re: Tax revenues hit all time high for FY 2014

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Oh, I promise you had Obama eliminated the deficit entirely, these same arse hats would say "But we're $17t in debt - eliminating the deficit is nothing. He hasn't done squat about the real problem".

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Well Obama did promise to cut the deficit in half by the end of the first term... I would give satan himself credit for accomplishing that!

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Yeah I'm sure the government having more of our money to waste is really a good thing. Silly us for thinking otherwise.

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So if they took in 400 billion dollars less and still spent the same amount would that be better or worse than what actually happened?

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So if they took in 400 billion dollars less and still spent the same amount would that be better or worse than what actually happened?

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Why is that the only option?

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If you're afraid to provide an answer, happily move the frick along

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Why are you getting so testy?

It is a hypothetical question that is irrelevant, even to his comment.

Obviously higher deficits are worse, nobody has argued otherwise.

However, his point is that there is no reason to trumpet the fact that tax receipts are at an all time high, seeing that maximizing tax revenue is a seemingly silly goal.

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Obviously higher deficits are worse, nobody has argued otherwise.

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Clearly they have argued otherwise.

I said that a 460 billion dollar deficit is a good thing compared to a 600 billion dollar deficit and it was laughed off as nonsense

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So if they took in 400 billion dollars less and still spent the same amount would that be better or worse than what actually happened?

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It would depend on trajectory of the economy, wouldn't it.

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Being $460,000 in debt is better than being $600,000 in debt, but neither is a "good thing"

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But it's extremely easy to see which one is better than the other.

We could be doing much worse fiscally. And likely would be if a lot of the "all taxes are theft" crowd had their way.

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But all other things equal, having 400 billion dollars less revenue probably wouldn't point toward anything good for the economy. This is obvious.

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Not obvious at all.
In fact, if we eliminated corporate taxes altogether, it would have a profound future economic effect. It would also amount to far less than $400Bn on a tax basis.

When

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the cap gains tax was set to increase, thinking the beginning of 2013. Remember when no tax deal was done until after Jan. 1, and everyone was selling assets to use the 15% tax rate instead of what was being propose (and now is law)? Now if you earn more than $250k of ordinary income, you pay 20% cap gains tax PLUS 3.8% net investment income tax. 23.8%! PLUS the ordinary income tax bracket went back to the draconian Clintonian era with a 39.6% high, from what was a high of 35%.

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A lot of assets were sold prior to 12/31/12, and tax revenues were the highest in recorded history. Scare the masses, and they respond.

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Please don't confuse them with the facts. And if I remember correctly several well known Leftists during a previous Democrat Administration, unloaded their stuff just before a tax increase was scheduled to go into effect.