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Message
re: Tax revenues hit all time high for FY 2014
Posted on 8/15/14 at 7:22 pm to Powerman
Posted on 8/15/14 at 7:22 pm to Powerman
This has been the most shitass recovery we have had since the Great Depression. Nothing this admin has done has helped shite. If they actually were successful they wouldn't be about to get their asses handed to them in the fall and hillary wouldn't be sprinting away from obama as fast as she can.
0
Posted on 8/15/14 at 7:48 pm to Powerman
quote:
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
No, everyone has argued that claiming that the current deficit is not bad because it isn't as bad as it could ever be is a completely idiotic argument.
Posted on 8/15/14 at 8:02 pm to Powerman
quote:Dang. I totally missed it. Can you point the arguments made for higher deficits in this thread?
Obviously higher deficits are worse, nobody has argued otherwise.
---------------
Clearly they have argued otherwise.
This post was edited on 8/15/14 at 8:03 pm
Posted on 8/16/14 at 12:04 am to Powerman
quote:
I thought that when rates go up revenues went down and vice versa?
Not only that - OBAMACARE WAS THE LARGEST TAX HIKE IN US HISTORY.
Remember that one?
Funny how righties swear up and down raising taxes will lower revenue - then Obama passes what they claim to be the LARGEST TAX HIKE IN HISTORY - and revenues go up!
Posted on 8/16/14 at 6:15 am to SpidermanTUba
Just a question , has Obamacare been fully implemented yet?
Posted on 8/16/14 at 6:34 am to S.E.C. Crazy
quote:
Same money if kept in the hands of TAXED TO DEATH men would be used for JOB CREATION.
no, it wouldn't
Posted on 8/16/14 at 7:22 am to SpidermanTUba
When you can't argue with the facts, attack the source and result to off-topic attacks.
But but what about this!!!
But but what about this!!!
Posted on 8/16/14 at 7:37 am to Gladius Veritas
quote:Of course it would.
Same money if kept in the hands of TAXED TO DEATH men would be used for JOB CREATION.
no, it wouldn't
As already stated, if we eliminated corporate taxes completely (i.e., lowered them to 0%), it would have a profound economic effect. It would certainly lead to GDP growth and job creation. There is virtually no question overall tax revenues would increase in that scenario.
Posted on 8/16/14 at 8:25 am to fleaux
quote:
Just a question , has Obamacare been fully implemented yet?
Just a question - does the market wait for laws to go into effect before responding to them (yes when it suits you - no when it doesn't)
Posted on 8/16/14 at 8:26 am to The Pirate King
quote:
When you can't argue with the facts, attack the source and result to off-topic attacks.
The OP is about tax revenues being at all time highs despite raises in taxes.
Are you saying ObamaCare wasn't the LARGEST TAX HIKE IN HISTORY ?
Posted on 8/16/14 at 9:14 am to SpidermanTUba
I seem to remember reading where Obamacare taxes steers front loaded and the costs would be down the road .
We are paying a lot of taxes now for Obamacare and the bills haven't come in yet thus the deficit was lowered as predicted.
I believe it is predicted to rise once the costs start hitting the books in full force.
We are paying a lot of taxes now for Obamacare and the bills haven't come in yet thus the deficit was lowered as predicted.
I believe it is predicted to rise once the costs start hitting the books in full force.
Posted on 8/16/14 at 12:24 pm to NC_Tigah
quote:
There is virtually no question overall tax revenues would increase in that scenario.
virtually as in doesn't really exist?Posted on 8/16/14 at 3:19 pm to Tigah in the ATL
quote:Any interest in pursuing that thought seriously?
There is virtually no question overall tax revenues would increase in that scenario.
virtually as in doesn't really exist?
Might be an interesting exercise for folks who consider taxes independently from economics.
Posted on 8/16/14 at 5:06 pm to Powerman
Powerman...hypothetically (of course), if the USgov ran, let's say, a $50billion surplus, what would your opinion be as to what should be done with those funds?
Posted on 8/16/14 at 5:11 pm to NC_Tigah
quote:sure.
Any interest in pursuing that thought seriously?
We would need to know what revenues were from corporate taxes to start.
You may be right, but "virtually no question" is just a silly statement.
Posted on 8/17/14 at 8:52 am to S.E.C. Crazy
quote:
Same money if kept in the hands of TAXED TO DEATH men would be used for JOB CREATION.
So how is it that money being given to lazy bastards does not create jobs? As long as the money is not somehow destroyed the lazy bastards are going to spend it at the businesses of the "TAXED TO DEATH" men so where is the loss?
Ya'll put WAAAAAYYYYYY to much emphasis on this idea....and it is a big part of the demise of the right and traditional conservative ideology....ya'll have been preaching this as the gospel for about 35 years now and it has never been correct...not once. Of course someone will point out that at 100% of taxation there would be 0 revenue which proves that any taxation is detrimental to revenue growth...erroneously.
If you look at the premise for this idea and study the curve you will notice that revenues go up as taxation goes up to a point...assuming that this curve is correct why is it that no one on the right is able to admit that increased taxation can lead to an increase in revenue??? All of the energy that the right spends trying to spread the lie that any taxation leads to a decrease in revenue is energy that could be spent making certain that taxation stays in the "sweet spot" where revenues are maxed out and taxation is kept as low as possible...since tax rates are at historical lows at the federal lever it makes sense that we are too far away from the apex of the curve to the left and not maximizing the amount of revenue collected....but of course when you say that any taxation at all is detrimental to revenue you cann never get to the truth...and that is the point of the rights refusal to acknowledge the true effects of taxation on revenue....
Posted on 8/17/14 at 8:54 am to RidiculousHype
so where on the curve are we? If revenue is going up we must be on the left hand side of the curve, right? Are we at the apex of the curve? No one knows because all we ever hear is that any tax increase is bad....
Posted on 8/17/14 at 9:21 am to germandawg
quote:It certainly can.
why is it that no one on the right is able to admit that increased taxation can lead to an increase in revenue???
quote:Fewer entrepreneurs/fewer enterprises = lower velocity of money.
So how is it that money being given to lazy bastards does not create jobs? As long as the money is not somehow destroyed the lazy bastards are going to spend it at the businesses of the "TAXED TO DEATH" men so where is the loss?
Posted on 8/17/14 at 1:22 pm to NC_Tigah
quote:
Fewer entrepreneurs/fewer enterprises = lower velocity of money.
Why are there fewer entrepreneurs?
Posted on 8/17/14 at 2:39 pm to germandawg
Compliance costs.
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