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Thread: China's president says infrastructure development key to recovery

  1. #31
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    Re: China's president says infrastructure development key to recovery

    Quote Originally Posted by cpwill View Post
    lamo


    Debbie Wasserman Schultz, is that you???

    The chart demonstrates that wild swings in the top marginal rates have not produced swings in revenue. But "deny all reality" is a new tactic for you
    Oh my, how embarrassing, I thought it said "taxpayer" instead of "tax revenue". Well, thats different........or is it?

    The chart you posted is "Hauser's Law" and supposedly "there is no escaping Hausers Law". But actually, if you take a closer look at Hauser's narrow band of tax revenue you'll find that it flucuates quite a bit during periods of tax cuts and tax hikes.......



    Well looky there, tax revenues went down 5% because of Bush tax cuts. Phew, thats a lot when you consider the highest that revenues have ever been was about 21% of GDP. Thats like cutting off 1/4 of the nations revenue and a lot more than Hauser's chart would have you believe. Now heres the revenues going up 4% because of Clinton's tax hikes....





    That's a huge difference if the baseline is 18% and we're talking about billions in revenue. Note how the revenues go up during Carter, go down during Reagan and BushSr, goes back up during Clinton and goes back down, down, down during Bush. Man, no wonder there's a huge debt.
    Last edited by Moot; 09-11-12 at 06:27 AM.

  2. #32
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    Re: China's president says infrastructure development key to recovery

    Quote Originally Posted by Moot View Post
    Oh my, how embarrassing, I thought it said "taxpayer" instead of "tax revenue".
    we all make mistakes.

    The chart you posted is "Hauser's Law" and supposedly "there is no escaping Hausers Law". But actually, if you take a closer look at Hauser's narrow band of tax revenue you'll find that it flucuates quite a bit during periods of tax cuts and tax hikes.......



    Well looky there, tax revenues went down 5% because of Bush tax cuts. Phew, thats a lot when you consider the highest that revenues have ever been was about 21% of GDP. Thats like cutting off 1/4 of the nations revenue and a lot more than Hauser's chart would have you believe. Now heres the revenues going up 4% because of Clinton's tax hikes....
    clinton's revenue spikes up highest after his tax cuts; specifically his cuts to capital gains, which helped fuel the dot-com bubble. the chart you have posted above mirrors' economic performance; you will notice that revenues fall from 2000-2003 with the dot-com bubble burst, and then begin to rise once the tax cuts of 2003 take effect in 2004... Then revenues dive relatively sharply in 2009-2012, thereby following economic performance, but with no significant change to tax rates.

    Your own chart demonstrates that you are incorrect.

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