Time magazine has published an article about taxes and what we might expect for the future. Read and comment. This article is to be used for week of March 1-March 5. Any periods can use this article.
Wednesday, March 3, 2010
How high will the tax rate go?
Time magazine has published an article about taxes and what we might expect for the future. Read and comment. This article is to be used for week of March 1-March 5. Any periods can use this article.
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52 comments:
I think that the tax rate is already to high. The economy will not get any better if they raise the taxes. People cant afford the tax rate right now and if they raise it, more people will get into debt even more .
People really can't afford the tax rates now let alone when they raise them. especially with what the kind of economy that we have. This place is never going to get any better.
Well if all that happens like Obama plans then we wil not have taxes for a while and that will hel a lot of people get back on there feet and get going. So it might effect us in a bad way or a good way cause we do need taxes to pay off all the money we own and everything so the sooner we get that paid off the better so a huge rise might help some what but could also hurt us. We will just have to wait and see how things work how and if everything will go well.
The higher taxes get the more money people are losing and not able to spend for businesses. If the businesses had more people giving them money for their products more people would have jobs which, in turn, would have more money circulating through the economy.
The rates been getting real high through out out the year an they will always get higher an higher raising the taxes. Some of my family cant afford of the increase of the taxes an then they go into debt more an more everyday.
If we have the time Obama is saying he will give us with out taxes.. Then it is a possibility that we might be able to pay the raise in taxes later on. But it would have to be a while before the taxes rise because it will take a while for people to become steady. Who's to say that we wont get into another economic crisis after we raise taxes though?
Well it seems our cousin Britain to have survived just fine from a tax spike. We've endured far worse. It's not like there isn't a plan in place and there just making it up as they go UNLIKE SOME PRESIDENTS. So it would probably be fine to sit and wait. Unless you really want to grab the torches and pitchforks.
I agree with edwin5. the tax is already high.
taxes are to high for some people and some people cant pay them because after they pay there taxes they won't be able to pay there bills
This article is from a historical perspective discussing previous tax prices in both America and Britain. Studying history helps economic experts determine what kind of actions will be helpful to stimulate the economy.
The Tax Rate Is Already Too High.. This Country Won't Get Any Better If They Keep This Up By Raising The Tax Rate By Even More, This Country Will Be In A Recession Even More. And We Already Have An Era Called "The Great Depression" But We Haven't Seen Anything Yet.. If This Continues!
I personally think the taxe rate will keep rising. Obama's plan is supposed to not let that happen for a while, but i think people need to think realistically. We are living in a bad economy right now and the government needs to take money from us just because thats how it works.
higher taxes down the lines...they're just not going to think about one thing at a time are they...SOMEBODY better tell them we have enough money problems at the moment but they already tring to find out how to get us for some more money this is messed up we the RICHEST country BUT also the POOREST ..........
Obama is holding off on the tax increase as long as he can. If he were to do it now it would hurt us more than help us. However, if we truly want to get out of the this recession our government needs more money. Therefore, higher taxes to get back on their feet. They can't put more money in circulation so they don't have many other options.
The taxes will be higher i think in the next 2 years. AS a country we can't rush into it since we are still in a reccession. Since we can't put the money back in circulation, taxing higher could be the only way to help us.
The taxes rate is to high now, but if Obama still doing what he doing we don't have taxes for cuople year and i don't know if that be good or bad for people because some people count with the taxes for pay bill or buy thing that they need or just save that money.
basically the said obama is raising taxes and they think is coming soon but they do not know when
people are people they want money for theirself and get money to help people with business...But again nothing working for econ so they have to figure out a other way.............'_'
A lot of people struggle with tax rates at the percentage they are at now so the raise will definately hurt a bunch of families. Once they do this a lot of families are going to be in debt and the economy might even drop more, I guess we will just have to see how it turns out.
Taxes are going to keep rising because we're so much in debt. Obama says that he is gonna try for us not to pay taxes for awhile. But i dont think it'll be anytime soon.
i don't think that our stuff should be taxed .. well to me they do enough takin taxes over seas, and they still trying to take taxes thats dumb .. but thats just me ..... taxes goin higher and higher every day ... sooner or later they gone be taking all of our check just for tax purposes only.....!
i don't think that our stuff should be taxed .. well to me they do enough takin taxes over seas, and they still trying to take taxes thats dumb .. but thats just me ..... taxes goin higher and higher every day ... sooner or later they gone be taking all of our check just for tax purposes only.....!
