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You are stating falsehoods stemming from ignorance of what drives revenues
You are stating falsehoods stemming from ignorance of what drives revenues
No, that's what YOU are doing.
Go to the Treasury Dept. website and you can find revenues for every year there. The first two years of the Bush cuts we had reduced revenue because he cut taxes on the middle income brackets. The third and fourth year we returned to around the same amount of revenue and by the fifth year we had increased tax revenues. Again, we cut top marginal rates and it always increases revenue. Every time.
The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Wrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
Wrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
U.S. National Debt Clock : Real TimeWrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
"Skyrocketing" means acceleration of debt build up, which is measured as change in annual deficit. Annual deficits have be shrinking under Obama.
if you're too stupid to understand the above I can't help you.
Shit for brains, The debt is only going up... at an extraordinarily fast rate. FactWrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
"Skyrocketing" means acceleration of debt build up, which is measured as change in annual deficit. Annual deficits have be shrinking under Obama.
if you're too stupid to understand the above I can't help you.
The debt is only going up... factWrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
"Skyrocketing" means acceleration of debt build up, which is measured as change in annual deficit. Annual deficits have be shrinking under Obama. In 2009 it was increased by 1.3T in 2015 it was increased by 0.4T - a clear slow down, not acceleration.
if you're too stupid to understand the above I can't help you.
Basket weaving?
someday, little timmy, you'll contribute something to a thread.
Today isn't that day. Tomorrow isn't looking promising.
Okay, back to the subject of the OP, which is typical right wing "Greed is Good" and the last thing you want is people voting for wealth redistribution.
The reality is, FDR saved the economy without plunging the country into fascism or authoritarianism. and when WWII was over, we were in a position where our well compensated, unionized middle class created the greatest standard of living the world had ever seen up to that point.
Until Republicans came along and fucked it up.
You're comparing apples and bicycles. He's talking about the TOP tax rate, not taxes in general, and he's talking in dollars, NOT percent of GDP. Now get back in there, and let's have a clean fight.You are stating falsehoods stemming from ignorance of what drives revenues
No, that's what YOU are doing.
Go to the Treasury Dept. website and you can find revenues for every year there. The first two years of the Bush cuts we had reduced revenue because he cut taxes on the middle income brackets. The third and fourth year we returned to around the same amount of revenue and by the fifth year we had increased tax revenues. Again, we cut top marginal rates and it always increases revenue. Every time.
Everything you just said was already addressed in my post (after 5 years revenues were down by 3-4%ofGDP compared to 2000). I don't know how to explain it to you in simpler terms, but let me try by means of proving contradiction of your standard:
Steps:
1. If what you say is correct, that tax-cuts cause revenues to increase, then the opposite effect should be observed when taxes are raised - CORRECT?
2. Take a look at the revenues and point me to a time when taxes were increased and revenues decreased - YOU CAN'T.
3. How can you possibly reconcile that tax-cuts and tax-raises BOTH cause increased revenue according to your standard - a blatant logical contradiction.
There is no reconciliation - your standard of proving causation is a proven bullshit.
The debt is only going up... factWrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
"Skyrocketing" means acceleration of debt build up, which is measured as change in annual deficit. Annual deficits have be shrinking under Obama. In 2009 it was increased by 1.3T in 2015 it was increased by 0.4T - a clear slow down, not acceleration.
if you're too stupid to understand the above I can't help you.
Yup. And the dirty little secret is this: Give Washington more revenue and what do you think they'll do with it? Reducing the debt is never an option they'll take.The debt is only going up... factWrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
"Skyrocketing" means acceleration of debt build up, which is measured as change in annual deficit. Annual deficits have be shrinking under Obama. In 2009 it was increased by 1.3T in 2015 it was increased by 0.4T - a clear slow down, not acceleration.
if you're too stupid to understand the above I can't help you.
That would be as useful as shooting yourself in the foot, because here's what you would see. No one would have an income over $300,000 and here's why. They would still make a lot of money, but very little of it would get reported as regular income. In fact, that's why Warren Buffet is running around talking about raising the income tax. Most of his money doesn't get reported as regular income so raising taxes on it wouldn't impact him much at all. So, instead of taxing billions at 94%, you would end up taxing maybe millions and losing a whole lot of revenue. Dumb idea.Basket weaving?
someday, little timmy, you'll contribute something to a thread.
Today isn't that day. Tomorrow isn't looking promising.
Okay, back to the subject of the OP, which is typical right wing "Greed is Good" and the last thing you want is people voting for wealth redistribution.
The reality is, FDR saved the economy without plunging the country into fascism or authoritarianism. and when WWII was over, we were in a position where our well compensated, unionized middle class created the greatest standard of living the world had ever seen up to that point.
Until Republicans came along and fucked it up.
Increase unemployment payment amounts Start rebuilding our infrastructure with union jobs and tax all income over 250,000usd, 94%.
1. If what you say is correct, that tax-cuts cause revenues to increase, then the opposite effect should be observed when taxes are raised - CORRECT?
Shit for brains, The debt is only going up... at an extraordinarily fast rate. FactWrong, The data has been skyrocketing in for decades.The fact remains the federal government is collecting more taxes than ever before dollarwise, and still the debt is skyrocketing. What is wrong with this picture?
Your ignorance, debt growth is not skyrocketing, growth has been SHRINKING under Obama.
This is the debt increases per year:
In big part due to increase in revenues, but also due to relatively slow growth of Federal spending...which will change as baby boomers are retiring and we have to take care of them in SS and Medicare spending.
"Skyrocketing" means acceleration of debt build up, which is measured as change in annual deficit. Annual deficits have be shrinking under Obama.
if you're too stupid to understand the above I can't help you.
U.S. National Debt Clock : Real Time
