Page 156 of 189 FirstFirst ... 56106146154155156157158166 ... LastLast
Results 1,551 to 1,560 of 1884

Thread: Rasmussen: Rick Perry now up 11 points on GOP field

  1. #1551
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 03:01 AM
    Gender
    Lean
    Progressive
    Posts
    10,145

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by Conservative View Post
    Not sure where you get your information but FIT does NOT include payroll taxes and if you ever looked at the U.S. Budget you would know that. Payroll taxes fund SS and Medicare which are another line item in revenue as well as expense. Wonder why those are on budget? Hmmm, thought they were in that Gore lockbox.

    I posted the data right from bea.gov. Suggest you go there and see the information. If you believe that tax cuts cause deficits, send yours back for you are still getting it today.
    Wow (again).... do you have read other people's posts or do you just continue to robo-post you same tired stuff without really addressing other peoples points?

    I said Federal Revenues include payroll taxes (such as FICA), not federal income tax. It is federal revenues that exceed $2T annually... and it is federal revenue that increased after the Bush tax cuts. This is because the increase in payroll taxes masked the decrease in income tax revenue.

    If we just speak of income taxes... individual income tax revenue has NEVER exceeded $1.2T, it it decreased by 20% after the Bush tax cuts (um, cut taxes, you expect to cut tax revenue.... it worked well.) Individual income tax revenues fell from just north of $1T in 2000 to less than $.8T four years later.. a 20% drop (NOT an increase, as you continually state) Even if you threw corporate income taxes, federal income tax revenue never exceeds $1.5T... about 1/2 of what you are telling us you get from "bea.gov". Your numbers are NOT correct.

    You asked where I got my numbers. Unlike you, I actually gave you a link to the actual budget and its tables (http://www.gpoaccess.gov/usbudget/fy10/pdf/hist.pdf).
    I directed you to table 2.1, where, if you bothered to follow my link you would have 1) not asked where the numbers came from, 2) not challenged me as to whether I actually have looked at the budget since that is exactly what is at the other end of the link and 3) you would have seen actual Individual Income Tax Revenue, Corporate Income Tax Revenue, Excise Tax Revenue and Social Insurance and Retirement receipts (various payroll taxes), etc.... all of the components of Federal Revenue, year by year since 1934. You will note that Federal Revenue, all in, never exceeded $2.568T....yet, your numbers are larger (you cited $2.79T per BEA.gov for 2008) That can not be.

    Let's try another (in)sanity check on your numbers. You often speak of the $3.8T cost of government (2009). My numbers (from table 3.1 of the budget, see link) confirm this.... but this spending includes disbursements for social security. So, if you are stating that income tax revenue is $2.79T, and total expenditures are $3.9T (2009), then the deficit is but $1T.... but wait, the expenditures income spending on social security (see table 3.1) and your revenues do not (as you state they are federal income tax revenues)... so, to make apples be apples, we need to add the $.9T the government received from Social Insurance and Retirement receipts (see table 2.1) and our total revenues for 2008 are now, according to your intrepretation of BEA numbers are now $3.7T ($2.79T federal income tax + $.9T payroll tax). Let's see, $3.7T revenue versus $3.9T expenditures (forgive mixing 2009 and 2008), so our deficit, according to your BEA numbers is just $200B. Either you have solved our deficit problem while the rest of us are busy fussing about it, or (I think a bit more likely) your federal income tax revenue numbers are not correct and thus do not support your argument.

    As a professional numbers guy, with a posted link to the actual table at BEA.gov from which you extracted, derived or otherwise created your numbers, I might be able to help you with the reconciliation.
    Last edited by upsideguy; 08-25-11 at 02:06 AM.

  2. #1552
    Sage
    ric27's Avatar
    Join Date
    Jun 2010
    Last Seen
    06-15-17 @ 02:57 PM
    Gender
    Lean
    Independent
    Posts
    7,539

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by roguenuke View Post
    They do have an obligation to Americans. If they are getting government money and backing by screwing over the rest of us Americans with policies that heavily favor them just because they have the money to do so, they should be giving a good deal back, even if just to help themselves.

    To a point, I do, although I would rather see alternative fuel made bigger than oil. I don't have a problem with domestic drilling, but considering I had distant relatives who were being paid by the government (at least before 2000, not sure about now) to keep their oil wells closed, I think it may be more prudent to check those out first. And I do insist that they meet certain safety and environmental standards to avoid causing more pollution.
    OPEC is making money. Commodities speculators are making money. The oil companies are making some money, but you shouldn't get caught up in the dollar figures....

    An oil company spent billions back in the 70's to build several refineries here in the United States, and they've literally lost money every quarter for 20 years on that investment. In the last 10 years this has turned around and they are now making a profit, and a big profit at that. Only that doesn't tell the whole story. ...Profit as a percentage of revenue ends up only being 1 or 2%, or maybe even a fraction of a percent because the cost of drilling, shipping and refining oil is astronomical. While they might make...lets say $600B a quarter, the cost of doing business is anout $596B, with this model the oil company is only doing a little better than half a percent profit.

  3. #1553
    Guru
    LuckyDan's Avatar
    Join Date
    May 2010
    Location
    Carrollton, TX
    Last Seen
    05-13-13 @ 11:35 PM
    Gender
    Lean
    Very Conservative
    Posts
    2,758

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by roguenuke View Post
    They do have an obligation to Americans. If they are getting government money and backing by screwing over the rest of us Americans with policies that heavily favor them just because they have the money to do so, they should be giving a good deal back, even if just to help themselves.

