Do Republicans Think Corporations should pay no taxes?

[Yousaidwhat]

You're speaking to someone who says" we have bills, and they have the money, so we must take it!"

Or just simply that they should pay their share proportionally.

And?

I've asked this before and it has never been answered.

What is their fair share?

Specifically in percentage or dollars and cents.

A percentage proportional to what others pay. The actual dollar amount is meaningless. Don't you believe their rate should be at least what you pay?

Do you believe that whatever they pay will be passed on to the consumer and the rest written off?

Isn't that how it's always been done?
That formula only takes you so far. A business can't price themselves out of the market. It's really hard to argue that a company that reports tens of billions in profit
should pay nothing as many do.

Not getting an argument from me.

As shameful as it may seem.

 

[Hutch Starskey]

A percentage proportional to what others pay. The actual dollar amount is meaningless. Don't you believe their rate should be at least what you pay?

Do you believe that whatever they pay will be passed on to the consumer and the rest written off?

It might hurt profits, employee wages, bonus', expansion, hiring more employees, the economy, etc but you gotta pay your taxes.

I'd be OK with everyone paying 15% if it would work. Democrats aren't trying to over tax but it seems Republicans want to under tax and then wonder why we are broke

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

5trillion in debt is not a surplus

Budget surplus.

 

[Yousaidwhat]

Do you believe that whatever they pay will be passed on to the consumer and the rest written off?

It might hurt profits, employee wages, bonus', expansion, hiring more employees, the economy, etc but you gotta pay your taxes.

I'd be OK with everyone paying 15% if it would work. Democrats aren't trying to over tax but it seems Republicans want to under tax and then wonder why we are broke

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

5trillion in debt is not a surplus

Budget surplus.

Semantics

 

[Hutch Starskey]

It might hurt profits, employee wages, bonus', expansion, hiring more employees, the economy, etc but you gotta pay your taxes.

I'd be OK with everyone paying 15% if it would work. Democrats aren't trying to over tax but it seems Republicans want to under tax and then wonder why we are broke

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

5trillion in debt is not a surplus

Budget surplus.

Semantics

No, accounting.

 

[Yousaidwhat]

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

5trillion in debt is not a surplus

Budget surplus.

Semantics

No, accounting.

No. Manipulation.

 

[Wilbur Right]

Corporations do not hoard profits if they did they would have no investors willing to buy their stocks.

Why Are Corporations Hoarding Trillions?


On Money

By ADAM DAVIDSON JAN. 20, 2016

Continue reading the main storyShare This Page

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Photo

CreditIllustration by Andrew Rae
There is an economic mystery I’ve been struggling to understand for quite some time, and I’m not the only one who’s confused: Among financial experts, it is often referred to as a conundrum, a paradox, a puzzle. The mystery is as follows: Collectively, American businesses currently have $1.9 trillion in cash, just sitting around. Not only is this state of affairs unparalleled in economic history, but we don’t even have much data to compare it with, because corporations have traditionally been borrowers, not savers. The notion that a corporation would hold on to so much of its profit seems economically absurd, especially now, when it is probably earning only about 2 percent interest by parking that money in United States Treasury bonds. These companies would be better off investing in anything — a product, a service, a corporate acquisition — that would make them more than 2 cents of profit on the dollar, a razor-thin margin by corporate standards. And yet they choose to keep the cash.




Wrong again skull. Wrong again.

 

[healthmyths]

We'd still have the Clinton surplus if not for Dennis hastert Tom delay and bush

Not true. Do you realize these events occurred? Were you born yet? Not one president in history had as many cataclysmic events occur ever.
So please tell me how long that "surplus" lasted with $8 trillion in market losses providing tax write-offs, with 9/11 at over a Trillion losses... Wall street was closed 10 days do you remember? Airlines didn't fly for 3 days! Don't you think their revenue was affected thus profits reduced thus lower tax revenue?
Why do you people continue to ignore these historical events???

Recession
Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because you don't seem to comprehend... RECESSIONS are like football length tankers... it takes miles to turn one...i.e. so does
a "RECESSION"... it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months


According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $8 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble: How to lose $5 trillion

The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

$1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details: Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Federal Receipt and Outlay Summary

Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

So starting in 2001 132,548,000 people were working.
At the end of 2008 138,056,000 people working..

 

[Anathema]

If not, what tax on every dollar in profits is fair? And what do they pay now?

