In economic speech, Obama reveals true colors (and reveals he is insane)

[JohnnyD]

Originally Posted by zimmy

That percent you give is before deductions and not effective tax rate. I am sure you pay a lot in taxes since that is a top tax bracket, but that is not the actual percent payed.
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You own a business? If so, then you'll completely understand that what Uncle Scam calls "Effective Tax Rate" and the actual taxes that a business pays due to the multitude of required payments to Uncle Scam are extremely different - and typically not for the better, might I add. Shall I list them all out again?

[scottw]

Originally Posted by JohnnyD

You own a business? If so, then you'll completely understand that what Uncle Scam calls "Effective Tax Rate" and the actual taxes that a business pays due to the multitude of required payments to Uncle Scam are extremely different - and typically not for the better, might I add. Shall I list them all out again?

you'd think he'd understand this as he was just recently arguing that the nearly 50% of Americans whose "effective federal tax rate" or federal income tax liability is currently "0"... are actually paying their "fair share' in taxes because they are paying things like sales tax etc.....guess it doesn't work both ways

[Jim in CT]

Originally Posted by JohnnyD

You own a business? If so, then you'll completely understand that what Uncle Scam calls "Effective Tax Rate" and the actual taxes that a business pays due to the multitude of required payments to Uncle Scam are extremely different - and typically not for the better, might I add. Shall I list them all out again?

This post, in a nutshell, demonstrates the dilemma we are in. If Zimmy's facts are correct as they were presented, it might be rational to conclude that the tax problem is overblown by conservatives. JohnnyD, who has owned businesses, explains why Zimmy's assumptions are flawed, and distort the conclusions.

If JohnnyD is correct, (having never owned a business I don't know firsthand, but I haven't seen any outrageous misrepresentations by him, ever) I'm curious to see Zimmy's reaction. Because in my experience, it's difficult, if not impossible, to have a rational conversation with a liberal about economics. Once they buy into the liberal economic agenda, they cannot be persuaded by common sense, not even by facts.

Assuming JohnnyD is correct, he has destroyed the premise of Zimmy's post.

[zimmy]

Originally Posted by JohnnyD

You own a business?

Yes, we do.
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