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re: Tax revenues hit all time high for FY 2014Posted by GoCrazyAuburn on 8/15/14 at 1:11 pm to Powerman
quote:
Not when you compare it to a 600 billion dollar deficit
no, it is still a bad thing.
re: Tax revenues hit all time high for FY 2014Posted by Powerman on 8/15/14 at 1:11 pm to Taxing Authority
quote:
what rates have gone up?
You would think someone with the handle "taxing authority" wouldn't need to ask such a question.
quote:
If anything this data show Romney was right. A healthy(er) economy is the best way to raise revenues.
So the economy is healthy now?
re: Tax revenues hit all time high for FY 2014Posted by GoCrazyAuburn on 8/15/14 at 1:12 pm to Powerman
quote:
So the economy is healthy now?
"(er)"
re: Tax revenues hit all time high for FY 2014Posted by Powerman on 8/15/14 at 1:12 pm to GoCrazyAuburn
quote:
no, it is still a bad thing.
Everything is relative. Having 500 dollars in credit card debt could be considered a bad thing. But it's better than having 50,000.
re: Tax revenues hit all time high for FY 2014Posted by Taxing Authority on 8/15/14 at 1:14 pm to mmcgrath
quote:Which has nothing to do with what I said... but... congrats on the strawman?
Yeah, because Romney was the only guy to predict that a healthy economy is good.
re: Tax revenues hit all time high for FY 2014Posted by GoCrazyAuburn on 8/15/14 at 1:14 pm to Powerman
quote:
Everything is relative. Having 500 dollars in credit card debt could be considered a bad thing. But it's better than having 50,000.
Yes, but that doesn't make it not a bad thing. It is still a bad thing, just not as bad as is in the realm of possibility.
Hitler killed a lot of Jews, but he didn't kill all of them. That doesn't make it not bad.
re: Tax revenues hit all time high for FY 2014Posted by Holden Caulfield on 8/15/14 at 1:15 pm to Powerman
quote:
Everything is relative.
That type of thinking is half the problem. Losing an arm is bad but it's not as bad as losing both arms. Thing is, the comparrison doesn't actually make the first loss of an arm any better.
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re: Tax revenues hit all time high for FY 2014Posted by Taxing Authority on 8/15/14 at 1:15 pm to Powerman
quote:
Not when you compare it to a 600 billion dollar deficit
re: Tax revenues hit all time high for FY 2014Posted by Radiojones on 8/15/14 at 1:16 pm to Powerman
Why would it ever be a good thing that a government is taking more from it's citizens?
quote:
I thought that when rates go up revenues went down and vice versa? Isn't that the narrative here? Why didn't it happen?
find a post citing that an increase in rates results in a decline in revenue over the short term. go on, ill wait.
while im waiting, heres a downvote.
re: Tax revenues hit all time high for FY 2014Posted by Taxing Authority on 8/15/14 at 1:17 pm to Powerman
quote:You made the claim in the OP so... let's have it.
You would think someone with the handle "taxing authority" wouldn't need to ask such a question.
quote:Perhaps you missed the (er). There are still significant weaknesses in CAPEX, employment, housing, and of course government debt.
So the economy is healthy now?
quote:
So you are in fact a Simpleton.
Not hardly.
The 460 billion dollar deficit is the lowest we've had since 2002 in terms of real dollars. In other words the last 6 years of Bush's presidency ALL had higher deficits than the one that we have now.
Think about that for a second. In terms of real dollars, not inflation adjusted dollars, the deficit for fiscal year 2014 is LOWER than the deficit for fiscal year 2003 (555 billion)
So we have a deficit that is 100 billion dollars less than the one that we had 11 years ago and you guys think that relative comparison mean nothing all of a sudden?
re: Tax revenues hit all time high for FY 2014Posted by GoCrazyAuburn on 8/15/14 at 1:19 pm to Powerman
quote:
The 460 billion dollar deficit is the lowest we've had since 2002 in terms of real dollars. In other words the last 6 years of Bush's presidency ALL had higher deficits than the one that we have now.
Think about that for a second. In terms of real dollars, not inflation adjusted dollars, the deficit for fiscal year 2014 is LOWER than the deficit for fiscal year 2003 (555 billion)
So we have a deficit that is 100 billion dollars less than the one that we had 11 years ago and you guys think that relative comparison mean nothing all of a sudden?
Our first Bush reference!!
re: Tax revenues hit all time high for FY 2014Posted by Taxing Authority on 8/15/14 at 1:19 pm to Powerman
quote:Nope.
In other words the last 6 years of Bush's presidency ALL had higher deficits than the one that we have now.
I don't like Obama. I like facts. Fact is the deficits now are lower than they were over a decade ago in terms of real dollars. That's a significant and very relevant number. And if the trend can continue downward that's a very good thing.
re: Tax revenues hit all time high for FY 2014Posted by Powerman on 8/15/14 at 1:24 pm to Radiojones
quote:
Why would it ever be a good thing that a government is taking more from it's citizens?
Because that would suggest that there is an improvement in economic activity. And we have a national debt that we need to mitigate to some degree.
Now if you have any other extremely stupid fricking questions, please ask someone else.
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