Higher taxes does NOT equal higher revenues: PROOF

[Covertibility]

A little dated but it labels when the tax cuts and hikes were implemented:

Source

Up to date tax revenue numbers: Tax Policy Center

Really, everyone knows cut taxes, cut revenues. Christ, even Laffer said so!

 

[Hombre]

Quote from jem:

1. When revenues are falling under the weight of a poor economic structure... you can't guess what revenues would have been under the current tax structure. You have to do something to make the people with the money invest in job creating businesses.

2. We are not here to generate max revenue for the govt... the govt is here to serve us.

as a side note...

3. deficit spending is a massive tax on americans, especially if you have tax structure which is regressive and also if we do not see incomes go up to match the debasing activity. Americans ares spending much larger amounts of their income on oil and food and rent.

We must lower taxes and lower spending.

100% CORRECT !!!

 

[Brass]

Quote from Covertibility:

A little dated but it labels when the tax cuts and hikes were implemented:

Source

Up to date tax revenue numbers: Tax Policy Center

Really, everyone knows cut taxes, cut revenues. Christ, even Laffer said so!

What you're doing is no different than trying to convince overweight "freedom fries" lovers that it's not good for them. And you're standing between them and their ketchup.

 

[jem]

Quote from Covertibility:

A little dated but it labels when the tax cuts and hikes were implemented:

Source

Up to date tax revenue numbers: Tax Policy Center

Really, everyone knows cut taxes, cut revenues. Christ, even Laffer said so!

what you are doing is feeding compost to the low liberals who do not even realize they are eating b.s.

we want tax revenue as a percent of gdp to go down. if you look at countries with big growth the govt sector is a much smaller part of the economy.

 

[Ricter]

Quote from jem:

what you are doing is feeding compost to the low liberals who do not even realize they are eating b.s.

we want tax revenue as a percent of gdp to go down. if you look at countries with big growth the govt sector is a much smaller part of the economy.

You are referring to this data?

http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

 

[Brass]

Looks like jem has some corn stuck in his teeth again.

 

[jem]

Quote from Ricter:

You are referring to this data?

http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

yes... look at countries who are growing... say china with countries like ours and the other developed countries who are stagnant or look at our history when we were growing.

 

[Covertibility]

Reagan! Reagan! Reagan!

Growth in per capita real GDP from 1950 to 1980: 2.2 percent per year

Growth in per capita real GDP from 1980 to 2007: 2.0 percent per year



Oh, and if we look at real median family income instead, we get:

Growth from 1950 to 1980: 2.3 percent per year
Growth from 1980 to 2007: 0.7 percent per year

----------

For some reason, the higher taxes incurred by those in the 1950-1980 period saw higher growth rates in GDP and real median family income than in the 1980-2007 period.

China, Qatar,etc.. are not growing specifically because of their lower tax rates....

 

[jem]

Quote from Covertibility:

Reagan! Reagan! Reagan!

Growth in per capita real GDP from 1950 to 1980: 2.2 percent per year

Growth in per capita real GDP from 1980 to 2007: 2.0 percent per year



Oh, and if we look at real median family income instead, we get:

Growth from 1950 to 1980: 2.3 percent per year
Growth from 1980 to 2007: 0.7 percent per year

----------





For some reason, the higher taxes incurred by those in the 1950-1980 period saw higher growth rates in GDP and real median family income than in the 1980-2007 period.

China, Qatar,etc.. are not growing specifically because of their lower tax rates....

1. There were massive deductions in the 50s.
2. We were 25% of the world economy in the post war boom.
3. We are half that now.
4. GDP = C + I + G + (X-M)

G stands for govt spending...
so I am not really sure what you are trying to say.

You seem to show runaway govt spending destroys private earnings.

 

[jem]

lets not forget the point of this thread...proven out of brass link to slsate magazine. After the tax cuts, tax revenues went up.

Quote from jem:

That article confirms revenues went up after tax cuts.

Here is the telling quote...

"In all three cases, the tax cuts likely helped to increase tax receipts"

http://www.slate.com/articles/busin...x_cuts_ever_increase_government_revenues.html

Did you all actually read the link.
Revenues went up after the tax cuts.
The leftist in the article... simpley created a model which stated tax revenues would have gone up more had there been no tax cuts. (and they called that the baseline). Brass keeps citing the article and I have to keep explaining it.