$3.5T Not As Big As You Might Think

[Nuthin' Fancy]

And Reagan's economic growth kicked ass.

BS.
The moron had a recession, a stock market crash, 11% unemployment rate, tripled the deficit, was a traitor and was the most corrupt president in history...................until an orange grifter, from NYC came along.

 

[Nuthin' Fancy]

The delivery giant FedEx zeroed out its federal income tax on $1.2 billion of U.S. pretax income in 2020 and received a rebate of $230 million.

Why do you feel their pretax income was $1.2 billion?

I didn't feel it, that was their pretax income.

 

[Toddsterpatriot]

BS.
The moron had a recession, a stock market crash, 11% unemployment rate, tripled the deficit, was a traitor and was the most corrupt president in history...................until an orange grifter, from NYC came along.

He had awesome economic growth. Finally got inflation under control. Beat the commies.

Which of those make you cry yourself to sleep? All 3?

 

[Nuthin' Fancy]

Really? When were corporate taxes cut since Reagan cut them in 1987?

George Bush 2001
Trump 2017.
The only republican that didn't was George's daddy, but he had other issues.

 

[Nuthin' Fancy]

He had awesome economic growth. Finally got inflation under control. Beat the commies.

Which of those make you cry yourself to sleep? All 3?

More republican revisionist history.

'Finally got inflation under control' yeah, after he created it.
It took years.
'Beat the commies'?
WTF?
Was it the Berlin wall speech ?
The star wars idiocy?
He tripled the debt doing it.

 

[Papageorgio]

Reagan started his tax cut disaster in 1981.

The Economic Recovery Tax Act of 1981 (ERTA), or Kemp-Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth.The federal law enacted by the 97th US Congress and signed into law by US President Ronald Reagan.

Republican presidents have followed suite every time one is president.

Taxes: What people forget about Reagan

Ronald Reagan is the patron saint of lower taxes and smaller government. He cut taxes, yes. But he also raised them several times, in part to reduce high deficits and in part to pave the way for true tax reform.

money.cnn.com

 

[bendog]

Taxes: What people forget about Reagan

Ronald Reagan is the patron saint of lower taxes and smaller government. He cut taxes, yes. But he also raised them several times, in part to reduce high deficits and in part to pave the way for true tax reform.

money.cnn.com

Yeah, Reagan would be kicked out of today's gop. But Reagan's entire philosophy about most everything (sans abortion which he only opposed in his later years) was to remove govt and taxes from being a factor in people's personal decisions of how to make money and live their lives. No one is making investment decisions today based on tax consequences because indivd rates are so much lower.

The whole point was to give people an incentive to use money to make the most return, and not have taxes as a reason to do, or not do, something

Back then, taxes were a necessary evil ... govt had to be paid for. It was not something that could be "drowned in a bathtub" as Grover Norquist dreams of. I don't think people like Kevin Brady and Scalise really believe the gop tax cut of 2017 was going to "cause" 4% growth. And the gop is all about creating tax exclusions rather than broadening the base of all taxes, because the gop serves special interests, rather than aiming for the good of all of us.

 

[Toddsterpatriot]

George Bush 2001
Trump 2017.
The only republican that didn't was George's daddy, but he had other issues.

Bush didn't cut corporate taxes.

 

[Toddsterpatriot]

More republican revisionist history.

'Finally got inflation under control' yeah, after he created it.
It took years.
'Beat the commies'?
WTF?
Was it the Berlin wall speech ?
The star wars idiocy?
He tripled the debt doing it.

'Finally got inflation under control' yeah, after he created it.

Reagan created Carter's inflation? LOL!

'Beat the commies'?

It was in all the papers.

Do you need proof of his economic growth?

Maybe when you sober up?

 

[Toddsterpatriot]

Taxes: What people forget about Reagan

Ronald Reagan is the patron saint of lower taxes and smaller government. He cut taxes, yes. But he also raised them several times, in part to reduce high deficits and in part to pave the way for true tax reform.

money.cnn.com

Yeah, Reagan's tax hikes were awful!

Hiked the top rate from 70% all the way up to 28%.......

 

[iceberg]

The magnitude of difference between billion and million can be illustrated with this example of the time scale:

A million seconds is 12 days.
A billion seconds is 31 years.
A trillion seconds is 31,688 years.

 

[Papageorgio]

Yeah, Reagan's tax hikes were awful!

Hiked the top rate from 70% all the way up to 28%.......

The great part of Reagan's tax reform was lower the rate and then eliminating a lot of business deductions.

