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Thread: State of the Union Address

  1. #1101
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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    That's true but 'marginal' is not effective. The only credible data that I have found reveals that since 1979 the effective individual Federal Income tax rate has held relatively unchanged, between 19.8 and 23.0%, at least to 2005.

    http://www.cbo.gov/ftpdocs/98xx/doc9...tes_Letter.pdf
    So that shows that over all effective tax rates fell about 2%, which is not inconsiderable, but not huge, either. Notice, however, that the very wealthiest people have seen about an 11% drop, versus around 4% for most of everyone else.

    [EDIT: there is something wrong in those CBO numbers. The difference in total federal tax rate from 79 to 05 is listed at 1.7%, but if you look at each subcategory, every single one shows a drop greater than -- and most considerably greater than -- 1.7%.]

    I think it's more relevant, though, to look at tax revenue as a percentage of GDP. You can see that it rose 5%, very gradually, from about 1950 to 2000, and then it essentially fell off a cliff, dropping 5% in just 10 years. Tax Revenue as a Fraction of GDP | Department of Numbers
    Last edited by AdamT; 01-27-12 at 01:53 PM.

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Nice attempt at diversion, you claimed that higher tax rates led to more tax revenue and a reduced deficit. Clinton claimed a surplus AFTER the Tax Relief Act of 1997 which reduced tax rates after having higher deficits prior to August 1997, That destroys your argument
    Even with the '97 Act, tax rates were still higher than they were before -- taken as a whole. And they were certainly higher than they were before Bush's disastrous tax cuts.

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Yes, you did without knowing it. Oh, look, another personal attack because again I showed that you continue to care more about more tax revenue vs. how tax dollars are spent.
    Then it should be really really easy for you to quote that definition then. Or are you just lying again?
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    Even with the '97 Act, tax rates were still higher than they were before -- taken as a whole. And they were certainly higher than they were before Bush's disastrous tax cuts.
    You don't seem to grasp the difference between rates and what is actually paid nor do you understand the various taxes and their uses. That explains a lot about you and especially liberals which you defend as part of your game.

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Then it should be really really easy for you to quote that definition then. Or are you just lying again?
    Liberalism is defined by the concept of spending IN THE NAME OF COMPASSION but never getting compassionate results which mean solving an actual social problem. I am still waiting for you to explain how a Bureaucrat in D.C. who you want to get more tax dollars can solve a local problem in your community whereas you cannot do what you have been hired to do. Guess it is easier blaming an unknown bureaucrat in D.C. versus taking personal responsibiliy in your own state and community.

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    You don't seem to grasp the difference between rates and what is actually paid nor do you understand the various taxes and their uses. That explains a lot about you and especially liberals which you defend as part of your game.
    In other words, you were proven wrong and now you're trying to change the subject. Par for the course.

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Liberalism is defined by the concept of spending IN THE NAME OF COMPASSION but never getting compassionate results which mean solving an actual social problem.
    I like this a lot.
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    In other words, you were proven wrong and now you're trying to change the subject. Par for the course.
    No, you were proven wrong, Clinton raised taxes in 1993 and had a higher deficit than was generated AFTER the Tax Relief Act of 1997 but as you continue to play your game you ignore that reality. How do you explain tax rates prior to 1997 being higher than after 1997 and having a higher deficit prior to 1997

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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    So that shows that over all effective tax rates fell about 2%, which is not inconsiderable, but not huge, either. Notice, however, that the very wealthiest people have seen about an 11% drop, versus around 4% for most of everyone else.

    I think it's more relevant, though, to look at tax revenue as a percentage of GDP. You can see that it rose 5%, very gradually, from about 1950 to 2000, and then it essentially fell off a cliff, dropping 5% in just 10 years. Tax Revenue as a Fraction of GDP | Department of Numbers
    But see, that’s not consistent with your previous argument:

    Quote Originally Posted by AdamT View Post
    I don't think that's accurate. Top marginal rates were considerably higher in the 70s and 80s and are now extremely low by historical standards.
    As to your claim, I am somewhat confused. The chart shows the lowest quintile realized a 46% reduction (8 to 4.3), second a 30.7% reduction (14.3 to 9.9), third a 23.6% reduction (18.6 to 14.2) and so on. What am I missing?

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    Re: State of the Union Address

    as i posted, i believe incentives to drive job creation are fine, when they are needed, and we need them now.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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