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Below are the RECEIPTS and NOT AFTER the tax cuts went into effect... REVENUE Increased for 4 straight years!!!
Why tax more, why not less? And if you want more tax, how much do you want in %, and who is going to pay it?
Since the wealthy aren't trickling-down like you all promised they would, it makes sense to tax them more because they didn't hold up their end of the trickle-down bargain. I don't know what the top tax rate should be, but I know it's definitely too low right now if you are concerned with deficits and debt. Most economists think it should be between 50-70%, back when "America was great".
Are we FAIR? Are we really? Then shouldn't the people who pay NO tax that work and make money, have to at least pay 1 dollar?
They don't pay federal income taxes because you cut their taxes. So are you now admitting your tax cutting bullshit ideology was foolhardy? Because it sure seems like it. They do pay sales, payroll, and excise taxes...and those rates & fees are what is increased to make up for the drop in revenue from income tax cuts. Because, math.
Don't they get benefits from what the government does? Should not everyone PAY their fair share? That is a Democratic saying, is it not! Notice, the keyword is PAY, not COLLECT because you do not make enough.
Not everyone does pay their fair share. The wealthy definitely don't. They got a tax cut under the premise that it will "trickle down" on everyone else by way of increased economic activity by the wealthy. Only, that doesn't ever happen. The Conservative belief they would has been proven bunkum time and time again. We just saw it happen 15 yeas ago with the Bush Tax Cuts. Taxes were cut, and the wealthy increased their savings, not their spending, while everyone else went into debt.
This is a problem of your doing. This is what happens when Conservatives monkey around with the economy and tax rates. So you have no one to blame but yourself.
Dumbass DERP... So WHERE IN THE HELL do these "WEALTHY people putting the savings from taxes???
A) They spend it ! Yes on shit you never could afford... Yachts... (by the way I was paid as a data base administrator for a yacht builder and we had almost 100 people
B) Or say they invest it! GEEZ now where would they put it??? Wow see no one with any intelligence decries WEALTHY trickle down because eventually a rising tide lifts all boats!
C) Or maybe these EVIL wealthy people GIVE IT AWAY?? Ever think about that?
But of course good old tax breaks come into place but hey I wouldn't doubt for ONE second DERP... that you have been the recipient of some wealth person's donations to your parents flophouse so you could live in their basement while COMPLAINING about the wealthy!
Below are the RECEIPTS and NOT AFTER the tax cuts went into effect... REVENUE Increased for 4 straight years!!!
After first reducing revenues below 2000 levels and staying below that level through 2004. It wasn't until 2005 that revenues reached the level they were in 2000. Over that same amount of time, a $236B surplus in 2000 was turned into a $412B deficit by 2004. A swing of nearly $650B.
So you took three steps back to take one step forward. Where does that leave you? Two steps behind.
Dumbass DERP... So WHERE IN THE HELL do these "WEALTHY people putting the savings from taxes???
Off-shore. They use it to buy foreign-made goods. Any number of places. But definitely not "in the economy".
A) They spend it ! Yes on shit you never could afford... Yachts... (by the way I was paid as a data base administrator for a yacht builder and we had almost 100 people
No they don't. According to Moody's, the wealthy increased their savings by 4% during the Bush Tax Cuts, but didn't increase their spending at all.
B) Or say they invest it! GEEZ now where would they put it??? Wow see no one with any intelligence decries WEALTHY trickle down because eventually a rising tide lifts all boats!
They don't invest it either. They hoard it. That's why the stock price keeps going up, yet wages stagnate.
C) Or maybe these EVIL wealthy people GIVE IT AWAY?? Ever think about that?
The totality of all charitable giving in the US in 2016 was less than Medicaid's budget. And that includes all forms of charity like donating to the NYC ballet, and tithing to the Mormon Church.
But of course good old tax breaks come into place but hey I wouldn't doubt for ONE second DERP... that you have been the recipient of some wealth person's donations to your parents flophouse so you could live in their basement while COMPLAINING about the wealthy!
You don't know shit about me, so you try to invent a person you can then attack. Only problem is, your attack falls flat because you're full of shit.
Year 2000 Revenues: 2,025,191 Outlays 1,788,950 Surplus 236,241
1) A recession that started UNDER CLINTON because ONLY dummies like you think oh yea recession started exactly on 3/1/01 ALL BUSH's fault!
2) Dot.com bust... provided CLINTON with the surplus... BUT THEN the bust started UNDER him in 1997 and continued thus again.. Losses means deductions!