I think the tax rate is too high already too. We're so much in debt, I wonder if we'll ever get out of it. But if they keep raising it then I think it'll get even worse.
i think tax rats should go down. Tax rates its just making us lose more money each time we pay our taxes. My family is coming close to lose whole bunch of money from the tax rates so high. my family baly keeping a apartment for a while.
I think this article is really helpful to economists because by study our financial past they can figure out wear to steer us next. I also believe that we can make it through a tax raise... Britain did it.
This article is from a historical perspective discussing previous tax prices in both America and Britain. Studying history helps economic experts determine what kind of actions will be helpful to stimulate the economy. Obama is holding off the tax increase because it would hurt us more than it would help us but to get out of the recession and revive the economy the government needs more money.
Taxes are the only reasonable way to fix the deficit. Sure the economy might not be kind to that kind of thinking, but it's what our country will need to be out of "debt". Our presidents will spend money and if they lower taxes, they risk raising the deficit, like our excellent previous president.
The tax rate is already high.And raising it won't really be a smart thing to do.Once again recession has to do with alot in our economy.But we're going to get back to normal eventually.
The tax rate will always go up because our government is money hungry. They'll never be satisfied with the amount of money that they can get out of tax payers.
I think that most people will agree that the tax rates are already to high. And yes other countries may not mind as much as we do, but we do care and some can't afford the tax rates right now. If the tax rate is set to go higher we will have more people going into debt. With many people in debt this could hurt our economy.
I think the economy can improve but tax rates cant keep on going up. People have lost their jobs and cant afford high taxes.i hope the situation can improve for all people.
I dont think the tax rate will go much higher because people would start skipping on taxes. Although if we dont recover soon they may rise even more than during the recession if were not careful.
Taxes are high enough as it is. And Obama Administration wants to raise taxes in the future? We are not Bill Gates, we don't have all the money in the world. We can't just give the government our money if the people do not have it.
the taxes are already high and there thinking about raising them the money we got now we spend on taxes were gonna be broke
I think that it just going up go up every year. And that is not good for the people how do not have money give away.
Raising the taxes is ridiculous...we need to find ways to stimulate the economy not worsen it. I think it will take a while to get back on our feet.
the tax rate is already high, so sure to get the economy out of debt, lets raise the taxes, what can i say other than i think we need a new president
if they raise taxes i think it will help america but hurt the people living in it taxes are high enough its a win lose situation
How high will the tax rate go? The question is how high can the tax rate get? Taxes is already expensive enough as it is. The economy is already starting to loose money and sooner or later their not going to have enough for businesses.
higher taxes will cause less money for people to spend. less money to spend will be bad for business because nobody will have money to buy products leaving businesses too without money.
The economy is already bad and the taxes are already high. If the taxes get any higher its going to be hard for people to make some kind of stable life with money.
I think that the tax rate is already way too high. the economy needs to lower the tax rate.
tax rates are already way to high. I think if it goes farther everything will just get worse than it already is. because as soon as they keep raising either no one will want to pay that type of tax rate or wont be able to afford it.
U.S. taxes could double before the end of this decade.
And i hate that for the simple fact people can't afford the taxes now at the rate there at and not only that, if the economy doesn't get any better the higher taxes will cause more people to be in debt.
taxes is already high how much high can i get??
This Country Won't Get Any Better If They Keep This Up By Raising The Tax Rate Even More, the country will end up in a even bigger recession. People can barely pay taxes now with the economy rate, they should not be worries about raising the taxes right now. There are bigger worries.
The tax being raised is not good. Have yu seen gas prices lately? Plus the taxes are to high now as they are. So hopefully it declines soon, because the higher the taxes the less money people have to spend and the more money companies lose!
Taxes are going to rise no matter what. And it's going to break a lot of homes in the U.S. but hopefully everything will fall back into place eventually.
I feel the tax rate is to high already. I feel the economy will just get worse if the taxes keep raising. I feel to keep people out of debt they need to lower the tax rate.
the tax rate can go up really high
I think that the tax is already to hight.
If the tax keep going up more people
will be in debt even more
The tax rate is already high. Unemployment is high and if taxes are raised people will not be able to pay them. People cant afford a higher tax rate right now.
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