Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan | Page 3 | TigerDroppings.com

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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Your shtick of trying to come off as some economic genius is also comical. Weren't you supposed to link some grand post about Romney's tax plan for SFP earlier this morning?

And is that the same post you were supposed to make about the comparison between Obama's and Romney's economic policies, except that you just work so hard you had to research and get back to everyone at a later date?

Is that what you are doing right now? Trying to find some article to give you your next point to make? I assume the constant personal attacks are original thoughts.


You are right. I just got owned. I failed.








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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Hey Miami...you've seemed stressed as of late. What's up? You usually take time to help me with questions I have over here so you're one of my favorite Auburn posters.


I am stressed. And working and taking time to post is my fault and what is stressing me more.

I try to do better later all though the first few posts I made in this thread were accurate and the first one was a point by point rebuttle that was worthwhile.






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RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
24138 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

You are arguing the tax cuts resulted in record tax revenues.


Umm it is true and..................







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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
9379 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Princeton Economist or Tiger N Miami. Who do I trust more.

Tough call...






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notslim99
LSU Fan
City of Bossier City
Member since Feb 2005
3656 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

And I am certain that there are posters who are reading this discussion and realize the fallacy of trying to claim the Bush Tax Cuts resulted in record tax receipts, when in fact they resulted in a net decrease to tax receipts.


I don't think anyone here has claimed that Bush's tax cuts resulted in record-breaking revenue, but your claim that tax receipts were reduced is false.

quote:

Tax revenues in 2006 were 18.4 percent of gross domestic product (GDP), which is actually above the 20-year, 40-year, and 60-year historical averages.[1] The inflation-adjusted 20 percent tax revenue increase between 2004 and 2006 represents the largest two-year revenue surge since 1965-1967


LINK







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Srbtiger06
USA Fan
Buga Nation
Member since Apr 2006
21790 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


I think Miami is the gman of the economy.





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Born to be a Tiger
LSU Fan
Somewhere lost in Texas
Member since Jan 2008
2523 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

What percentage of middle class families itemize vs take the standard deduction?


Posted by Tiger n Miami AU83
quote:

100% of homeowners in the U.S.


You are a liar and you think too highly of yourself. I hope you do not take care of other peoples money. I have yet to use the itemized section because it does not work to my advantage. Maybe it is because I bought a house based off of a one income earner so as to be prepared if something goes bad and I would not lose my house. 21 years later and now only one income earner we still have a place to call home. I guess I just had better parents than most who cared enough to teach fiscal responsability.

Unless you are saying that 100% of homeowners use either one or the other while filling their taxes. Then you would be wrong again because not all middle class workers file a tax return.

But we should trust you because your socialist math are superior to Mitts capitalist math.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

quote:


And I am certain that there are posters who are reading this discussion and realize the fallacy of trying to claim the Bush Tax Cuts resulted in record tax receipts, when in fact they resulted in a net decrease to tax receipts.




I don't think anyone here has claimed that Bush's tax cuts resulted in record-breaking revenue, but your claim that tax receipts were reduced is false.


quote:


Tax revenues in 2006 were 18.4 percent of gross domestic product (GDP), which is actually above the 20-year, 40-year, and 60-year historical averages.[1] The inflation-adjusted 20 percent tax revenue increase between 2004 and 2006 represents the largest two-year revenue surge since 1965-1967




LINK


That is not my argument. My argument is as follows:

The BTCs did NOT result is sufficient economic growth by themselves to make up for the revenue that was lost as a result of them. This is what is commonly referred to as tax cuts that pay for themselves.

So, GDP would have had to have grown as the sole result of the cuts by an amount that tax revenues which resulted from the additional growth alone made up for 100% of the tax revenue which was not collected as a result of the cuts.

In other words, a net tax benefit soley due to the cuts.

A lot of you seem to think this was the case. IE the bush tax cuts were good SPECIFICALLY because they resulted in more NET tax revenue than we would have had without them. Again, that was NOT the case and no one educated on the matter has ever claimed it was. Not Bush, not his chief economic policy advisors, not the GOP as a whole, no one that understands the concept of tax cuts "paying for themselves".

Please try to understand the argument being made here...






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Born to be a Tiger




Just go away. You are really not worth the time.

Anyway, I will correct my 100% statement. Anyone who has a mortgage that pays interest which is greater than the standard deduction ($5800 for individually this year) itemizes.






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ArkBengal
LSU Fan
Benton, AR
Member since Aug 2004
1024 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


You might want to check the GDP growth as well as several other "assumptions" the Dems used to portray Obamacare as costing under a trillion. I believe their growth forecast was higher than 2.29%. unfortunately, the CBO was bound to use their "assumptions" in their review even when common sense dictated otherwise.





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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:


You might want to check the GDP growth as well as several other "assumptions" the Dems used to portray Obamacare as costing under a trillion. I believe their growth forecast was higher than 2.29%. unfortunately, the CBO was bound to use their "assumptions" in their review even when common sense dictated otherwise.


Sounds like a different topic of discussion to me. And one I am not familiar with, so won't comment on.






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Coastietiger
LSU Fan
Baton Rouge
Member since Aug 2007
390 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


They are saying he went back on his word. Saw it just now on fox.





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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Well since no one was able to find anything saying the BTCs paid for themselves and did not ultimately cost us tax revenues, I am going to assume everyone now understands the argument that was being made.

Thank god.






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ArkBengal
LSU Fan
Benton, AR
Member since Aug 2004
1024 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Point is they were using a higher GDP growth rate than Romney's plan, so obviously his must be acheivable





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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Point is they were using a higher GDP growth rate than Romney's plan, so obviously his must be acheivable


What exactly is the growth rate necessary with Romney's plan AFTER we go ahead and eliminate every itemized deduction (which will never happen by the way)?






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Roaad
LSU Fan
Bushrod Owns
Member since Aug 2006
52634 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan

Obama's lies don't count.






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tigernchicago
LSU Fan
Illinois
Member since Sep 2003
3943 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Princeton Economist or Tiger N Miami. Who do I trust more.

Tough call...



I would be willing to bet Tiger N Miami has NOTHING to do with the Von Mises Institute at Auburn, AL.

The Von Mises Institute is a conservative economic think tank, btw.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


I would bet you are correct sir.

Oh, and the answer to the question is trust

<---- this guy.






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
40663 posts
 Online 

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

this guy.


yes. Because you obviously have more knowledge, pedigree, and experience than a Princeton Professor.







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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
35782 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:


yes. Because you obviously have more knowledge, pedigree, and experience than a Princeton Professor.


You have a point.

When it comes to taxes though....

I might be worth trusting.






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