Page 8 of 8 FirstFirst ... 678
Results 71 to 72 of 72

Thread: Taxes reach historic low

  1. #71
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Taxes reach historic low

    Quote Originally Posted by pbrauer View Post
    The rich do not 'create' jobs. Demand for goods and services creates jobs. Unless there is demand, rich people are not hiring. That's a fact.
    The less I pay in taxes, the more demand I create.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  2. #72
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Taxes reach historic low

    Quote Originally Posted by Dittohead not! View Post
    Yes, federal taxes are at historic lows currently.

    No, Orange county is not a bastion of "socialism", but an island of conservatism in an otherwise liberal part of the country.
    But that's just an observation and an aside. It isn't relevant to the main point.

    Here's a history:



    As we all can see, the percentage of GDP collected by the federal government was nearly 21% back in 2000, when coincidentally, the federal budget sort of balanced after the amount sto.. I mean borrowed from SS. Now, it is more like 15%.

    Now, were they to collect that extra 6% of that 14 teradollar GDP, they'd have an extra 840B or so, or roughly half of the current deficit.

    So, the budget could be balanced by an equal measure of spending cuts and tax increases, couldn't it? Once the economy begins to recover, we could actually start paying down that enormous debt.

    But, politics being what they are, they won't.
    Hey, I made my case for cuts right here:

    http://www.debatepolitics.com/breaki...post1059422194
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

Page 8 of 8 FirstFirst ... 678

Posting Permissions

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