None. Corporations are not citizens. They should not be taxes. Nor should they be allowed to be involved in politics in any way, not get monies from the public treasury.

 

[Skull Pilot]

Corporations do not hoard profits if they did they would have no investors willing to buy their stocks.

Decreasing the tax burden on profits will mean not only will those costs not be passed on to the consumer but more money will eventually end up in the hands of individuals where it will then be taxed

Corporations do hoard profits. They use some of them to buy back shares to artificially support share prices and to pay dividends to shareholders.

US corporations are sitting on hundreds of billions of dollars of hoarded cash right now. They could use those funds to invest in their businesses, but they won't because there's no demand present to justify that. And that's because too many people in this country can't afford to buy the products they produce.

If they were to spend some of that cash by raising employee compensation, put that money to work into the economy by putting into their employees' paychecks, then demand for their goods will grow and they can use more of that cash to expand their enterprises to meet that demand

Everybody wins.

Decrease the corporate tax, or any tax, simply accelerates the growth of our debt. Cutting taxes doesn't reduce spending because they are no longer related (not since Ronald Reagan legitimized the concept of cutting taxes and then borrowing massive amounts to pay for the cost of government).

And we know that we can't cut spending because since the dawn of time we never have, no matter who controlled congress, who was in the White House, or what party made the most noise about cutting spending. It has never been done because it cannot be done. We spend it one way when one party is in power and we spend it a different way when the other party is in power and the only thing they both do is borrow, borrow, borrow to pay for it because our tax revenue is insufficient to pay for what we spend.

We know that it's impossible to cut spending significantly or for any significant period, so cutting taxes has but one effect - accelerate the growth of our already humongous debt.

You want even more debt? Reduce corporate taxes for the 40% of corporations who pay corporate taxes (the other 60% are structured as pass-through corporations and don't pay corporate tax).

Concerned about the debt? Then raise taxes, starting with those at the top who have benefited the most from thirty-plus years of unaffordably low tax rates. It's time to share some of those politically motivated gifts with the rest of the country for a change. We need the revenue more than they do.

We always have.

Tell you what if you want the tax rates to be want they were 30 years ago then you pay those rates too.
Get rid of all the bullshit giveaways and tell the 47% of people who pay no income tax to pay their fair share.

It's not any corporation's responsibility to pay for your shit

 

[Skull Pilot]

Corporations do not hoard profits if they did they would have no investors willing to buy their stocks.

Why Are Corporations Hoarding Trillions?


On Money

By ADAM DAVIDSON JAN. 20, 2016

Continue reading the main storyShare This Page

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Photo

CreditIllustration by Andrew Rae
There is an economic mystery I’ve been struggling to understand for quite some time, and I’m not the only one who’s confused: Among financial experts, it is often referred to as a conundrum, a paradox, a puzzle. The mystery is as follows: Collectively, American businesses currently have $1.9 trillion in cash, just sitting around. Not only is this state of affairs unparalleled in economic history, but we don’t even have much data to compare it with, because corporations have traditionally been borrowers, not savers. The notion that a corporation would hold on to so much of its profit seems economically absurd, especially now, when it is probably earning only about 2 percent interest by parking that money in United States Treasury bonds. These companies would be better off investing in anything — a product, a service, a corporate acquisition — that would make them more than 2 cents of profit on the dollar, a razor-thin margin by corporate standards. And yet they choose to keep the cash.




Wrong again skull. Wrong again.

All that money will eventually end up in people's hands where it can be taxed as some sort of income.

So I am not wrong

 

[Rustic]

A percentage proportional to what others pay. The actual dollar amount is meaningless. Don't you believe their rate should be at least what you pay?

Do you believe that whatever they pay will be passed on to the consumer and the rest written off?

It might hurt profits, employee wages, bonus', expansion, hiring more employees, the economy, etc but you gotta pay your taxes.

I'd be OK with everyone paying 15% if it would work. Democrats aren't trying to over tax but it seems Republicans want to under tax and then wonder why we are broke

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

You leftists constantly spew that Clinton had a surplus, but fail to recognize that it was a republican congress that enabled that to happen.
But when The Blamers 10 trillion dollar add-on is brought up, you hypocrites blame the republican congress.
It doesn't matter where the fault lies. It's always the Republicans fault. The democrats can do no wrong as long as the free stuff keeps rolling in.

