Trump plan to cut taxes for middle income Americans

[Covertibility]

Ignore Simple Jem, he doesn't want to understand the basics. He doesn't understand the concept of normalization, lol.

Think of taxes and revenues as eating and gaining weight. The easiest way to gain weight (increase revenues) is to eat more (raise taxes). It's that simple.

 

[jem]

what the hell --- that graph is a graph of revenues as a percent of gdp.
we are talking about revenues.. revenues went up after the tax cuts. its probably better for the economy if the revenues are now a smaller percentage of gdp.

my statement was True...
normalizing taxes... why the hell would anyone wish to do that? other than a marxist who wants to crush the people.

We are not interested in a bigger govt... we are interested in a bigger economy which has the side note of raising govt revenues.

Finally if the govt eats to much... the economy collapses... see the soviet union, the iron curtain... cuba, venezula etc.

False.

http://rricketts.ba.ttu.edu/Tax Rates and Revenues.htm

 

[Ricter]

what the hell --- that graph is a graph of revenues as a percent of gdp.
we are talking about revenues.. revenues went up after the tax cuts. its probably better for the economy if the revenues are now a smaller percentage of gdp.

my statement was True...

If the tax rate is held constant, rising or falling GDP alone will change revenues.

 

[jem]

you clearly don't learn from leftist history...
I suggest you learn about big govt and taxes... they shrink and collapse economies.

see... the soviet union and the eastern bloc, cuba, venezuela, china before capitalism. even Europe and Britain before their reforms in the 80s and 90s.

Ignore Simple Jem, he doesn't want to understand the basics. He doesn't understand the concept of normalization, lol.

Think of taxes and revenues as eating and gaining weight. The easiest way to gain weight (increase revenues) is to eat more (raise taxes). It's that simple.

 

[fhl]

Donald Trump’s tax plan is supported by 7 decades of hard data


"According to government data that I retrieved this morning from whitehouse.gov, since World War II, tax revenue as a percentage of GDP has averaged 17.2%, with very minimal deviation.

Over that period, tax rates have been all over the place.

The top marginal tax rate has been as low as 28% in the 1980s and as high as 94% right at the end of WWII.

Meanwhile, over the course of US history, the top corporate tax rate has been as low as 1% and as high as 53%.

And yet in all this time, despite enormous variations in tax rates, overall tax revenue as a percentage of GDP has barely budged."

more at:
http://www.sovereignman.com/tax/donald-trumps-tax-plan-is-supported-by-7-decades-of-hard-data-17483/

 

[jem]

1. it depends on what part of the gdp is rising or falling. We would prefer the private tax paying side increase not the govt spending side. Govt spending could go up and tax revenues could go down.


which is why revenues as a percent of gdp is not the number we want to be looking at to see if revenues increased after tax cuts. Clearly all we need for that is a chart showing tax revenues... we don't need to divide it by gdp or normalize it.

If the tax rate is held constant, rising or falling GDP alone will change revenues.

 

[futurecurrents]

It's not even voodoo economics, it's doo-doo economics. Perhaps the stupidest idea for taxation in the US ever.

And how about Bush's plan? Guess what? He would pay less taxes!!! What a surprise!!

 

[rangecontraction]

We don't need high taxes. Trump is right.

I despise having my taxes used to fund Thugs' entitlements. Thugs should leave our country if they cant pay their way.

I am defiantly voting Trump.

 

[futurecurrents]

We don't need high taxes. Trump is right.

I despise having my taxes used to fund Thugs' entitlements. Thugs should leave our country if they cant pay their way.

I am defiantly voting Trump.

Enough with the bad satire. Go away troll.