Flash, bubbulah, you made rev-GDP the metric by which your entire argument hinges.
So when I point out that the rev-GDP percentage going up by 1% translates to $200B (because 1% of GDP is $200B), you now are trying to go back on your previous argument and conflate the issue.
Your insistence was that we had to look at rev-GDP as the metric to determine that raising taxes won't increase revenue, even though your data shows that rev-GDP nominal increases happened once tax rates were raised. Those nominal, incremental increases translate to substantial revenues. From 2012-2013 alone, when Obama let the Bush Tax Cuts expire for the wealthy, rev-GDP increased by 1.4%, which was an increase of $233B in revenue.
So that slight, incremental change to one single tax bracket resulted -partially or wholly- in an increase to the rev-GDP rate.
Therefore, if we increase taxes we are increasing rev-GDP, and increases to rev-GDP result in increases to gross revenues collected.
That's the argument your data makes.
Last edited by LV426; 01-11-2019 at 03:13 PM.
When I die, turn me into a brick and use me to cave in the skull of a fascist
When I die, turn me into a brick and use me to cave in the skull of a fascist
Frank Apisa (01-11-2019)
"I'm going to prove that raising taxes on the wealthy won't increase revenue, and here's some figures that shows revenue increases after taxes are raised"
When I die, turn me into a brick and use me to cave in the skull of a fascist
Colleges take in over $60 billion a year in tuition and tuition does not cover most of the expenses of public universities. So, even using the $60 billion figure, the $200 billion would fund free public colleges for about 3 years, not 25. Because, math.
Listing revenue as a percent of GDP shows large variations which cannot be explained by tax cuts or increases.
For example,
2008: 17.1%
2009: 14.6%
2010: 14.4%
There was no tax cut or increase in 2008, yet, we saw a large drop in revenue as a percent of GDP in 2009-2010. That is why we can't look at single years and try to blame changed on tax cuts/increases.
Look at actual revenue for recent years:
2015: $3.25 trillion
2016: $3.27 trillion
2017: $3.32 trillion
2018: $3.34 trillion
2019: $3.42 trillion (estimated)
We should see a decline in revenue based on your economics because we saw a tax cut in 2017; instead, revenue has increased. Maybe that is because revenue usually increases whether we have no changes, tax cuts, or tax increases.
That is explained by the recession.
A recession caused, in part, by tax cuts.
After all, your guy Bush tied his tax cuts to the housing market in 2004 - the same housing market that would later crash the economy.
Bush Ties Policy to Record Home Ownership
March 26, 2004
Touting his tax cuts as the economy's savior — and pointing to the strong housing market as proof — Bush said "more people own their own home now than ever." More than 50 percent of minorities owned their own homes in the last three months of 2003 for the first time ever, the president said.
https://www.foxnews.com/story/bush-t...home-ownership
How embarrassing for you.
When I die, turn me into a brick and use me to cave in the skull of a fascist
No, my data [government budget figures] make the argument that revenue as a percent of GDP tends to go up and down whether we have tax cuts or increases but that revenue ($) tends to increase.
But my main argument was the the higher 70-91% tax rates of the 50's-70's brought in about the same or less revenue as a percent of GDP than the lower tax rate since the 1980's; so, returning to those rates does not give us a big increase in revenue.
That's because of the giant fucking recession caused, in part, by your tax cuts.
So why are you exercising sophistry?
Simple; you've lied so much in your life that you cannot even make a statement without it being bullshit.
Your mind has been so destroyed by your capacity for lying that you don't even know what it is to tell the truth anymore.
It's something you are physically and mentally incapable of doing.
When I die, turn me into a brick and use me to cave in the skull of a fascist
THE TAX CUT WASN'T IN 2017.
The Russia Tax Cut started in 2018.
Again, you are a fucking liar.
You just make shit up as you go, don't you?
And now you're using actual revenue? What happened to the rev-GDP metric? You know, the one you said before was the only one worth looking at and the one on which you were basing your conclusion?
Oh right, you abandoned it because in the end, it ended up disproving your argument.
Got it.
When I die, turn me into a brick and use me to cave in the skull of a fascist
When I die, turn me into a brick and use me to cave in the skull of a fascist
You make unfounded assumptions. I never made any argument for or against raising taxes on the rich. I only attempted to show the much higher tax rates did not raise more revenue.
Showing how your facts are wrong does not necessarily constitute support or opposition to policy proposals---you assume it does because you interpret everything based on simplistic liberal-conservative dichotomy.
SIGH.
Once again, nominal changes to rev-GDP result in massive changes to actual revenues.
A measly, nominal, seemingly insignificant 1% change to the rev-GDP percentage is a difference of $200B.
$200B is about half of Medicaid's budget.
So you're a sophist who is trying to ignore the fact that our GDP is $20T and thus, 1% of it is a substantial amount of cash. Enough cash to pay for three years of free public college. Enough cash to pay for half of Medicaid.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Correct, that is what I said. It also does not show tax increases result in higher revenue. Revenue tends to increase annually (even if it is lower rev-GDP).
I never said cutting taxes results in higher revenue. I said the higher tax rates resulted in lower (or the same) levels of revenue as lower tax rates. That is not the same thing.
It does show tax increases result in higher revenues. Again, we just went through this when you posted the data!
I think the disconnect here is that you keep jumping from one metric to the other.
You say rev-GDP doesn't increase after a tax increase, then you say it does increase but a nominal amount, but then you ignore that a nominal change to that metric results in a massive change to the revenue metric.
That's what your data shows. You might not think an incremental increase to rev-GDP is significant...and it's not when you're looking strictly within the confines of rev-GDP, but your argument was that the rev-GDP number reflects the ability to "afford" something. In that regard, you'd be completely wrong because nominal changes to that rev-GDP has massive effects on the amount of revenue collected that is then used to "pay for" things.
"Levels of revenue"I never said cutting taxes results in higher revenue. I said the higher tax rates resulted in lower (or the same) levels of revenue as lower tax rates. That is not the same thing.
That's the problem here.
"levels of revenue" is a goalpost that you shift according to how your argument is faring.
If rev-GDP is how you're determining the "levels of revenue", then when you look at the rev-GDP numbers you provided, you see that they are higher after tax increases than tax cuts, which means more revenue collected.
If gross revenues are how you're determining the "levels of revenue", then when you look at those numbers you provided, you also see that they increase at higher rates after tax increases than tax cuts, which means more revenue collected.
There exists no world in which raising taxes results in less revenues collected, and you didn't prove that in anything you wrote.
When I die, turn me into a brick and use me to cave in the skull of a fascist
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