There was not even anything close to a surplus... Lol

 

[Rustic]

Do you believe that whatever they pay will be passed on to the consumer and the rest written off?

It might hurt profits, employee wages, bonus', expansion, hiring more employees, the economy, etc but you gotta pay your taxes.

I'd be OK with everyone paying 15% if it would work. Democrats aren't trying to over tax but it seems Republicans want to under tax and then wonder why we are broke

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

You leftists constantly spew that Clinton had a surplus, but fail to recognize that it was a republican congress that enabled that to happen.
But when The Blamers 10 trillion dollar add-on is brought up, you hypocrites blame the republican congress.
It doesn't matter where the fault lies. It's always the Republicans fault. The democrats can do no wrong as long as the free stuff keeps rolling in.

Imagine if bush didn't lie us into Iraq or give those tax breaks or send all those jobs overseas. Clinton signed NAFTA? Bush supersized it

Fuck face, the federal never had any claim to any taxes that you claim. Shit for brains
Lol

 

[Rustic]

We'd still have the Clinton surplus if not for Dennis hastert Tom delay and bush

''The Clinton surplus"?
Where do you see any sort of surplus? You inbred fuck...

 

[Rustic]

Actually Trump thinks the middle class shouldn't pay any income taxes....

You'll believe anything the guy says. His cum tastes like chocolate too

It actually says so on his website. You should try reading it before you make baseless accusations.

It does? What else does he promise, a wall paid for by Mexico? The Tooth Fairy to pass out gold coins? Two gold Cadillac's in every garage, always with a full fuel tank?

That's what socialism claims to do... Lol

 

[Rustic]

Do you believe that whatever they pay will be passed on to the consumer and the rest written off?

It might hurt profits, employee wages, bonus', expansion, hiring more employees, the economy, etc but you gotta pay your taxes.

I'd be OK with everyone paying 15% if it would work. Democrats aren't trying to over tax but it seems Republicans want to under tax and then wonder why we are broke

Not saying we shouldn't pay taxes, but I do expect that when taxed, those taxes are spent wisely and not wasted frivolously.

We are broke and in debt because those who are in charge can't control themselves.

Clinton had a surplus.

5trillion in debt is not a surplus

Budget surplus.

Sounds like algores math... Dip shit

 

[Rustic]

Corporations do not hoard profits if they did they would have no investors willing to buy their stocks.

Why Are Corporations Hoarding Trillions?


On Money

By ADAM DAVIDSON JAN. 20, 2016

Continue reading the main storyShare This Page

• Share
• Tweet
• Pin
• Email
• More
• Save

Photo

CreditIllustration by Andrew Rae
There is an economic mystery I’ve been struggling to understand for quite some time, and I’m not the only one who’s confused: Among financial experts, it is often referred to as a conundrum, a paradox, a puzzle. The mystery is as follows: Collectively, American businesses currently have $1.9 trillion in cash, just sitting around. Not only is this state of affairs unparalleled in economic history, but we don’t even have much data to compare it with, because corporations have traditionally been borrowers, not savers. The notion that a corporation would hold on to so much of its profit seems economically absurd, especially now, when it is probably earning only about 2 percent interest by parking that money in United States Treasury bonds. These companies would be better off investing in anything — a product, a service, a corporate acquisition — that would make them more than 2 cents of profit on the dollar, a razor-thin margin by corporate standards. And yet they choose to keep the cash.




Wrong again skull. Wrong again.

To Progressives smart business practices is foreign to them… LOL

 

[sealybobo]

I don't even look.

That is not a good answer, you should know. Why should you have an opinion if you don't even care what your own tax obligations are?

I make less than $100,000 and more than $75,000

Okay, so do you own a home? If you do, property taxes, mortgage interest are tax deductible and so is mortgage insurance. Either way you sound like you contribute to the tax base...

my accountant told me how much to save/claim to put me in the lower tax bracket so that's what I did.

AGI will determine your tax bracket, your W 4 outside of allowable deductions will determine your tax bracket, not your accountant, unless he is committing fraud. Now if you have your taxes prepared by someone other than a CPA, anything is possible, I have seen numerous returns that the individual knew they didn't have the deductions they claimed...

