[Vision2020] Income Tax Burden Near Its All-Time Low

Thu Apr 23 09:03:24 PDT 2009

Nick 
I think that your fact are wrong or incomplete. There has never been socialist experiment that has worked( Russia and China) as well as a mostly free market economy. Russia and the eastern block failed miserably until they got rid of communism. China only improved with the freeing up the markets.
Roger
-----Original message-----
From: "Gier, Nicholas" NGIER at uidaho.edu
Date: Wed, 22 Apr 2009 14:59:33 -0700
To: "Andreas Schou" ophite at gmail.com,  "lfalen" lfalen at turbonet.com
Subject: RE: [Vision2020] Income Tax Burden Near Its All-Time Low

> Hi Roger,
> 
> How do you explain that fact that 7 European welfare states (all with very high taxes) always rank among at the top of most competitive economies in the world.  How does Denmark with a marginal tax rate of 70 percent rank first in venture-capital investments per capita (The Economist, 3/14/09) and the most business friendly country in the world?  And, oh yes, it has had several years running the lowest unemployment rate in the world.
> 
> Libertarian economics has been empirically disconfirmed for many years.  Time to give it up to give up for the Third Way.
> 
> Nick
> 
> 
> -----Original Message-----
> From: vision2020-bounces at moscow.com on behalf of Andreas Schou
> Sent: Wed 4/22/2009 11:00 AM
> To: lfalen
> Cc: vision2020 at moscow.com
> Subject: Re: [Vision2020] Income Tax Burden Near Its All-Time Low
>  
> Roger --
> 
> Would you say that the top marginal tax rate was "exorbitant" under Reagan?
> 
> -- ACS
> 
> On Wed, Apr 22, 2009 at 10:23 AM, lfalen <lfalen at turbonet.com> wrote:
> 
> > Tom
> > If you believe that taxes will not raise for those that make less than
> > $250,00, I have a bridge I would like to sell you.
> > You cannot impose an exorbitant tax and those that make a lot of money and
> > maintain a vibrant economy. There are faults in our current market system.
> > One of the main ones is the cyclic nature of the markets, fed in part by
> > speculators. If some one was smart enough to figure out how to curb the
> > unsustainable market highs with out imposing total government control it
> > might help. For government to completely control the markets would be worse
> > than what we have now.
> > Roger
> > -----Original message-----
> > From: Tom Hansen thansen at moscow.com
> > Date: Thu, 16 Apr 2009 05:51:38 -0700
> > To: vision2020 at moscow.com
> > Subject: [Vision2020] Income Tax Burden Near Its All-Time Low
> >
> > > Courtesy of today's (April 16, 2009) Spokesman Review.
> > >
> > > ------------------------------------------------------
> > >
> > > Income tax burden near its all-time low
> > > Gallup registers unusually favorable assessment of federal income taxes
> > > Lori Montgomery / Washington Post
> > >
> > > WASHINGTON – As thousands of anti-tax protesters rallied across the
> > nation
> > > Wednesday and the president promised tax cuts for most, new data showed
> > > that the federal income tax burden is already hovering near its lowest
> > > level in three decades for all but the wealthiest Americans.
> > >
> > > The nonpartisan Congressional Budget Office estimates that the average
> > > family forked over barely 9 percent of its earnings to the IRS in 2006,
> > > the most recent year for which information is available. The effective
> > tax
> > > rate hit its all-time low in 2003 and has crept up only slightly since.
> > >
> > > Middle-class families – to whom President Obama has delivered even more
> > > tax relief since he took office in January – have fared especially well,
> > > according to the CBO. The middle fifth of taxpayers, who earned an
> > average
> > > of $60,700 per household in 2006, paid just 3 percent in federal income
> > > tax that year, down from a high of 8.3 percent in 1981.
> > >
> > > With federal income taxes so low for so many families, a majority of
> > those
> > > surveyed by Gallup last week said the amount of federal income taxes they
> > > pay is either “too low” or “about right,” compared with 46 percent who
> > > said their tax bills are “too high” – one of the most positive
> > assessments
> > > of the federal tax burden since Gallup began asking the question in 1956.
> > >
> > > Gallup analysts said the poll results may also reflect confidence in
> > > Obama’s pledge not to raise taxes on families making less than $250,000 a
> > > year, a vow he repeated Wednesday in a tax-day speech at the Old
> > Executive
> > > Office Building. Obama presented nine taxpayers who he said were better
> > > off because of tax breaks enacted in the recent economic stimulus
> > package,
> > > including a tax credit for working families worth up to $800 this year.
> > >
> > > Still, thousands of protesters marked the day federal income taxes were
> > > due by attending hundreds of “tea parties” from Florida to Hawaii,
> > > organizers said. The rallies were promoted by FreedomWorks, a
> > conservative
> > > nonprofit group led by Dick Armey, a lobbyist and Texas Republican who
> > > once served as House majority leader.
> > >
> > > In a pre-rally telephone interview from Atlanta, where he was preparing
> > to
> > > speak on the steps of the statehouse, Armey conceded that “the federal
> > tax
> > > rate right now is at a good level.” But, he said, “there are very few
> > > people who believe Obama will be content to leave it at that.”
> > >
> > > Armey said the real target of the protesters’ ire is not the current tax
> > > rate but the much higher one that will be needed to pay for trillions of
> > > dollars in financial-sector bailouts; the stimulus package, which is
> > > projected to add nearly $800 billion to the federal debt over the next 10
> > > years; and Obama’s ambitious health-care and education initiatives, which
> > > are projected to raise the debt by trillions of dollars more.
> > >
> > > “There’s no way he can do the spending he does and cut taxes for most
> > > people,” Armey said. “People know that spending inevitably means more
> > > taxes.”
> > >
> > > The White House stuck to its own low-taxes message Wednesday, as Obama
> > > repeated his “clear promise that families that earn less than $250,000
> > > will not see their taxes increase by a single dime.” Asked whether Obama
> > > is confident that he can stick to that pledge throughout his
> > > administration, press secretary Robert Gibbs told reporters: “He is. He
> > > is. He is.”
> > >
> > > ------------------------------------------------------
> > >
> > > Seeya at the Wingding, Moscow.
> > >
> > > Tom Hansen
> > > Moscow, Idaho
> > >
> > > Join us at The First Annual Intolerista Wingding, April 17th, featuring
> > > Roy Zimmerman and Jeanne McHale.  For details go to . . .
> > >
> > > http://www.MoscowCares.com/Wingding
> > >
> > > Seeya
> > > there.
> > >
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> >
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