservatives do not know or don’t reveal is, higher taxes make businesses re-invest most of their profits into the corporation. This is one of the reasons President Clinton had a booming economy. He raised taxes on the wealthy. Rather than pay the higher tax rate by extracting profits for personal use and having it sit on the sidelines, they re-invested it, creating a chain reaction of jobs. What we are seeing today is lower taxes leading to owners extracting money rather than reinvesting it. The cash sits on the sidelines in bank accounts, or in their wallets. So let’s raise taxes, and “force” this idle cash back into businesses for reinvestment and create the jobs this country needs. http://www.politicususa.com/en/higher-taxes-jobs
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Answer:
Except that would kill small businesses. What are we left with then? Mega Corporations with no competition
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Well, no, and i don't care. In all reality this whole govt is screwed up and it all needs to be fixed. Either, we kick them all out by force or elections or we bring down the entire civilization but a giant EMP or something like that....ok, well maybe the govt should just be down sized, a lot, and it leaves everyone alone. The govt wastes money and is a waste of money for the most part (im talking all govt)
The premise that "higher taxes make businesses re-invest most of their profits into the corporation" is false. As long as tax rates are less than 100%, it will benefit the company to not re-invest beyond what they need to expand the business based on customer requirements.
Then by all means you should set the example, lead the way and send in half your gross right now Or does this only work when you're using others money not your own
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