Page 2 of 8 FirstFirst 1234 ... LastLast
Results 11 to 20 of 72

Thread: Taxes reach historic low

  1. #11
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

    Re: Taxes reach historic low

    Quote Originally Posted by TurtleDude View Post
    duh-historic lows were for most of our country's history. the tax rates today are hardly historic lows
    Depends on what part of your timeline qualifies as "historic."
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  2. #12
    Guru
    GPS_Flex's Avatar
    Join Date
    May 2005
    Location
    California
    Last Seen
    02-11-17 @ 11:58 PM
    Gender
    Lean
    Independent
    Posts
    2,719

    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    Well look what I found. In that bastion of socialism no less, SoCal.


    <While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently show that federal taxes are at a historic low.>


    <For the past two years, a family of four earning the median income has paid less in federal income taxes than at any time since at least 1955, according to the Tax Policy Center. All federal, state and local taxes combined are a lower percentage of per-capita income than at any time since the 1960s, according to the Tax Foundation. The highest income-tax bracket is its lowest since 1992. At 35 percent, it's well below the 50 percent mark of much of the 1980s and the 70 percent bracket of the 1970s.>

    Taxes reach historic low - News - The Orange County Register
    It isn’t like this is new news. When the Bush tax cuts were passed republicans were trumpeting pretty much the same thing. They were proudly claiming that they had given us the “biggest tax cuts in a generation” etc.

    I think we need to raise taxes as part of the solution to our debt crisis and I don’t agree with republicans who buy into the 20% of GDP max tax concept. Even the Laffer Curve (basis of Reganomics) has a 70% revenue max. We can and should bring in more revenue and cut the spending.

    We are addicted to spending money we don’t have and we have somehow let the politicians convince us that recessions should never happen. Breaking news: recessions are necessary and printing money so that we can spend more money might make the pain of recession go away for now but it will result in absolute disaster down the road. We need to embrace the recession, cut spending, raise taxes and cut government regulations.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

  3. #13
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    12-06-17 @ 09:26 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,426

    Re: Taxes reach historic low

    Quote Originally Posted by dontworrybehappy View Post

    Its very misleading to talk about tax rates being low for a bracket that pays very little tax as a whole. So rather than duck the question, why not answer it?

    Do you disagree with this statement in the OP?
    For the past two years, a family of four earning the median income has paid less in federal income taxes than at any time since at least 1955,

    Take note of the bolded part.
    Last edited by Donc; 04-17-11 at 11:32 PM.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  4. #14
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:00 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,700

    Re: Taxes reach historic low

    Quote Originally Posted by StillBallin75 View Post
    Depends on what part of your timeline qualifies as "historic."
    having studied all eras of the US-from pre-columbus to the break from England to current (well 1981 was the last history class I took though I did take a graduate course several years later on american labor history) I meant from the founding of the republic to current america



  5. #15
    Educator
    Amazed's Avatar
    Join Date
    Feb 2011
    Location
    North of Dorothy's Home.
    Last Seen
    04-30-15 @ 10:53 PM
    Gender
    Lean
    Other
    Posts
    1,001

    Re: Taxes reach historic low

    (smile) Hmmm, they are talking about Tax Revenues....

    Those lower taxes have helped give the U.S. government the lowest revenues as a percentage of gross domestic product of seven industrialized countries surveyed in 2010 by the Congressional Research Services. (The other countries were Japan, Canada, the United Kingdom, Germany, Italy and France.) The U.S. also had the lowest spending as a percentage of the GDP.

    Can you tell us why that would be...or do you prefer to toe the Party Line?
    Obama is NOT 50 feet tall, he is ONE inch deep.
    Mark Levin

  6. #16
    Guru
    GPS_Flex's Avatar
    Join Date
    May 2005
    Location
    California
    Last Seen
    02-11-17 @ 11:58 PM
    Gender
    Lean
    Independent
    Posts
    2,719

    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    Do you disagree with this statement in the OP?

