Posted on 10/18/2012 8:59:56 AM PDT by SeekAndFind
Romney, doesn’t need to explain the millions rich folk already pay in taxes. He needs to explain the fundamentals as to why having a rich man and the entrepreneur work together. People don’t seem to understand the idea of broadening the tax base actually creates more revenue by keeping money in the private sector.
0bama’s mind seems to not understand how to grow the economy and why his plan is causing stagflation leading to the fiscal cliff of collapse. Here’s some basic math for you Mr. President since you don’t get Economy 101 and would rather create an economy tax:
Don’t know what is so hard for people to understand about broadening the tax base makes the economy grow. And raising taxes on the last of our producers stifles growth and increases debt.
If I make $1000 and 30%, that’s $300.00, go to pay taxes how does raising my taxes create jobs? So you raise my taxes to 40%, that is now $400 out of my income of $1,000. Whoopiee...I gave the government $100 more to keep you on your welfare.
But...let’s say you lower the tax rat to 20% Right now I work from 6am until 11pm and NEED to hire at least 1 part time worker to lift my workload and grow my business. All of a sudden I have $100 to put towards that new employee. Now, since my business is growing ...I actually need two or three employee’s. Why lookie there....income goes from $1,000 to $3,000, plus the tax base increase by 3x.
So for a 10% tax cut the government gets an increase in revenue. Instead of $200....it becomes $600. And over a month’s time that $100 part time employee contributes $45, times 3 employees= $135 in tax revenue. Plus they are either leaving welfare rolls and the government entitlement rolls.
Obama’s plan would yield only $400 in additional revenue and no GDP growth.
Romney’s plan would yield $735 in additional revenue and growing businesses and less folks on welfare. Thereby we can cut the spending and pay the debt.
The Idiocracy failed Econ 101.
I never got a job from a poor person.
Boehner, man...
Great example of an oxymoron.
“Boehner, man up and call his bluff.”
Since the Republicans took over the House in 2010, Boehner has done nothing to use the appropriations power of the House to reign in spending. Why would he change behavior now?
We conservatives talk about the Democrats being in charge of Congress as an excuse for deficit spending during Bush’s last two years. We seem to forgive our 2010 Republican Congress for acquiescing to Obama’s spending. We also fail to blame Bush for losing his veto pen.
WAHHH! You won't do what I want, so I won't let you do NOTHIN'!
Not to mention the 'fiscal cliff'.... since he's the One who built that!!!
-----
Ugh! The Petulant President.
God save us all.
Exactly!
I said this the other night during the debate on my FB page...
I’d rather have Romney invest in my business than the government give a tiny tax credit for hiring someone...0bama has no idea how to grow business... I’ll get more from an investor ...than the government....sheesh...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.