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re: Deficits are up. How is this conservatism?
Posted on 3/6/19 at 7:23 pm to Taxing Authority
Posted on 3/6/19 at 7:23 pm to Taxing Authority
quote:
Ooooh looky here. A single variable model for the entire economy. and you’re complaining about inflation being left out?
you got another explanation when tax revenues otherwise always grow with the economy?
oh, and we're not modeling "the entire economy" here. the variable being discussed is tax revenues. there aren't many variables that drive that. you pretty much have: tax rate and taxable base. the taxable base grows in real terms, yet tax revenues don't even grow in nominal terms. oh, what a conundrum
This post was edited on 3/6/19 at 7:26 pm
2
Posted on 3/6/19 at 7:29 pm to 90proofprofessional
quote:Nope. But it’s not my claim. Not my burden to explain.
you got another explanation when tax revenues otherwise always grow with the economy?
quote:Ypure assertion is that the growing economy and rates (on a portion of revenues) are the only causal variables. It’s your claim. Don’t ask me to prove it for you.
oh, and we're not modeling "the entire economy
Your assertion is equivalent to “the ghost proof”. You hear a sound at night. You don’t know what caused it, so you can’t prove it wasn’t a ghost. This... ghosts are real, and now you have evidence!! You heard it!! Your ignorance isn’t proof of anything.
This post was edited on 3/6/19 at 7:39 pm
Posted on 3/6/19 at 7:35 pm to 90proofprofessional
quote:
the variable being discussed is tax revenues. there aren't many variables that drive that. you pretty much have: tax rate and taxable base. the taxable base grows in real terms, yet tax revenues don't even grow in nominal terms. oh, what a conundrum
ypuve left off a ton of things. For example CAPX, which reduces the current tax liabilities, for future growth and revenues. You left off the money repatriated that’s going right back into working capital. You’re leaving off capital good purchases end up with an increasing a company’s depreciation base thus, reducing current tax liabilities. I could go on for days... but really I’ve already exposed you as an unthoughtful simpleton. This post was edited on 3/6/19 at 7:38 pm
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