It depends on the needs of the nation, and and on how careful politicians are with the tax money they already have. I do believe that some federal and state programs are under funded. Public schools comes to mind. But is the solution to increase taxes, or decrease careless spending in other areas? I'm not sure of the answer to that. But I think we'd need to look into that before taking more money from the people.
I support tax increases for some income levels. I think the Warren Buffet rule is probably a good one. He says that anyone who is a millionaire should be paying at least thirty percent in taxes without any dodges available to them.
We will never see a balanced budget nor a debt free government unless there is a huge influx of revenue. The last time that happened was during the 90's due to the advancements in computer electronics industry and the explosion of the internet. It is unlikely that there is any new technology on the horizon that will generate revenue like happened then. So, the only other recourse is to increase taxes. So, yes I am in favor of increasing taxes.
In a way, I support lower rates but I support all forms of income being taxed the same rate. I mean a guy making a million in dividends should pay the same rate as a guy making a million in salary
Depends on the purpose. Take Medicare/Medicaid: I would support tax increases to fund the hiring of auditors because I would expect them to catch more fraud than the cost of their salaries. If we were attacked, I'd support a war tax. I would support a global initiative to obliterate ISIL, and be willing to pay my fair share. I'd be willing to pay more tax to fund birth control and abortion, again, because I expect that to save money in the long run. I would not be willing to pay more in tax so the Koch brothers could pay less.
"In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."
President Ronald Reagan:
"At some point, additional taxes so discourage the activity being taxed, such as working or investing, that they yield less revenue rather than more. There are, after all, two rates that yield the same amount of revenue: high tax rates on low production, or low tax rates on high production."
President George Bush:
"The cornerstone of my economic policies, is cutting taxes on everybody who pays taxes."
All of them turned the economy around to positive after they took office.
Answers & Comments
Verified answer
HELL NO
It depends on the needs of the nation, and and on how careful politicians are with the tax money they already have. I do believe that some federal and state programs are under funded. Public schools comes to mind. But is the solution to increase taxes, or decrease careless spending in other areas? I'm not sure of the answer to that. But I think we'd need to look into that before taking more money from the people.
No i m not in support to increased of tax
I support tax increases for some income levels. I think the Warren Buffet rule is probably a good one. He says that anyone who is a millionaire should be paying at least thirty percent in taxes without any dodges available to them.
We will never see a balanced budget nor a debt free government unless there is a huge influx of revenue. The last time that happened was during the 90's due to the advancements in computer electronics industry and the explosion of the internet. It is unlikely that there is any new technology on the horizon that will generate revenue like happened then. So, the only other recourse is to increase taxes. So, yes I am in favor of increasing taxes.
In a way, I support lower rates but I support all forms of income being taxed the same rate. I mean a guy making a million in dividends should pay the same rate as a guy making a million in salary
Depends on the purpose. Take Medicare/Medicaid: I would support tax increases to fund the hiring of auditors because I would expect them to catch more fraud than the cost of their salaries. If we were attacked, I'd support a war tax. I would support a global initiative to obliterate ISIL, and be willing to pay my fair share. I'd be willing to pay more tax to fund birth control and abortion, again, because I expect that to save money in the long run. I would not be willing to pay more in tax so the Koch brothers could pay less.
Ask these guys:
President John Kennedy:
"In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."
President Ronald Reagan:
"At some point, additional taxes so discourage the activity being taxed, such as working or investing, that they yield less revenue rather than more. There are, after all, two rates that yield the same amount of revenue: high tax rates on low production, or low tax rates on high production."
President George Bush:
"The cornerstone of my economic policies, is cutting taxes on everybody who pays taxes."
All of them turned the economy around to positive after they took office.
No tax increases. Just make investment income the same as wage income. And scrap short term vs long term - income is income.
I support less government and lower taxes.
Let people keep more of their earnings and things will get better.
Taxes reduce the incentive to succeed
I have lots of disposal cash at the end of each week, so YES, I'm in favor in more and higher taxes.
Let me guess your next question: "Who's tried to gouge out their own eyes?".