    To a point, I do, although I would rather see alternative fuel made bigger than oil. I don't have a problem with domestic drilling, but considering I had distant relatives who were being paid by the government (at least before 2000, not sure about now) to keep their oil wells closed, I think it may be more prudent to check those out first. And I do insist that they meet certain safety and environmental standards to avoid causing more pollution.
    See, this is where you guys lose me. Oil has been less profitable in recent years than has fast food and the computer industries. Where is the indignation there? - aside from the plaintiff's bar and the first lady making noises about obesity. You guys see a going concen and assume foul play is going on, or deep pockets to harrass.

    Alternative fuel remains a pipe dream, so to speak. We need affordable oil. Fast. We need more domestic drilling. Now.

    Of course Perry has their backing. He's not hostile to them.

  4. #1554
    Guru
    LuckyDan's Avatar
    Join Date
    May 2010
    Location
    Carrollton, TX
    Last Seen
    05-13-13 @ 11:35 PM
    Gender
    Lean
    Very Conservative
    Posts
    2,758

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by Catawba View Post
    Correct, and the obligation of a public representative is to protect public health from industry that does not have that obligation, as you just pointed out.

    That is why they are called public representatives, and not oil representatives.
    Let me try once more. In what way is the oil industry threatening public health?

    (And where's your little sunflower thingy?)

  5. #1555
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by ric27 View Post
    OPEC is making money. Commodities speculators are making money. The oil companies are making some money, but you shouldn't get caught up in the dollar figures....

    An oil company spent billions back in the 70's to build several refineries here in the United States, and they've literally lost money every quarter for 20 years on that investment. In the last 10 years this has turned around and they are now making a profit, and a big profit at that. Only that doesn't tell the whole story. ...Profit as a percentage of revenue ends up only being 1 or 2%, or maybe even a fraction of a percent because the cost of drilling, shipping and refining oil is astronomical. While they might make...lets say $600B a quarter, the cost of doing business is anout $596B, with this model the oil company is only doing a little better than half a percent profit.
    While it's true that the oil biz isn't a high margin business, it does an insane volume. As a result, they make enormous profits. That's PROFITS -- not gross revenue. Exxon profit (not gross) in the second quarter was $10.7 billion. That, of course projects to over $40 billion per year. Profit.

  6. #1556
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by LuckyDan View Post
    See, this is where you guys lose me. Oil has been less profitable in recent years than has fast food and the computer industries.
    Umm, not exactly. This year Exxon is the most profitable company in the world, and Chevron is the third most profitable company in the world.

    Fortune 500 2011: Top Performers - Most Profitable Companies: Profits

  7. #1557
    Guru
    LuckyDan's Avatar
    Join Date
    May 2010
    Location
    Carrollton, TX
    Last Seen
    05-13-13 @ 11:35 PM
    Gender
    Lean
    Very Conservative
    Posts
    2,758

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by AdamT View Post
    Umm, not exactly. This year Exxon is the most profitable company in the world, and Chevron is the third most profitable company in the world.

    Fortune 500 2011: Top Performers - Most Profitable Companies: Profits
    Thanks, Adam.

    What is the most profitable industry?

  8. #1558
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by LuckyDan View Post
    Thanks, Adam.

    What is the most profitable industry?
    That I couldn't tell you.

    Interestingly, though, when I was looking I found that the professions with the highest profit margins are almost all health care related.

    Another bit of info.: at least in 2005, crude oil production and mining was No. 1 for return on revenue.
    Last edited by AdamT; 08-25-11 at 02:31 AM.

  9. #1559
    Sage
    roguenuke's Avatar
    Join Date
    Nov 2007
    Location
    Raleigh, NC
    Last Seen
    Yesterday @ 06:42 PM
    Gender
    Lean
    Moderate
    Posts
    29,054

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by LuckyDan View Post
    See, this is where you guys lose me. Oil has been less profitable in recent years than has fast food and the computer industries. Where is the indignation there? - aside from the plaintiff's bar and the first lady making noises about obesity. You guys see a going concen and assume foul play is going on, or deep pockets to harrass.

    Alternative fuel remains a pipe dream, so to speak. We need affordable oil. Fast. We need more domestic drilling. Now.

    Of course Perry has their backing. He's not hostile to them.
    No, we could easily reduce our reliance on oil pretty quickly. We just have to work to do it. Give incentives, major incentives, for companies and homeowners to install solar panels and/or wind turbines on buildings. Encourage buying automobiles with better and better gas mileage and encourage the creation of alternatively powered cars and trucks. Encourage use of public transportation and carpooling. Maybe make it harder for people to get a driver's license (God knows there are a lot of bad drivers out there as it is).

    Perry has shown that he is very willing to give government money and contracts to big campaign contributors without a second thought to the environment or even how much good they will actually be doing for the American economy overall.
    "A woman is like a teabag, you never know how strong she is until she gets in hot water." - Eleanor Roosevelt

    Keep your religion out of other people's marriages.

  10. #1560
    Guru
    LuckyDan's Avatar
    Join Date
    May 2010
    Location
    Carrollton, TX
    Last Seen
    05-13-13 @ 11:35 PM
    Gender
    Lean
    Very Conservative
    Posts
    2,758

    Re: Rasmussen: Rick Perry now up 11 points on GOP field

    Quote Originally Posted by AdamT View Post
    That I couldn't tell you.

    Interestingly, though, when I was looking I found that the professions with the highest profit margins are almost all health care related.

    Another bit of info.: at least in 2005, crude oil production and mining was No. 1 for return on revenue.
    The answer is not oil.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •