Taxes should be Significantly Cut

Since there are over 100 taxes, I will pick 7 that we will debate. The 7 are: The Income Tax. The National Retail Sales Tax. The Payroll Tax. Property Taxes. Excise Taxes (on things like Cigarettes, Tobacco, Alcohol, Firearms, etc...). Corporate Taxes. Gasoline and Carbon Taxes. Now for the opening debates: Tax 1 (The Income Tax): I will split this into two parts. First Point: Raising the Income Tax right now will kill the economy. This is simple economics. Right now, the more consumer money spent, the less we will be in an economic slump. Consumer buying increases aggregate demand, which in turn increases supply, thus raising GDP. Raising the income tax would take money away from consumers that they would otherwise spend. "Since the economy is already growing so slowly, why in the world would we want to implement a 3.8 trillion dollar tax hike by letting the Bush tax cuts expire? That would be like planting a steel-toe boot to the skull of the economy when itï¿½ï¿½ï¿½‚ï¿½ï¿½„ï¿½s already on the ground, bleeding.": http://rightwingnews.com.... Second Point: The Income Tax is too Progressive. The disprarity between the rich's tax rate and the poor's tax rate is astounding. The top 1% pay a 45% income tax, while the bottom 47% pay no income taxes. Not to mention, raising taxes on the rich would prevent money that would have previously gone into creating new businesses or investing in new ones, thus creating jobs, would be gone. "The rich in America obviously have lots of money, but there are simply not enough of them to fund the presidentï¿½‚ï¿½ï¿½s preferred level of spending.""They find that tax increases tend to reduce economic growth, stating that ï¿½ï¿½ï¿½‚ï¿½ï¿½"tax increases appear to have a very large, sustained, and highly significant negative impact on output,ï¿½ï¿½ï¿½‚ï¿½ï¿½ï¿½ as ï¿½ï¿½ï¿½‚ï¿½ï¿½"an exogenous tax increase of one percent of GDP lowers real GDP by almost three percent.ï¿½ï¿½ï¿½‚ï¿½ï¿½ï¿½: http://american.com.... "Importantly, any meaningful increases in taxes from personal income would have to come from lower and middle income families, as 90% of all personal taxable income is generated below the taxable income level of $35,000.: http://www.devvy.com.... Decrease taxes, help the economy. Tax 2 (The National Retail Sales Tax): Again, I will split this up into two points. First Point: Raising the National Retail Sales Tax right now will kill economic growth. This has a more profound effect during a recession than raising the income tax does. This charges people extra to help the economy! How silly is that? If we raise the sales tax, the Government would be in essence encouraging people not to buy, and therefore, not to help the economy! "This tax increase would take over one billion dollars out of the hands of North Carolina working families and put it back into government coffers.""They seem to forget that the sales tax affects everyone, and has a greater impact on working people and senior citizens on fixed incomes. Everyone loses more money if we raise the sales tax, including those who are unemployed.": http://www.beaufortobserver.net.... Second Point: The sales tax is exteremely unnecessary expect in extreme inflation periods. The sales tax is unneccesary even in a normal economy because you are still penalizing the consumer for shopping. Why would you do that? That is what keeps the economy afloat. Decrease taxes, help the economy. Tax 3 (The Payroll Tax): I will split this into two points. First Point: The Payroll Tax is extremely unneccesary. Most of the revenue drawn from the payroll tax goes back to them in later years through social security, but in small amounts. Social Security should be to the choice of the worker. If the worker does not want social security in later life, than the Federal Government should not forceibly take his money to fund a project that he or she does not even want. It is not the Government's Obligation, Job, or Duty to make people save. That is the individual's decision, and they have the right to choose for themselves. Second Point: A cut of the payroll tax is good for small businesses. "You have to spend money to take advantage of that tax credit, but if a small business is thinking about expanding, it provides more certainty for them to schedule an expansion or upgrade.": http://smallbusiness.foxbusiness.com.... Small business has taken the brunt of the recession's fury, and an increase in the payroll taxes would make the financial and economic situation even worse. In fact, cutting them would help the economy in many ways. Tax 4 (Property Taxes): I will not go in to much detail on these taxes, but they are even more unnecessary than the top three. Why would you tax someone on the amount of land they own or the inheritance they receive? Especially the inheritance taxes. I mean the poor receive inheriatances too. It' is not just the rich. "It (property taxes) doesn't