    Take note of the bolded part.
    I know you weren't asking me but I would like to answer if I may.

    No. I don’t believe it and I don’t refute it. Not until I see how the numbers were derived. The article makes a lot of statistical claims but does not provide a single source or method of calculating such numbers.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

  7. #17
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 08:52 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,465

    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    Well look what I found. In that bastion of socialism no less, SoCal.


    <While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently show that federal taxes are at a historic low.>


    <For the past two years, a family of four earning the median income has paid less in federal income taxes than at any time since at least 1955, according to the Tax Policy Center. All federal, state and local taxes combined are a lower percentage of per-capita income than at any time since the 1960s, according to the Tax Foundation. The highest income-tax bracket is its lowest since 1992. At 35 percent, it's well below the 50 percent mark of much of the 1980s and the 70 percent bracket of the 1970s.>

    Taxes reach historic low - News - The Orange County Register
    Ever hear of the earned income credit?

  8. #18
    Ideologically Impure
    Simon W. Moon's Avatar
    Join Date
    Apr 2005
    Location
    Fayettenam
    Last Seen
    Yesterday @ 06:39 PM
    Gender
    Lean
    Conservative
    Posts
    16,945
    Blog Entries
    5

    Re: Taxes reach historic low

    Quote Originally Posted by TurtleDude View Post
    what was the average tax rate on the top one percent for our country's history?
    Apparently around 59% for the years 1913 to 2011
    http://www.taxpolicycenter.org/taxfa...historical.xls

    apparently, there were four years with lower rates 1913 - 1916

    here a graph from a different place with the similar info

    http://www.truthandpolitics.org/proposal.php
    Last edited by Simon W. Moon; 04-18-11 at 12:26 AM.
    I may be wrong.

  9. #19
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 12:36 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,358

    Re: Taxes reach historic low

    Quote Originally Posted by GPS_Flex View Post
    It isn’t like this is new news. When the Bush tax cuts were passed republicans were trumpeting pretty much the same thing. They were proudly claiming that they had given us the “biggest tax cuts in a generation” etc.

    I think we need to raise taxes as part of the solution to our debt crisis and I don’t agree with republicans who buy into the 20% of GDP max tax concept. Even the Laffer Curve (basis of Reganomics) has a 70% revenue max. We can and should bring in more revenue and cut the spending.

    We are addicted to spending money we don’t have and we have somehow let the politicians convince us that recessions should never happen. Breaking news: recessions are necessary and printing money so that we can spend more money might make the pain of recession go away for now but it will result in absolute disaster down the road. We need to embrace the recession, cut spending, raise taxes and cut government regulations.
    It seems that are for getting rid of all the bush tax cuts. Good start that would bring in about $4 trillion over 10 years. We would still increase the national debt by 7-10 trillion under the budget proposed by obama, but a good start.

  10. #20
    Sleeper Agent
    iamitter's Avatar
    Join Date
    Jan 2011
    Location
    NY, NY
    Last Seen
    12-02-17 @ 01:11 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    1,836

    Re: Taxes reach historic low

    Quote Originally Posted by Simon W. Moon View Post
    Apparently around 59% for the years 1913 to 2011
    http://www.taxpolicycenter.org/taxfa...historical.xls

    apparently, there were four years with lower rates 1913 - 1916

    here a graph from a different place with the similar info

    TruthAndPolitics.org: A Proposal (TruthAndPolitics.org)
    You can't answer turtle's question with that graph.
    1) The top marginal rate isn't the average tax rate of the bracket it encompasses.
    2) The top marginal rate had different thresholds for all those years.

    It's a very difficult question to answer, even 1912 on. You'd have to find the average tax rate for each year for the top 1%, who fell into a different income bracket each year.
    Give a man a fish, or he will destroy the only existing vial of antidote.

Page 2 of 8 FirstFirst 1234 ... LastLast

Posting Permissions

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