3) OH yea dummies like you continue to ignore the WORST attack on US soil 9/11 WTC/Pentagon/anthrax... ALL had a negative effect on Revenues but you ignore that!
4) WORST hurricanes in history... again all these factors contributed to higher outlays lower receipts...
BUT IN SPITE of that... revenues then increased.. to the highest in US History! 2.523 trillion in 2008! Again you ignore the realities which is what happens when you
OARD? AGAIN you have NO idea how the stock market works do you?
WHAT happens DERP when these "HOARDERS" put their evil tax reduction gains into buying STOCKS?? Do you really comprehend the ripple effect going on?
NOW AS FAR AS DONATIONS being less than MEDICAID???? HEY dummy! Who pays for MEDICAID???
WE all do including the wealthy. MEDICAID is not a CHARITY!
FACT: Donations from America's individuals, estates, foundations and corporations reached an estimated $373.25 billion in 2015, setting a record for the second year in a row, reports Giving USA 2016: The Annual Report on Philanthropy for the Year 2015, released today.Jun 13, 2016
Any corp paying 15% taxes doesn't have good lobbyists getting them subsidies and credits.
My accountant told me years ago, corps don't really pay taxes the way individuals do… they are able to offset tax liabilities through depreciation, tax credits, and industry specific tax breaks -- or massive corporate handouts.
Farm subsidies..
Oil, gas, energy subsidies…
Transportation subsidies…
The list of corps and industries with their hand out every year is huge… So much for a "free market"….
And when banks and a major insurance company fucked up so bad they were about to go belly up… We just bailed them out.
Moral Hazard: when one person takes more risks because someone else bears the cost of those risks.
There are piles of evidence and examples where reducing taxation on individuals and business stimulates economic growth which increases revenues.The average effective tax rate for corporations is about 12.5%. So if you're keeping all the deductions and loopholes, as this plan does, how are you increasing revenues by lowering the tax rate? Magic trickle-down? Come on. We've been through this already.
Of course lefties deny this. They do so because left wingers believe all things should funnel through government. They believe that individuals and business cannot be trusted with their own money. They abhor the idea of individual achievement and success. They screech in denial that Americans can indeed work themselves out of poverty and rise the economic ladder
You want dependency on government in order to give democrats a permanent lock on Washington.
And all of the above is why your side keeps losing Federal and State seats.
There is no evidence whatsoever that tax cuts increase revenues. In fact the opposite is true. That's why Reagan increased taxes in the years following his famous rewrite of the tax code.
The only reason revenues appeared to increase after Reagan's tax cuts is that he went on a military spending spree which created a massive deficit. It was the tax revenues created by that deficit spending which goosed revenues. The same can be said for W's tax cuts.
Both Reagan and W were handed a balanced budget with no deficits when they came to power, both cut taxes and both created the largest deficits in American history (to that point). If tax cuts increased revenues, how did these deficits happen?
Right wingers believe all of this shit about cutting taxes that just isn't true. Tax cuts don't pay for themselves, they don't increase jobs and they don't increase revenues.
The myth that Reagan created massive numbers of jobs is just that - a myth. Carter created more jobs than Reagan, as did Clinton and Obama. W's economy lost more jobs than it created.
YOU WANT EVIDENCE?????
Below are the RECEIPTS and NOT AFTER the tax cuts went into effect... REVENUE Increased for 4 straight years!!!
Plus people like you NEVER NEVER consider that the PAYROLL taxes that employers pay are TAXES!!!!
SO idiots like you don't seem to comprehend that when employers HIRE more people, MORE payroll taxes are PAID by the employer!
DO YOU understand?? Employers match dollar for dollar what the employee payroll tax is i.e. 6.2% of payroll. So when employers are able to hire MORE people
because they don't have to pay as much as 35% of their nets in taxes they are actually hiring more people ....hence paying more TAXES!!!
View attachment 147647
There are piles of evidence and examples where reducing taxation on individuals and business stimulates economic growth which increases revenues.The average effective tax rate for corporations is about 12.5%. So if you're keeping all the deductions and loopholes, as this plan does, how are you increasing revenues by lowering the tax rate? Magic trickle-down? Come on. We've been through this already.
Of course lefties deny this. They do so because left wingers believe all things should funnel through government. They believe that individuals and business cannot be trusted with their own money. They abhor the idea of individual achievement and success. They screech in denial that Americans can indeed work themselves out of poverty and rise the economic ladder
You want dependency on government in order to give democrats a permanent lock on Washington.
And all of the above is why your side keeps losing Federal and State seats.
