102 Things NOT To Do If You Hate Taxes
- Thread starter signalmankenneth
- Start date
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The Almighty
Dear troll.... do you comprehend the difference between your insane 'you hate taxes' and those that 'don't like being over taxed'? Not to mention those that 'don't want to be over taxed only to see the idiots in DC piss the money away'?
signalmankenneth
Verified User
You need to be tax more, we are this deficit largely due to tax cuts and tax loops!
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The Almighty
You need to be tax more, we are this deficit largely due to tax cuts and tax loops!
Well, I believe I was able to translate the above to English. In response, yes, loopholes and deductions reduce revenue as do tax cuts. But the main problem is not a lack of revenue... it is insane levels of spending.
Actually, the main problem is revenue. The reason deficits were so high from 2008 onward is historically low revenues. As a percentage of GDP, our revenues are the lowest they have been since 1950.
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and trillion dollar deficit spending is not a "main" problem....it always amazes me how you constantly believe the main way to solve our problems is to raise taxes with some token spending cuts. it should be the other way around...
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and according to this you're wrong:
i'm sure you'll bash the source...so if you have another post up
I'm not sure the source for that graph, but it isn't close to correct:
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf
Minister of Truth
Practically Perfect
Dung, which is a bigger problem for a drug user - addiction or funds?
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The Almighty
Wrong. The main problem is spending. The reasons deficits were so high in 2008 forward is that the idiots in DC continued INCREASING spending while revenue fell during a recession. Revenues as a percent of GDP is irrelevant. Revenues as a percent of Spending is entirely the problem.
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The Almighty
Actually he is correct on that point.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205
What that doesn't tell us is that when you outspend revenue by $3 Trillion dollars since 2008, that artificially inflates GDP while revenues are declining during a recession. The reason past recessions don't show this is that past idiots in DC were not as insane as the crop we currently have running the asylum.