ST Alpha - "business spending is an indicator of economic growth. They're not expanding because all the work for profits is going to taxed to death. " (Reading a Post)

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In response to "BO is initiating the largest money-grab on record from the private sector to the public. If businesses don't spend, the money grab is futile. " by GJOSHGREEN

business spending is an indicator of economic growth. They're not expanding because all the work for profits is going to taxed to death.

Posted by GJOSHGREEN Aug 3 '09, 11:04

Some states are at close to 50% of personal income being taxed--that's stupid. I'm not working until July to pay my taxes--forget it

Responses:

If you're getting taxed at that high of a rate, chances are most of your income isn't from "working" in the first place, in the conventinoal sense of - znufrii Aug 3, 11:09 9
- [deleted]
- are you still in NY state? -- nm - GJOSHGREEN Aug 3, 11:12 7
  - sure am. -- nm - znufrii Aug 3, 11:12 6
    - taxes alone would eat up >$22k of a $65k salary...and that's before the health care tax hike/cap and tax/expiration of Bush cuts in '10 - GJOSHGREEN Aug 3, 11:19 5
      - the accuracy of that number aside... - znufrii Aug 3, 11:24
      - If taxes are too high, and the deficit is killing us, what's your solution? -- nm - ty97 Aug 3, 11:21 3
        
        quit spending money...quit bailing out private companies...quit starting new programs when we can't fund the old. - GJOSHGREEN Aug 3, 11:23 2
        
        [deleted] 1
        
        I agree....but people will continue to hoard cash if they think they have to brace for something. - GJOSHGREEN Aug 3, 11:26

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