I don't get crying over taxes

Our federal tax dollars are mismanaged on a daily basis, the death tax is double, triple and sometimes quadruple taxation, that's not what our country was founded on. Get rid of the career politicians (term limits) and I'll quit questioning their misuse of my money. If you really don't care about your income (I am sure you do) then pay someone to manage it for you, otherwise don't expect the American Tax Payer to support you or anyone else in your retirement years...

Just give me a good economy please

That's a Utopian dream, just give me a Federal Government that truly has my best interest at heart, not likely...

You can save pre tax dollars or post tax dollars so instead of paying taxes on $100k I'm only paying in the $80k bracket. Just giving you an example. I don't make $100k. But it was my CPA who told me to save at least x amount to put me in the lower tax bracket.

Did you hear what income people are happiest? $70k. People who make more aren't any happier.

I honestly don't look at what I pay. People like me are happier than people who worry about that.

My brother is rich and he doesn't worry either. And he pays a lot in taxes. But he also makes more than he ever dreamed. I can't stand successful people who complain. Makes me think maybe they aren't successful. So then why are they Republicans? That's the party of greedy successful people who don't appreciate what they make.

 

[sealybobo]

We'd still have the Clinton surplus if not for Dennis hastert Tom delay and bush

Not true. Do you realize these events occurred? Were you born yet? Not one president in history had as many cataclysmic events occur ever.
So please tell me how long that "surplus" lasted with $8 trillion in market losses providing tax write-offs, with 9/11 at over a Trillion losses... Wall street was closed 10 days do you remember? Airlines didn't fly for 3 days! Don't you think their revenue was affected thus profits reduced thus lower tax revenue?
Why do you people continue to ignore these historical events???

Recession
Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because you don't seem to comprehend... RECESSIONS are like football length tankers... it takes miles to turn one...i.e. so does
a "RECESSION"... it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months


According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $8 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble: How to lose $5 trillion

The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

$1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details: Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Federal Receipt and Outlay Summary

Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

So starting in 2001 132,548,000 people were working.
At the end of 2008 138,056,000 people working..

Worse than 9-11 were that policies bush hastert and delay were allowed to implement after 9-11. Tax breaks and starting the Iraq war bush did to himself.

Bush called if a surplus. Said a surplus should be returned to the people who paid it.

He didn't pay down the debt.

 

[Rustic]

We'd still have the Clinton surplus if not for Dennis hastert Tom delay and bush

Not true. Do you realize these events occurred? Were you born yet? Not one president in history had as many cataclysmic events occur ever.
So please tell me how long that "surplus" lasted with $8 trillion in market losses providing tax write-offs, with 9/11 at over a Trillion losses... Wall street was closed 10 days do you remember? Airlines didn't fly for 3 days! Don't you think their revenue was affected thus profits reduced thus lower tax revenue?
Why do you people continue to ignore these historical events???

Recession
Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because you don't seem to comprehend... RECESSIONS are like football length tankers... it takes miles to turn one...i.e. so does
a "RECESSION"... it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months


According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $8 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble: How to lose $5 trillion

The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

$1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details: Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Federal Receipt and Outlay Summary

Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

So starting in 2001 132,548,000 people were working.
At the end of 2008 138,056,000 people working..

Worse than 9-11 were that policies bush hastert and delay were allowed to implement after 9-11. Tax breaks and starting the Iraq war bush did to himself.

Bush called if a surplus. Said a surplus should be returned to the people who paid it.

He didn't pay down the debt.

Those taxes were never the federal governments to begin with... Lol

 

[GWV5903]

You can save pre tax dollars or post tax dollars so instead of paying taxes on $100k I'm only paying in the $80k bracket.

IRA's I take it...

Did you hear what income people are happiest? $70k. People who make more aren't any happier.

No I didn't hear that, interesting though. It is a good income, just tough to own a home and raise a family today.

I honestly don't look at what I pay. People like me are happier than people who worry about that.

I believe you, I'm not sure how that makes you happier, I'm not worried about it, I just know it's wrong, my income is not the issue for me, it's the taxation and the myth that the wealthy should pay more than they do...

I can't stand successful people who complain.

Complain about taxes or in general? The truly wealthy individuals I know invest their money in opportunities, they don't just shut it off. They also pay enormous amounts in Income Taxes and they would be much happier if they could invest that money into their businesses instead of the Federal slush fund...

That's the party of greedy successful people who don't appreciate what they make.

That is just asinine, the truly wealthy donate tremendous amounts into our futures, how do you think we continue to lead the world in R&D?