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re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/13/19 at 11:37 am to wickowick
Posted on 2/13/19 at 11:37 am to wickowick
quote:
I would also like to point out that the democrats took control of Congress in 2006.
Think of how we would be doing if we correctly taxed offshore money, didn't have a 20 year long War, and didn't make a gigantic tax cut for corporations in the United States. Pretty sure it's more than a drop in the bucket
2
Posted on 2/13/19 at 11:42 am to Ebbandflow
quote:
Think of how we would be doing if we correctly taxed offshore money, didn't have a 20 year long War, and didn't make a gigantic tax cut for corporations in the United States. Pretty sure it's more than a drop in the bucket
For the past 70+ years, the US tax receipts average out to about 18.5%. Taxing more doesn't increase the percent and taxing less doesn't either. If you want to increase tax receipts you have to grow the GDP. It isn't rocket science.
Posted on 2/13/19 at 1:45 pm to Ebbandflow
quote:Go here. Learn something.
Think of how we would be doing if we correctly taxed offshore money, didn't have a 20 year long War, and didn't make a gigantic tax cut for corporations in the United States.
LINK
The first 13 years of the GWOT only amounted to $160B/yr.
We don't tax "offshroe money" for the same reason people in Lousiana don't pay property and income taxes to California.
They hype doesn't live up to the math.
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