 

[WTH_Progs?]

More republican revisionist history.

'Finally got inflation under control' yeah, after he created it.
It took years.
'Beat the commies'?
WTF?
Was it the Berlin wall speech ?
The star wars idiocy?
He tripled the debt doing it.

Hey smoking meth, why do you say shit all the time that's so fucked over? WTF are you to suggest others revise history when you did exactly that?

YR	POTUS	SEN	Con	UN-EMP Rate	POVTY Rate	Crime Rate	GDP	Ave. Misery Rate	Ave. MORT Rate	Inflation Rate	Fed. Debt
1975	Ford	Dem	Dem	8.48	12.3	5.30%	-0.21%	15.10%	9.05%	9.14%	533.2 B
1976	Ford	Dem	Dem	7.70	11.8	5.29%	5.39%	12.70%	8.87%	5.74%	620.4 B
1977	Carter	Dem	Dem	7.05	11.6	5.08%	4.62%	13.10%	8.85%	6.50%	699.8 B
1978	Carter	Dem	Dem	6.07	11.4	5.14%	5.54%	15.00%	9.64%	7.63%	771.5 B
1979	Carter	Dem	Dem	5.85	11.7	5.57%	3.17%	19.30%	11.20%	11.25%	826.5 B
1980	Carter	Dem	Dem	7.18	13	5.95%	-0.26%	19.70%	13.74%	13.55%	907.7 B
1981	Reagan	Rep	Dem	7.62	14	5.86%	2.54%	12.19%	16.63%	10.33%	997.9 B
1982	Reagan	Rep	Dem	9.71	15	5.60%	-1.80%	12.19%	16.04%	6.13%	1.14 T
1983	Reagan	Rep	Dem	9.60	15.2	5.18%	4.58%	12.19%	13.24%	3.21%	1.38 T
1984	Reagan	Rep	Dem	7.51	14.4	5.03%	7.24%	12.19%	13.88%	4.30%	1.57 T
1985	Reagan	Rep	Dem	7.19	14	5.21%	4.17%	12.19%	12.43%	3.55%	1.82 T
1986	Reagan	Rep	Dem	7.00	13.6	5.50%	3.46%	12.19%	10.19%	1.90%	2.13 T
1987	Reagan	Dem	Dem	6.18	13.4	5.58%	3.46%	12.19%	10.21%	3.66%	2.35 T
1988	Reagan	Dem	Dem	5.49	13	5.66%	4.18%	12.19%	10.34%	4.08%	2.60 T
1989	Bush	Dem	Dem	5.26	12.8	5.74%	3.68%	10.68%	10.32%	4.83%	2.86 T
1990	Bush	Dem	Dem	5.62	13.5	5.82%	-1.79%	10.68%	10.13%	5.40%	3.23 T
1991	Bush	Dem	Dem	6.85	14.2	5.90%	-1.99%	10.68%	9.25%	4.24%	3.67 T
1992	Bush	Dem	Dem	7.49	14.8	5.66%	3.52%	10.68%	8.39%	3.03%	4.06 T

 

[Nostra]

Reagan started his tax cut disaster in 1981.

The Economic Recovery Tax Act of 1981 (ERTA), or Kemp-Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth.The federal law enacted by the 97th US Congress and signed into law by US President Ronald Reagan.

Republican presidents have followed suite every time one is president.

Those cuts led to over a decade of massive economic growth.

Thank you, President Reagan.

 

[Decus]

The the Fed govt only did the very few things allowed them by the Constitution, it would by 1/1000 the size it is today.

I agree. The Federal government needs to return power to the States.

.

 

[Lesh]

Different issue, which is also a lie as has been demonstrated in this thread.

Tell us how it is a cost to the govt to let someone keep more of the money he earned. You can't do it, can you?

Tax cuts so not pay for themselves. They ADD to the debt.

 

[Lesh]

Those cuts led to over a decade of massive economic growth.

Thank you, President Reagan.

Tax cuts do spur economic growth. SPENDING however spurs economic growth to a great degree and actually PRODUCES things...like bridges and roads

 

[Papageorgio]

Tax cuts so not pay for themselves. They ADD to the debt.

It's all good because we only pay the interest on the debt, right? So, cutting them is no big deal.

 

[Lesh]

And oh yea...Reagan raised the payroll taxers that all Americans pay

 

[Lesh]

It's all good because we only pay the interest on the debt, right? So, cutting them is no big deal.

Ya wanna try and make sense out of that troll?