There is no evidence whatsoever that tax cuts increase revenues. In fact the opposite is true. That's why Reagan increased taxes in the years following his famous rewrite of the tax code.
The only reason revenues appeared to increase after Reagan's tax cuts is that he went on a military spending spree which created a massive deficit. It was the tax revenues created by that deficit spending which goosed revenues. The same can be said for W's tax cuts.
Both Reagan and W were handed a balanced budget with no deficits when they came to power, both cut taxes and both created the largest deficits in American history (to that point). If tax cuts increased revenues, how did these deficits happen?
Right wingers believe all of this shit about cutting taxes that just isn't true. Tax cuts don't pay for themselves, they don't increase jobs and they don't increase revenues.
The myth that Reagan created massive numbers of jobs is just that - a myth. Carter created more jobs than Reagan, as did Clinton and Obama. W's economy lost more jobs than it created.
YOU WANT EVIDENCE?????
Below are the RECEIPTS and NOT AFTER the tax cuts went into effect... REVENUE Increased for 4 straight years!!!
Plus people like you NEVER NEVER consider that the PAYROLL taxes that employers pay are TAXES!!!!
SO idiots like you don't seem to comprehend that when employers HIRE more people, MORE payroll taxes are PAID by the employer!
DO YOU understand?? Employers match dollar for dollar what the employee payroll tax is i.e. 6.2% of payroll. So when employers are able to hire MORE people
because they don't have to pay as much as 35% of their nets in taxes they are actually hiring more people ....hence paying more TAXES!!!
View attachment 147647
Idiots like you fail to realize that it wasn't the tax cuts that lead to the hiring and the increased tax revenues IT WAS THE INCREASE IN GOVERNMENT SPENDING which fuelled both job creation and revenues.
GOVOERNMENT SPENDING INCREASES JOBS AND REVENUE, not tax cuts.
Assume there was a Federal tax of 100% on everything,i.e. income, profits, dividends, interest...everything. What would happen?
There are piles of evidence and examples where reducing taxation on individuals and business stimulates economic growth which increases revenues.The average effective tax rate for corporations is about 12.5%. So if you're keeping all the deductions and loopholes, as this plan does, how are you increasing revenues by lowering the tax rate? Magic trickle-down? Come on. We've been through this already.
Of course lefties deny this. They do so because left wingers believe all things should funnel through government. They believe that individuals and business cannot be trusted with their own money. They abhor the idea of individual achievement and success. They screech in denial that Americans can indeed work themselves out of poverty and rise the economic ladder
You want dependency on government in order to give democrats a permanent lock on Washington.
And all of the above is why your side keeps losing Federal and State seats.
There is no evidence whatsoever that tax cuts increase revenues. In fact the opposite is true. That's why Reagan increased taxes in the years following his famous rewrite of the tax code.
The only reason revenues appeared to increase after Reagan's tax cuts is that he went on a military spending spree which created a massive deficit. It was the tax revenues created by that deficit spending which goosed revenues. The same can be said for W's tax cuts.
Both Reagan and W were handed a balanced budget with no deficits when they came to power, both cut taxes and both created the largest deficits in American history (to that point). If tax cuts increased revenues, how did these deficits happen?
Right wingers believe all of this shit about cutting taxes that just isn't true. Tax cuts don't pay for themselves, they don't increase jobs and they don't increase revenues.
The myth that Reagan created massive numbers of jobs is just that - a myth. Carter created more jobs than Reagan, as did Clinton and Obama. W's economy lost more jobs than it created.
YOU WANT EVIDENCE?????
Below are the RECEIPTS and NOT AFTER the tax cuts went into effect... REVENUE Increased for 4 straight years!!!
Plus people like you NEVER NEVER consider that the PAYROLL taxes that employers pay are TAXES!!!!
SO idiots like you don't seem to comprehend that when employers HIRE more people, MORE payroll taxes are PAID by the employer!
DO YOU understand?? Employers match dollar for dollar what the employee payroll tax is i.e. 6.2% of payroll. So when employers are able to hire MORE people
because they don't have to pay as much as 35% of their nets in taxes they are actually hiring more people ....hence paying more TAXES!!!
View attachment 147647
Idiots like you fail to realize that it wasn't the tax cuts that lead to the hiring and the increased tax revenues IT WAS THE INCREASE IN GOVERNMENT SPENDING which fuelled both job creation and revenues.
GOVOERNMENT SPENDING INCREASES JOBS AND REVENUE, not tax cuts.
Explain something then.
