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re: WSJ editorial board: income tax receipts up 8% from last year

Posted on 8/13/18 at 6:24 pm to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/13/18 at 6:24 pm to
quote:

I said virtually impossible

you said there was virtually no way to do this, which is wrong, as i explained briefly but sufficiently to answer you in the very post you're responding to
quote:

And some facts I'd like to post whenever you come up with the modeling I say is impossible to come up with.

you want me to write and estimate a dynamic tax model for the US for you? obviously that work ain't cheap. you sure?
This post was edited on 8/13/18 at 6:26 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10628 posts
Posted on 8/13/18 at 6:27 pm to
No, you didn't. And if you did, explain it to me like I'm a 10th grader.

You always ask me for links. Go ahead and link where you answered my inquiry sufficiently.

And then when you are through with that, if it is so easy, go ahead and show me what tax receipts would look like backing out increased economic activity due to the tax cut, based on pre tax cut rates.

But the conclusion is that this argument is ridiculous. Tax cuts can pay for themselves if a long enough time period is allowed. In a vacuum.

Newsflash. Nothing happens in a vacuum.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
140659 posts
Posted on 8/13/18 at 6:32 pm to
quote:

In response to someone posting
Though the reference was to income tax, here is a summary of overall tax revenue escalation and projection.

quote:

U.S. Tax Revenue by Year

FY 2019 (est.) - $3.42 trillion
FY 2018 (est.) - $3.34 trillion
FY 2017 - $3.32 trillion.
FY 2016 - $3.27 trillion.
FY 2015 - $3.25 trillion.
FY 2014 - $3.02 trillion.
FY 2013 - $2.77 trillion.
FY 2012 - $2.45 trillion.



This post was edited on 8/14/18 at 2:39 am
Posted by jnethe1
Pearland
Member since Dec 2012
18113 posts
Posted on 8/13/18 at 7:02 pm to
Man, just don’t try and argue with 90sprofessional. He doesn’t seek to prove any of his points, he just wants to try and be a childish shite throwing parasitic socialist. Apparently the lethargic economy during Obama’s entire presidency was attributable to bush, and now that things are going well it’s all due to obama. Yep, that’s right. Does this make any sense logically? Nope. But who cares. Obama is great, and taking money away from those who actually are making positive contributions to society (thus lessening their ability to make said positive contributions) and then giving it to those whom have never contributed to society results in more innovation and creativity (I have no idea how). This in turn makes the economy grow (again, this is total bull shite).
Posted by BBONDS25
Member since Mar 2008
60050 posts
Posted on 8/13/18 at 7:16 pm to
What are your thoughts on the commissioners proposed reg on 199A “professional services” exclusion?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10628 posts
Posted on 8/13/18 at 7:20 pm to
Our lobby just got clarification that we aren't considered a professional service.

But as far as I understand, my 20% deduction, as a single person, starts to go away after $157K taxable income.

But the clarification we received isn't very clear, and we are going back for another one.

Anyway, you didn't ask me, but you can probably help me out I'm guessing.
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 8/13/18 at 7:40 pm to
quote:

what if April receipts, primarily from tax year 2017, drove the real increase entirely?what if all components reflecting tax year 2018 activity were nominally flat or low, and in real terms slightly negative?
stop being coy. just come out and say obama created the recovery and trump is evil, like your usual nonsense
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 8/13/18 at 7:45 pm to
quote:

make a point or frick off
shut up loser. you and ib are the two worst economic posters on this board. no one is made fun of more than you two. and both of you have been ducking my posts for weeks so you aren't nearly as etough as you think you are
This post was edited on 8/13/18 at 10:55 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10628 posts
Posted on 8/13/18 at 7:52 pm to
Efight rules!

Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/14/18 at 10:20 am to
quote:

What are your thoughts on the commissioners proposed reg on 199A “professional services” exclusion?


as in thoughts on which services should/shouldn't be included? i don't know. in general i'm not even sure how i even feel about the exclusion in concept, nor have i researched its likely effectiveness at spurring real activity/investment as opposed to just being a windfall
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/14/18 at 10:23 am to
quote:

Go ahead and link where you answered my inquiry sufficiently.


you owe me like dozens of unanswered links, yet you feel entitled to demanding a link to something i stated in this actual thread? how about no

as an undeserved favor, i'll state this again: the answer to your question about estimating behavioral responses is by modeling that requires a good bit more deal(sic) data to construct and estimate. results can be sanity-checked by empirical work.
quote:

And then when you are through with that, if it is so easy, go ahead and show me what tax receipts would look like backing out increased economic activity due to the tax cut, based on pre tax cut rates.


i already said that effort is costly. why would you assume it is easy?

however, you're in luck with pre-TCJA baselines being available. CBO or CRFB can hook that up for you. i hope you don't mind doing your own homework though, since you brought all this up. i've given you a bit of a head start if you're really curious
quote:

But the conclusion is that this argument is ridiculous. Tax cuts can pay for themselves if a long enough time period is allowed. In a vacuum.

i'd probably agree, although i'd be curious about your view on what kind of time period you'd have in mind. and i'd add that for this to be true there'd need to be a matching spending cut at the front end
quote:

Newsflash. Nothing happens in a vacuum.

thanks for the insight. you're the one who always insists on that caveat though, not me. the beauty of that kind of model is that they can be constructed to allow for as many alternative scenarios and/or relaxed assumptions as you like, although it's pretty tough to build in tax code complexity

This post was edited on 8/14/18 at 10:25 am
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/14/18 at 10:28 am to
quote:

shut up loser.


quote:

no one is made fun of more than you two.

does it make you sad that your making fun bothers me about as much as a gnat that is 100 miles away?
quote:

you have been ducking my posts for weeks

i'm sure you've said nothing worth responding to, as per usual, but if you've said something new and i've missed it, by all means point the way
This post was edited on 8/14/18 at 10:28 am
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/14/18 at 10:31 am to
quote:

like your usual nonsense

LJL at you unironically linking THAT, where in the two following posts between you & me, you demonstrate unambiguously that you can't prove what you claim, and instead must appeal to a couple of googled articles that don't do so either

thanks for proving yourself wrong, i guess
This post was edited on 8/14/18 at 10:33 am
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 8/14/18 at 11:50 am to
quote:

you demonstrate unambiguously that you can't prove what you claim, and instead must appeal to a couple of googled articles that don't do so either
customary evasion. let us know when you're not scared to tackle the issue

also, hilarious use of the word unambiguously

also, it's not my claim genius.

also, it was 12 articles that had nothing to do with google
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/14/18 at 11:52 am to
guess i'll just post this here as well:

you might notice that the post you link has a response, from me. the substantive argument there is not addressed by you, ever. instead you appeal to articles that also do not prove what you claim.
Posted by bfniii
Member since Nov 2005
17840 posts
Posted on 8/14/18 at 2:10 pm to
quote:

you might notice that the post you link has a response, from me. the substantive argument there is not addressed by you, ever.
o really?

"substantive" all you did was repeat your stupid prior responses

quote:

nstead you appeal to articles that also do not prove what you claim.
1. it's not my claim.
2. prove that the 12 articles i cited do not substantiate the point

you suck
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 8/14/18 at 2:53 pm to
quote:

o really?

yeah. really. in this thread, just like the other, all you just did was link the post where you fail to address the substantive argument, exactly as i said you did.
quote:

1. it's not my claim.

you made it on your own. at this point, the claim itself probably deserves its own thread.

here, i'll help you by feeding the words of your argument back to you. warning: it cannot be substantiated as stated, because it claims that certain offices did things that they cannot do as a matter of fact:

there's no denying that the cbo and the wh monkeyed with obama's numbers.
quote:

2. prove that the 12 articles i cited do not substantiate the point


how about instead of just linking a bunch of things you just googled and acting like you've proven something that "there's no denying", you present the argument directly? (once you modify the argument to target the correct data-generating agencies of course)

if you want to prove that a systematic bias exists, do it correctly. don't cherry pick; look at the actual revisions, of which there are many. they're all there for the public to look at and analyze.

and then, if you can manage to do that, maybe then you can find a way to prove that there was some nefarious "monkeying" with the data. the kind of monkeying that would somehow make Obama look better than he should have.

if you want to act like what you have stated is proven true, as you have, this is what you need to do.

i've told you all of this before, and although you want to keep bringing the issue up, you seem to be too lazy or scared to actually look at the numbers that can tell you whether you're onto something. good luck with the analytical effort we all know you won't exert!
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