The real truth about taxes

[pooltchr]

The Obama crowd would like everyone to think that any tax increases are only going to affect the wealthiest of Americans. And, on the surface, that may or may not be true. But the fact is, everyone in the country is going to pay more taxes.

Take Cap and Trade...the tax on energy and utility companies. Yes, the government will be sending the tax bill to the utility companies, and the corporations will be the ones who write the check to Uncle Sam to pay the bill. But what happens next? Do the utility companies just absorbe the additional cost? Not likely. They will do one of three things. They will reduce the dividends to there shareholders, they will lay off employees, or they will just charge more for their product. Since the first two options are not very popular, that leaves one option open to them. So they raise their rates to offset the new tax. That means that, ultimately, it is not just the wealthy who pay the new tax....it is everyone who has electricity. That includes the poor and middle class.

The same principle applies to every business in the country. Consumers ultimately end up paying all taxes. So all those small businesses that make more than $250k will be sharing the joy of new taxes with all of their customers.

Aren't you glad we are only taxing the rich?????????

Steve

[Sev]

Its called negative trickle down economics. It seems to work quite well.

[LWW]

Please ... don't expect the left to understand the obvious.

LWW

[Qtec]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Emissions trading (also known as cap and trade) is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.[1]

A central authority (usually a governmental body) sets a limit or cap on the amount of a pollutant that can be emitted. The limit or cap is allocated or sold to firms in the form of emissions permits which represent the right to emit or discharge a specific volume of the specified pollutant. Firms are required to hold a number of permits (or credits) equivalent to their emissions. The total number of permits cannot exceed the cap, limiting total emissions to that level. Firms that need to increase their emission permits must buy permits from those who require fewer permits (Stavins 2001, p 4.).[1] The transfer of permits is referred to as a trade. <span style='font-size: 17pt'>In effect, the buyer is paying a charge for polluting, <span style="color: #3333FF">while the seller is being rewarded for having reduced emissions.</span></span> Thus, in theory, <span style='font-size: 17pt'>those who can reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest cost to society.</span>[2] </div></div>

Its not a total solution to pollution but its a start.

Q

[Deeman3]

"I will not raise taxes on those making less than $250,000 a year."

How do you spin this one?