work so well when it is used to redistribute wealth on a grand scale. ": http://www.tax.com.... "The tax (the estate and inheritance taxes) also is very expensive to comply with. A 1992 National Tax Journal study found the compliance cost was $1 for every $1 raised. Combining these costs with the reduction in output it causes, it is clear the estate tax is a burden on the U.S. economy.""The estate tax makes it difficult to make economic decisions and results in unintended consequences, the burden of which falls primarily on the lower and middle classes. Rather than giving in to the politics of envy, we should have a tax structure that encourages innovation and saving. That is how the poor will become wealthy.": http://www.mrc.org.... The main reason for these taxes is to tax the rich even more. Which one, I have proven will worsen the economy, and two, these taxes don't just effect the targeted rich. Tax 5 (Excise Taxes): At first, they seem like a good idea to deter alcohol, smoking, and other bad habits. But when looked at closer, the same effect is going to happen as the prohibition of alcohol in the 1920s. People are going to start selling "tax-exmept" alcohol and cigarettes underground, which will just one, increase crime, and two, have no effect on the usage of alcohol and cigarettes whatsoever. Also, why is it the Government's job to discourage bad behavior? (I mena stuff that is not illegal). Why is it the Government's job to stop people from drinking or smoking? If the people are dumb enough to do those things, than they should suffer the consequences. Is kind of a tax is unconstitutional because the Government is stepping over it's bounds. Tax 6 (Corporate Taxes): These taxes have the same effect as taxing the rich. They kill the economy. If an economy is trying to recover from a recession, than a decrease in income and sales taxes coupled with a decrease in corporate taxes will not only allow consumers to buy more, but it will allow producers and distributors to sell more to keep up with the increasing demand. Taxing profit is bad enough. Taxing the entire business is terrible. Why would you tax a business that is making a loss? And taxing profit is preventing the business from re-investing the profit back into the business to increase wages, fix equipment, and produce more. "Corporations should NOT be taxed. This is beneficial to the corporation, consumer, economy, and government tax revenue.""If taxes go down, product prices go down (Think Wal-Mart). Corporate taxes are where the consumer gets reamed. Every purchase you make, you are paying corporate taxes.": http://visiontoamerica.org... benefits of no corporate taxes are simple. No taxes mean cheaper COGS, which mean cheaper goods and services for the consumer. Cheaper goods and services for the consumer mean your money goes further and you can purchase more. The more you purchase, the more products need to be made, which eventually requires corporate investments and employee hiring. Eventually, you have more business generated for corporations which eventually lowers prices to stay competitive, higher employment which means more spending in the economy, and lastly a higher tax revenue from the larger economy and increased employment.: http://godfatherpolitics.com.... Tax 7 (The Gasoline and Carbon Taxes): Raising, or even having, a Gasoline Tax makes the price of Gasoline already higher than it should be. Gasoline could be a lot lower if the tax was gone. Now of course, the goal of these taxes is like the excise taxes, so that people will use less gasoline. But one, we do not need them right now, and two, they don't work. "Raising the gas tax would heap yet another burden on New Jersey residents and employers already struggling to afford to live and do business here.": http://www.politickernj.com.... Now the Carbon Tax will fail. It will not discourage people from using Carbon. But the real big one is the taxes on business using carbon and coal in production. This will yet again hurt the economy due to lower production. And this system of Carbon taxes does not even work. "Fear of dangerous Global Warming from man-made CO2 is dissipating with more recent scientific evidence and exposure of much bias, exaggeration of dangers and neglect of benefits of warming in existing scientific consensus. Any warming from CO2 is likely to be a harmless < 1 Deg Celsius by 2100. Higher predictions are only computer model speculations, arguably due to the modeller's confessed ignorance of natural climate cycles." "Even if CO2 were dangerous and we reduced it successfully in Australia or even globally, there is no physical evidence that it would have a significantly beneficial effect on climate.": http://www.nocarbontax.com.au.../. Taxes in General: I have shown on several occasions that most taxes are either unnecessary, worthless, or harmful to the economy. They need to be cut to help the economy and to help business.