Ryze - Business Networking Get a Coderbuddy developer now
www.coderbuddy.com

"I Highly Recommend Them" - Magnitude.io CEO; US timezone; affordable rates; Silicon Valley leadership
Get your software built!
Buy Ethereum and Bitcoin
Get started with Cryptocurrency investing
Home Invite Friends Networks Friends classifieds
Home

Apply for Membership

About Ryze


Small Business Think Tank
Previous Topic | Next Topic | Topics
The Small Business Think Tank Network is not currently active and cannot accept new posts
Tax Cuts For Business .... The Right Thing To DoViews: 642
Mar 30, 2009 2:23 pmTax Cuts For Business .... The Right Thing To Do#

Michael Lemm
It's amazing the kind of economic engine we could have if we simply stopped using taxes to satisfy our envy, buy votes, and punish productive workers. But as long as it's about "fairness", we'll lumber along being much less than we can be.

Read the rest of the article here (caution .... pretty long):

http://small-business-resources-cafe.blogspot.com/2009/03/tax-cuts-for-business-right-thing-to-do.html

You're welcome and encouraged to leave comments and put forth your own suggestions in the "comments" section after the blog article....as well as in this thread.

BE NICE. Varied opinions are OK. Just express them in a mature manner.


God Bless,
Michael Lemm
FreedomFire Communications
http://mscprez.ld.net
http://Small-Business-Resources-Cafe.blogspot.com

Private Reply to Michael Lemm

Mar 30, 2009 5:28 pmre: Tax Cuts For Business .... The Right Thing To Do#

Reg Charie
There is an error in logic in the article.

If you read "As rates are cut, investment money is loosened up, and jobs are created via these new investments. So long as there are workers available to fill those jobs, the tax base increases, more than offsetting the tax rate decrease. The result is that revenue increases.", this presupposes that the amount of incoming new worker's taxes will more than offset the amount cut.

Then they say, "Taken to the logical conclusion, the correct plan would eliminate income tax altogether,.."

If you eliminated taxes then incoming workers would not be contributing anything and a total loss of revenue would result.


Reg - NEW DEMO!! Turn photos into paintings http://FantasticMachines.com
All You Need is Dotcom-Productions and a Dream. http://dotcom-productions.com
0Grief http://0grief.com/special_hosting_accounts_for_my_ryze_friends.htm
CRELoaded websites http://RegCharie.com - SBTT http://thinktank-network.ryze.com

Private Reply to Reg Charie

Mar 30, 2009 6:27 pmre: re: Tax Cuts For Business .... The Right Thing To Do#

Eileen Brown
Read up on the fair tax at fairtax.org

EB :)

Web Development - http://www.bekansas.com/
SEO Copywriting - http://www.buddycopywriting.com/copywritinghome/
Web Site Graphics - http://www.buddywebgraphics.com/
ABHP - JOIN this ACTIVE Ryze Network! - http://abhp-network.ryze.com/

Private Reply to Eileen Brown

Mar 30, 2009 7:08 pmre: re: Tax Cuts For Business .... The Right Thing To Do#

Michael Lemm
Good point Reg. I think it wasn't as clear as it should have been as to what "eliminate income tax" means. Or the direction they were going with that. They probably could have stopped before making that statement.

IMHO if you replace income tax with a consumption tax (which I'd prefer) "taxation" would be simpler and fairer. At least in my feeble mind (LOL). See Eileen's links for more on that .... and the Fair Tax.

God Bless,
Michael Lemm
FreedomFire Communications
http://mscprez.ld.net
http://Small-Business-Resources-Cafe.blogspot.com


Private Reply to Michael Lemm

Mar 31, 2009 1:24 amre: re: re: Tax Cuts For Business .... The Right Thing To Do#

Reg Charie
Don't we already have a "consumption" tax?
It is called sales tax.

It is more developed here in Canada with the GST (Goods and Services Tax) which is added alongside the regular sales tax.

The problems with this are in the administration and exemptions.

Reg - NEW DEMO!! Turn photos into paintings http://FantasticMachines.com
All You Need is Dotcom-Productions and a Dream. http://dotcom-productions.com
0Grief http://0grief.com/special_hosting_accounts_for_my_ryze_friends.htm
CRELoaded websites http://RegCharie.com - SBTT http://thinktank-network.ryze.com

Private Reply to Reg Charie

Mar 31, 2009 3:30 pmre: re: re: re: Tax Cuts For Business .... The Right Thing To Do#

Eileen Brown
Yes, but the fair tax does now allow for exemptions except
those that fall below the poverty level. The fair tax
makes sense for the U.S.

Getting rid of the IRS would be a HUGE plus.

EB :)

Web Development - http://www.bekansas.com/
SEO Copywriting - http://www.buddycopywriting.com/copywritinghome/
Web Site Graphics - http://www.buddywebgraphics.com/
ABHP - JOIN this ACTIVE Ryze Network! - http://abhp-network.ryze.com/

Private Reply to Eileen Brown

Previous Topic | Next Topic | Topics

Back to Small Business Think Tank





Ryze Admin - Support   |   About Ryze



Ryze Android preview app

Testing Gets Real: blog on A/B testing, building businesses with feedback loops, by Adrian Scott

© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy