Now lets look at some history of Taxes vs the Misery Index.
Reagan was able to lower the US Misery Index steadily to his record term low of 8.91 with a Top Marginal Tax Rate of 50% (That's 10.5% HIGHER than what Obama wants, btw.)
Then, in 1987, he lowered the TMTR to 38.5% and the Misery index went UP to 9.84.
In 1988 he lowered the TMTR to 28% and the Misery Index went UP again to 10.9 and then 11.1 by 1990
GHW Bush raised the TMTR to 31% and the Misery Index began decreasing again, slightly.. from 11.1 to 10.52.
Then Clinton comes along and raises the TMTR to 39.6% and the Misery Index drops from 10.56 to 7.29
What does that tell you, Copernicus?
The answer is simple. Consumer spending grows the economy. Higher taxes force spending at both the individual and corporate level as taxpayers seek write-offs. If you've ever filed anything other than a 1040EZ you'd know that. For Corporations, their best write-offs include increasing production, adding locations, new product development and HIRING EMPLOYEES. Using the links provided below you can make your own chart. The Misery Index is low when the TMTR is high. It comes out the same every time. If you want the "Job Creators" to crate jobs YOU HAVE TO TAX THEM.. otherwise they just sit on their fat unthreatened profits. This has hel...
Reagan was able to lower the US Misery Index steadily to his record term low of 8.91 with a Top Marginal Tax Rate of 50% (That's 10.5% HIGHER than what Obama wants, btw.)
Then, in 1987, he lowered the TMTR to 38.5% and the Misery index went UP to 9.84.
In 1988 he lowered the TMTR to 28% and the Misery Index went UP again to 10.9 and then 11.1 by 1990
GHW Bush raised the TMTR to 31% and the Misery Index began decreasing again, slightly.. from 11.1 to 10.52.
Then Clinton comes along and raises the TMTR to 39.6% and the Misery Index drops from 10.56 to 7.29
What does that tell you, Copernicus?
The answer is simple. Consumer spending grows the economy. Higher taxes force spending at both the individual and corporate level as taxpayers seek write-offs. If you've ever filed anything other than a 1040EZ you'd know that. For Corporations, their best write-offs include increasing production, adding locations, new product development and HIRING EMPLOYEES. Using the links provided below you can make your own chart. The Misery Index is low when the TMTR is high. It comes out the same every time. If you want the "Job Creators" to crate jobs YOU HAVE TO TAX THEM.. otherwise they just sit on their fat unthreatened profits. This has hel...
Now lets look at some history of Taxes vs the Misery Index.
Reagan was able to lower the US Misery Index steadily to his record term low of 8.91 with a Top Marginal Tax Rate of 50% (That's 10.5% HIGHER than what Obama wants, btw.)
Then, in 1987, he lowered the TMTR to 38.5% and the Misery index went UP to 9.84.
In 1988 he lowered the TMTR to 28% and the Misery Index went UP again to 10.9 and then 11.1 by 1990
GHW Bush raised the TMTR to 31% and the Misery Index began decreasing again, slightly.. from 11.1 to 10.52.
Then Clinton comes along and raises the TMTR to 39.6% and the Misery Index drops from 10.56 to 7.29
What does that tell you, Copernicus?
The answer is simple. Consumer spending grows the economy. Higher taxes force spending at both the individual and corporate level as taxpayers seek write-offs. If you've ever filed anything other than a 1040EZ you'd know that. For Corporations, their best write-offs include increasing production, adding locations, new product development and HIRING EMPLOYEES. Using the links provided below you can make your own chart. The Misery Index is low when the TMTR is high. It comes out the same every time. If you want the "Job Creators" to crate jobs YOU HAVE TO TAX THEM.. otherwise they just sit on their fat unthreatened profits. This has held true for over 70 years.
http://www.taxpolicycenter.or...
http://www.miseryindex.us/ind...
PS: The lowest Misery Index EVER was in 1953: Misery Index: 2.97. TMTR: 92%.
(more)Reagan was able to lower the US Misery Index steadily to his record term low of 8.91 with a Top Marginal Tax Rate of 50% (That's 10.5% HIGHER than what Obama wants, btw.)
Then, in 1987, he lowered the TMTR to 38.5% and the Misery index went UP to 9.84.
In 1988 he lowered the TMTR to 28% and the Misery Index went UP again to 10.9 and then 11.1 by 1990
GHW Bush raised the TMTR to 31% and the Misery Index began decreasing again, slightly.. from 11.1 to 10.52.
Then Clinton comes along and raises the TMTR to 39.6% and the Misery Index drops from 10.56 to 7.29
What does that tell you, Copernicus?
The answer is simple. Consumer spending grows the economy. Higher taxes force spending at both the individual and corporate level as taxpayers seek write-offs. If you've ever filed anything other than a 1040EZ you'd know that. For Corporations, their best write-offs include increasing production, adding locations, new product development and HIRING EMPLOYEES. Using the links provided below you can make your own chart. The Misery Index is low when the TMTR is high. It comes out the same every time. If you want the "Job Creators" to crate jobs YOU HAVE TO TAX THEM.. otherwise they just sit on their fat unthreatened profits. This has held true for over 70 years.
http://www.taxpolicycenter.or...
http://www.miseryindex.us/ind...
PS: The lowest Misery Index EVER was in 1953: Misery Index: 2.97. TMTR: 92%.
Yes, govt. effed us over. And now they want more of our money. Ever heard the saying: "Fool me once, shame on you - Fool me twice, shame on me?"
It takes manufacturing jobs to start an economy then service businesses like the ' mom and pop' shops spring up around them to serve the needs of those employees who hire more employees, that create more demand, that create more shops that create more jobs.
Without big business manufacturing or bringing money in from elsewhere there are no 'mom and pop' shops.
Tijuana thrives primarily off tourism from America and people going over to Mexico to buy cheaper goods, and they are cheaper because operating cost are lower. If ours were lower there would be less demad for the cheaper goods of other countries.
Not exactly small business there not to mention all the Hotels and the airport are big business.
BTW minimum wage in Tijuana Mexico is 1.90 dollars an hour not 50 cents and that is for unskilled labor.
If they spent a little money on education they might have a higher average wage.
So you still cannot prove that small business can survive without employees from larger businesses to shop at them.
Small businesses cannot produce a large enough economic base to support themselves or bring in money from outside areas.
Small businesses are good for keeping that money produced by the larger businesses in the area, but cannot generate it on their own.
No because small businesses are support businesses for the larger one.
For every manufacturing plant who employ thousands there are grocery stores, restaurants, garages, and entertainment facilities which could not exist without the larger business.
You really need to brush up on your economics 101, and so does Obama.
I doubt you grow, grind, and bake the wheat into bread.
Raise ,slaughter, and butcher the cow.
Grow , grind, process and package the mustard.
Russia learned this when they turned to socialism and the government took over everything. When the rich and big business left people starved and bread lines were formed.
It took decades for the country to get running again and in the end it failed to keep up with the rest of the world and failed.
At a combined state and federal rate of just over 39% the US currently has the second HIGHEST corporate tax rate among the developed nations of the world. The US federal rate of 35% is nearly 10 points higher than the average of our competitors. This wasn't always the case. In 1990, the US corporate tax rate was below average of our competitors. As a result of today's high US tax rates and other antiquated features of our tax rules, US based firms are placed at a competitive disadvantage against their foreign counterparts when trying to sell goods and services around the world.
We need to set the top tax rates at no more than 25% for job creating businesses. this would level ...
At a combined state and federal rate of just over 39% the US currently has the second HIGHEST corporate tax rate among the developed nations of the world. The US federal rate of 35% is nearly 10 points higher than the average of our competitors. This wasn't always the case. In 1990, the US corporate tax rate was below average of our competitors. As a result of today's high US tax rates and other antiquated features of our tax rules, US based firms are placed at a competitive disadvantage against their foreign counterparts when trying to sell goods and services around the world.
We need to set the top tax rates at no more than 25% for job creating businesses. this would level the playing field with our competitors and would help to generate investments and create American jobs allowing the US to be more competitive in the global market place and attract businesses.
Congress should also reform the tax code to allow wordwide American companies to bring back their overseas profits without being subject to doube taxation so they can invest in our economy. Unlike almost all of our major trading partners, the united states taxes it's companies on their foreign income when that income has already been taxed in a foreign country. This discourages our companies from bringing back profits to invest at home in the US.
In conclusion we already tax our companies and rich more than just about everyone else in the world and it his hurting our global competitiveness. Lowering the tax burden would make our products and services sell better in the global market increasing demand and bringing wealth from other countries to the US, the combination of the two creating more jobs here in the US.