Off-Topic: Marginal Tax Rates!!!!!!!!!!!

Bear Creek Reservoir Topics

(Bear Creek Reservoir Specific)

9 messages

Updated 11/3/2023 6:12:58 AM

Off-Topic

Lakes Online Forum

83,605 messages

Updated 4/25/2024 9:33:24 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Bear Creek Reservoir Fishing

(Bear Creek Reservoir Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	GoneFishin -
	Subject:	Marginal Tax Rates!!!!!!!!!!!
	Date:	10/10/2008 5:42:53 PM

From 1993 when Clinton signed the increase in personal income tax until 1997 11.6 million jobs were created. Read that again, 11.6 million jobs were created after the tax increase. In 1997, the capital gains tax was reduced from 28% to 20%.
This brought in an enormous amount of venture capital for small businesses and start ups. The availability of money as a result of the capital gains reduction probably led to the tech bubble and the subsequent melt down of the market but many business were started and have grown as a result.

In 2003, Bush signed a tax reduction which reduced the tax rates at the top 2 brackets and the capital gains tax to todays level.

Obama has called for NO capital gains tax for investing in small businesses and start-ups. He proposes increasing the tax on those earning over $250,000 to the level that existed under Clinton. This is a 10% increase from the current rates. I support that increase. I can't believe that an increase in PERSONAL income tax for those making OVER $250,000 will cause Freshwater to go out of business or cause Martini to lay off staff. It just reduces your net profit that you take home as salary. Kinda like buying one less gold chain or diamond ring.

I do not agree with raising the capital gains tax but support a reduced tax for interest to encourage more savings. I do not support any further tax reduction for those earning under $250,000.

I moved to Florida and pay no state income tax. Revenue is raised through the state sales tax and the tourists. I support a federal consumption tax with a rebate for low earners and do away with the current tax system.

Other messages in this thread:

View Entire Thread

Game On....GF vs WW - CAT BOAT - 10/10/2008 5:21:10 PM

Marginal Tax Rates!!!!!!!!!!! - GoneFishin - 10/10/2008 5:42:53 PM

Marginal Tax Rates!!!!!!!!!!! - MrHodja - 10/10/2008 10:56:50 PM

Marginal Tax Rates!!!!!!!!!!! - water_watcher - 10/11/2008 7:41:45 AM

No hope for the illiterate - MartiniMan - 10/11/2008 11:34:24 AM

cherry pick...not lick :-) - MartiniMan - 10/11/2008 11:37:15 AM

More thoughts - MartiniMan - 10/11/2008 12:51:55 PM

Unfortunately,,,, - Mack - 10/11/2008 7:38:53 PM

Quick Links
Bear Creek Reservoir News
Bear Creek Reservoir Photos
Bear Creek Reservoir Videos