Assume there was a Federal tax of 100% on everything,i.e. income, profits, dividends, interest...everything. What would happen?
There are piles of evidence and examples where reducing taxation on individuals and business stimulates economic growth which increases revenues.
Of course lefties deny this. They do so because left wingers believe all things should funnel through government. They believe that individuals and business cannot be trusted with their own money. They abhor the idea of individual achievement and success. They screech in denial that Americans can indeed work themselves out of poverty and rise the economic ladder
You want dependency on government in order to give democrats a permanent lock on Washington.
And all of the above is why your side keeps losing Federal and State seats.
There is no evidence whatsoever that tax cuts increase revenues. In fact the opposite is true. That's why Reagan increased taxes in the years following his famous rewrite of the tax code.
The only reason revenues appeared to increase after Reagan's tax cuts is that he went on a military spending spree which created a massive deficit. It was the tax revenues created by that deficit spending which goosed revenues. The same can be said for W's tax cuts.
Both Reagan and W were handed a balanced budget with no deficits when they came to power, both cut taxes and both created the largest deficits in American history (to that point). If tax cuts increased revenues, how did these deficits happen?
Right wingers believe all of this shit about cutting taxes that just isn't true. Tax cuts don't pay for themselves, they don't increase jobs and they don't increase revenues.
The myth that Reagan created massive numbers of jobs is just that - a myth. Carter created more jobs than Reagan, as did Clinton and Obama. W's economy lost more jobs than it created.
YOU WANT EVIDENCE?????
Below are the RECEIPTS and NOT AFTER the tax cuts went into effect... REVENUE Increased for 4 straight years!!!
Plus people like you NEVER NEVER consider that the PAYROLL taxes that employers pay are TAXES!!!!
SO idiots like you don't seem to comprehend that when employers HIRE more people, MORE payroll taxes are PAID by the employer!
DO YOU understand?? Employers match dollar for dollar what the employee payroll tax is i.e. 6.2% of payroll. So when employers are able to hire MORE people
because they don't have to pay as much as 35% of their nets in taxes they are actually hiring more people ....hence paying more TAXES!!!
View attachment 147647
Idiots like you fail to realize that it wasn't the tax cuts that lead to the hiring and the increased tax revenues IT WAS THE INCREASE IN GOVERNMENT SPENDING which fuelled both job creation and revenues.
GOVOERNMENT SPENDING INCREASES JOBS AND REVENUE, not tax cuts.
Explain something then.
Assume there was a Federal tax of 100% on everything,i.e. income, profits, dividends, interest...everything. What would happen?
So what you're saying is that you have no intelligent or thoughtful response so you're going to be an idiot.
You've got nothing. Your surrender is accepted.
You've given up because YOU insist that the evil wealthy people want tax cuts!
OK so let's make EVERYONE pay 100% income tax!
You bitch and moan about tax cuts... OK so let's raise the tax rate to say 100%!
She and her ilk are just plain dumb when it comes to economics and how the market works and why capitalism depends on "profits"!
For example..."evil wealthy people want tax cuts". And I'm asking her then what percentage is acceptable...100%... 90%... 70%?
want the "evil" wealthy people to pay? Dragnonlady and her ilk evidently don't know that major companies like Apple have moved nearly $3 trillion off shore because the USA's onerous corporate tax rate is 3rd highest in the world. And they would be paying that if they didn't move the money offshore... so they don't pay 35%!
You've given up because YOU insist that the evil wealthy people want tax cuts!
Of course they want tax cuts...that's why they're sticking with Trump despite his obvious racism and corruption. Which makes the Republicans using Trump to advance their pathetic agenda complicit in everything Trump does. So if Trump goes down, he takes all Conservatives down with him.
OK so let's make EVERYONE pay 100% income tax!
The only one proposing that is you.
You bitch and moan about tax cuts... OK so let's raise the tax rate to say 100%!
Why did you choose 100%? Why not 50% or 75%? You know, what most economists say the top tax rate should be.
Yes... what it was after WWII when there was a war going on!
In 1946, the highest-bracket rate was cut to 86.45% from 94%.
Yut the vast majority of you anti-capitalist, socialist believe what your Krugmans,Keynesians believe versus a smaller number of logical rational economists
like Art Laffer believe in free enterprise or at least a modicum of freer then the above!
And the problem is you guys look at the Federal government as the measurement!
When in reality EVERY depression/recession happens because idiot anti-capitalists like you insist on more rules and regulations. More government interference.
You just think you know better then everyone else!
You just think you know better then everyone else!
