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Thread: US economy adds 288,000 jobs in June

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Posted the link, doubt you are interested in checking anything out. You want badly to buy what you are told from leftwing sites for we all know that the bank account of the United States is wrong because the leftwing say so
    Well, I'll keep trying to navigate the site Conservative but it's not working out too well for me. If you want to give me the search parameters, I'd be more than happy to oblige.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    Well, I'll keep trying to navigate the site Conservative but it's not working out too well for me. If you want to give me the search parameters, I'd be more than happy to oblige.
    Very simple to me, go to the personal taxes section and look at what it was in 1980 and then again at 1989 and tell me what the increase is. How could there be such an increase with three years of personal tax cuts? Hmmm, 60%

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Very simple to me, go to the personal taxes section and look at what it was in 1980 and then again at 1989 and tell me what the increase is. How could there be such an increase with three years of personal tax cuts? Hmmm, 60%
    Sorry bud I'm having a huge problem finding personal taxes, I've used the find search option and have gone threw Sections 1-7 to no avail. Could you perhaps give more comprehensive instructions?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    Well, I'll keep trying to navigate the site Conservative but it's not working out too well for me. If you want to give me the search parameters, I'd be more than happy to oblige.
    At the end of 1980 the income tax collected was 250 billion dollars and at the end of 1988 it was 402 billion dollars or 152 billion increase, 152/250 billion =61%. So much for the myth that income tax cuts cost the federal govt. revenue

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    At the end of 1980 the income tax collected was 250 billion dollars and at the end of 1988 it was 402 billion dollars or 152 billion increase, 152/250 billion =61%. So much for the myth that income tax cuts cost the federal govt. revenue
    Is that adjusted for the 80s inflation and real gdp gains?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    Is that adjusted for the 80s inflation and real gdp gains?
    Why would it be adjusted for anything, it actually happened at the time it happened it was in 80's dollars. It shows the Personal current taxes collected by year in the dollars of that year just like the expenses were of that year.

    Click on the link

    Section 3 Federal Govt. Current Receipts and Expenditures
    Click on Modify
    Put in dates 1980 and 1988
    Look at the Personal Current Taxes section

    Thank you, glad to help you learn something

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Why would it be adjusted for anything, it actually happened at the time it happened it was in 80's dollars. It shows the Personal current taxes collected by year in the dollars of that year just like the expenses were of that year.

    Click on the link

    Section 3 Federal Govt. Current Receipts and Expenditures
    Click on Modify
    Put in dates 1980 and 1988
    Look at the Personal Current Taxes section

    Thank you, glad to help you learn something
    Thank you, I'll check it out.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Why would it be adjusted for anything, it actually happened at the time it happened it was in 80's dollars. It shows the Personal current taxes collected by year in the dollars of that year just like the expenses were of that year.

    Click on the link

    Section 3 Federal Govt. Current Receipts and Expenditures
    Click on Modify
    Put in dates 1980 and 1988
    Look at the Personal Current Taxes section

    Thank you, glad to help you learn something
    Thank you, you made me do more research on the devil man.

    "What people forget about Ronald Reagan was that he very much converted to base broadening as a means of reducing deficits and as a means of tax reform," said Eugene Steuerle, an Institute Fellow at the Urban Institute who had helped lay the groundwork for tax reform in 1986 and served as a deputy assistant Treasury secretary during Reagan's second term...

    In 1983, for example, he signed off on Social Security reform legislation that, among other things, accelerated an increase in the payroll tax rate, required that higher-income beneficiaries pay income tax on part of their benefits, and required the self-employed to pay the full payroll tax rate, rather than just the portion normally paid by employees.

    The tax reform of 1986, meanwhile, wasn't designed to increase federal tax revenue. But that didn't mean that no one's taxes went up. Because the reform bill eliminated or reduced many tax breaks and shelters, high-income tax filers who previously paid little ended up with bigger tax bills...

    All told, the tax increases Reagan approved ended up canceling out much of the reduction in tax revenue that resulted from his 1981 legislation...

    Indeed, in one very symbolic respect he enlarged it. While in the early years of his presidency Reagan tried to shrink the IRS, by the end, the number of IRS employees hit an all-time high, according to Steuerle in his book Contemporary U.S. Tax Policy.

    The reason was two-fold, Steuerle said. The first was a desire to crack down on the proliferation of tax shelters. But the point of cracking down was to boost tax revenue. That, in turn, could reduce the need to impose other tax increases to combat budget deficits."


    I figure his 10% increase in Gov't spending probably had the multiplier affect of also employing more people (gov't stimulus via military spending) who paid taxes.

    And a second one I haven't read myself but just thought I'd put up: Ronald Reagan raised taxes 11 times? The real story | The Daily Caller

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    Re: US economy adds 288,000 jobs in June

    Sorry forgot to put this up there too, it's from the first link from the above post: "Two bills passed in 1982 and 1984 together "constituted the biggest tax increase ever enacted during peacetime," Thorndike said. "

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    Thank you, you made me do more research on the devil man.

    "What people forget about Ronald Reagan was that he very much converted to base broadening as a means of reducing deficits and as a means of tax reform," said Eugene Steuerle, an Institute Fellow at the Urban Institute who had helped lay the groundwork for tax reform in 1986 and served as a deputy assistant Treasury secretary during Reagan's second term...

    In 1983, for example, he signed off on Social Security reform legislation that, among other things, accelerated an increase in the payroll tax rate, required that higher-income beneficiaries pay income tax on part of their benefits, and required the self-employed to pay the full payroll tax rate, rather than just the portion normally paid by employees.

    The tax reform of 1986, meanwhile, wasn't designed to increase federal tax revenue. But that didn't mean that no one's taxes went up. Because the reform bill eliminated or reduced many tax breaks and shelters, high-income tax filers who previously paid little ended up with bigger tax bills...

    All told, the tax increases Reagan approved ended up canceling out much of the reduction in tax revenue that resulted from his 1981 legislation...

    Indeed, in one very symbolic respect he enlarged it. While in the early years of his presidency Reagan tried to shrink the IRS, by the end, the number of IRS employees hit an all-time high, according to Steuerle in his book Contemporary U.S. Tax Policy.

    The reason was two-fold, Steuerle said. The first was a desire to crack down on the proliferation of tax shelters. But the point of cracking down was to boost tax revenue. That, in turn, could reduce the need to impose other tax increases to combat budget deficits."


    I figure his 10% increase in Gov't spending probably had the multiplier affect of also employing more people (gov't stimulus via military spending) who paid taxes.

    And a second one I haven't read myself but just thought I'd put up: Ronald Reagan raised taxes 11 times? The real story | The Daily Caller
    That didn't take long and you didn't even have to look hard, just use Google and you will find every leftwing site in the world demonizing someone who allowed the American people to keep more of what they earn and there are a lot of people who don't like that? You see, people with more cash don't need liberals and that destroys their power and their base. Guess I can see which group you are in.

    The only taxes Reagan raised were use taxes, if you don't use the services you don't pay the taxes, what a novel idea, how about a flat tax or a consumption tax? No, that won't work because it gives people not bureaucrats power

    I still don't get it, liberals tell us how tax cuts cause deficits to please tell me how a 60% increase in income tax revenue caused the deficits and how income tax revenue could go up after three years of INCOME Tax cuts??

    By the way you can use the same site to see how much military spending went up and how much the GDP increased during the Reagan years. I am sure some leftwing site will tell you how bad that is too

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