To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll.
To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Yes, I just returned from Norway.
Watching those poor people living under the yoke of socialism was so sobering.
To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Tax cuts bring an economy that increases revenue?
So do tax increases. It's all magic . . . for the Evergreen State grads.
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Yes, I just returned from Norway.
Watching those poor people living under the yoke of socialism was so sobering.
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.
To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Tax cuts bring an economy that increases revenue?
So do tax increases. It's all magic . . . for the Evergreen State grads.
Not magic at all
Too bad your party crashed the economy and elected a corrupt dementia addled pedo
To “increase revenue” a tax cut would have to produce more revenue than would have been produced in its absence. That can happen when you cut rates from outrageously high, confiscatory levels. We aren’t anywhere near those levels and really never have been.
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Tax cuts bring an economy that increases revenue?
So do tax increases. It's all magic . . . for the Evergreen State grads.
Not magic at all
Too bad your party crashed the economy and elected a corrupt dementia addled pedo
Feel the magic
It was like magic. The dementia patient thought an incantation that Milton Friedman wasn't in charge anymore would work. The dazzler voted for this and open borders, US World Welfare Magnet, money for chicom solar panels, batteries and wind turbines and shutting down US oil and gas production.
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Yes, I just returned from Norway.
Watching those poor people living under the yoke of socialism was so sobering.
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.
Imagine being Dazzler, you must defend all of the lies of a shit party that hates America and can only survive if they pit Americans against each other.
You have to be a lying POS with zero conscience and be devoid of any self pride.
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Yes, I just returned from Norway.
Watching those poor people living under the yoke of socialism was so sobering.
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.
It's just not about raising revenue. There is freedom, liberty, the free market and private property. If you want less of these, you tax it. If you want more of something, like sloth, you subsidize it. Nothing quite like the revenue stream of North Korea or Cuba. It's like there is a real world economic laboratory out there and this thing called history.
Yes, I just returned from Norway.
Watching those poor people living under the yoke of socialism was so sobering.
Now do North Sea oil. We could do US oil and gas but the yoke of socialism and the dems you vote for prefer we send our tax dollars to the chicoms for solar panels. Brilliant.
Oh. So, they pay no taxes in Norway, 'cuz oil?.
Well if you had a real MBA you would know that oil generates royalties to the state (Norway) and that the oil companies have to pay corporate income taxes on the income generated in Norway. Norway has a 22% corporate income tax rate (21% US corporate income tax rate). Your team Tax and Spend wants to jack up the US corporate rate. So, rather than deal with the actual fact that Norway generates a huge amount of revenue from allowing for oil and gas exploration you preferred to phuck some strawman ass as usual. You also ignored the fact that your team has throttled US oil and gas production and saddled the American consumer with huge costs for expensive, dirty and not reliable solar and wind energy.
It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll.
It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll.
That's a lot of common sense for the Tug.
We have plenty of revenue. We have a spending problem. Increased revenue doesn't result in any program improvements. You just get more government involvement to make the supposed problem worse. Just look at the spending curve and the deterioration of public education. Hundreds of billions for expensive, dirty, non-reliable "renewable" energy.
It doesn't matter if the US defaults on $31T or $100T, a default is a default. If they default, the S&P will fall 7-10% within minutes and we will see the largest market crash since the Great Depression. There is nobody in congress that wants to be pegged as part of the first group to ever allow the country to go into default. The federal government then needs to increase revenue and decrease spending in the following ways:
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll.
That's a lot of common sense for the Tug.
We have plenty of revenue. We have a spending problem. Increased revenue doesn't result in any program improvements. You just get more government involvement to make the supposed problem worse. Just look at the spending curve and the deterioration of public education. Hundreds of billions for expensive, dirty, non-reliable "renewable" energy.
Like Greenblood said, we spend way too much on the military. Yes, education spending is out of control. It's not really going to the teachers or students, either.
Comments
Can a tax cut pay for itself? Most economists would probably agree that the answer is generally “rarely, but usually not.”
And these are the guys on your team, putting the best face possible on tax cuts.
They increase revenue and people keep more of their money
Sounds horrible
Did the trillion dollars on green energy pay for itself?
Keep losing
Like most simpletons on the bored, you will point out that tax revenues have grown. Of course, over time every single tax policy we have ever enacted has been followed by increased revenues. That’s a function of the economy, not tax policy.
Daddy’s tax cut was sold as “rocket fuel” for the economy. The cut is still in place, so I guess the economy must be doing great. So stop your bitching.
Increase Revenue
1) Increase the income limit on social security tax from the existing $160,200 limit. Bump it to $350k. There aren't as many income earners in this category, but at least that can increase revenue into social security and keep it going longer. I thought originally Covid would have fixed a lot of the problem, but nope. It was more talk than walk.
2) Add a non-residence tax for migrating workers. If you are on a VISA or green card, then you must pay an additional 5% non-residence tax
3) Increase the capital gains tax on the highest 1% income earners.
Decrease Spending
1) Military spending has gotten completely out of hand, as we spend three times more than the second highest (china) and 10 times more than third (Saudi Arabia)
2) Add a work requirement for people on federal welfare unless they collect from SSI due to disabilities. There are many parks, beaches, hiking trails, highways, that need cleaned and mending. Instead of paying additional funds for companies or government employees to do it, why not have people we are already paying to do this. This should help reduce the amount of government service employees on payroll. People on federal welfare gather at central locations and get bussed to different locations for work, and get bussed back.
3) Create a flat tax system. If you simplify the tax code you can cut the amount of IRS personnel on payroll.
No need to keep embarrassing yourself
Tax cuts bring an economy that increases revenue?
That's what I said
Watching those poor people living under the yoke of socialism was so sobering.
Too bad your party crashed the economy and elected a corrupt dementia addled pedo
Feel the magic
You have to be a lying POS with zero conscience and be devoid of any self pride.
Comrades love other people's money.