Page 66 of 66 FirstFirst ... 1656646566
Results 651 to 656 of 656

Thread: Poll: Debt ceiling deal should include cuts and tax increases

  1. #651
    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: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Conservative View Post
    Sorry, but I posted the revenue per BEA.gov and that shows tax revenue higher in 2004 than 2000 and that isn't 6 years. What is it about liberals that creates this kind of loyalty as well as inability to even read data.
    Your right about the tax revenue being heigher in 2004, than it was in 2000 at the bea site.OMB must have a different way of looking at things.

    While you were perusing the site did you happen to notice “Line 27”? “Net government savings”, Thats’ the title. An interesting thing on that line caught my attention. In year 2000, the year before part one of the bush tax-cuts kicked in, we had positive savings of, in billions,$226.5.

    In 2001 it dwindled to a savings of $ 24.6, 2002,still on the positive side though.

    In 2002 we went to a negative number for the first time. $ -306.9… Whoo Doggies, the bush tax-cuts clicked in big time. 2003=$-415.2. In an attempt not to be out done 2004 brought us,$-387.8.

    By the way while all of this was going on, line #2(Titled Current tax receipts) read 2000=$ 2,202.8 2001=$ 2,163.7,..2002=$ 2,002.1 …2003=$ 2,047.9 …2004, a minuscule climb up to a whopping.=$ 2,213.2,our debt went from a positive $ 226.5 to a negative of $-387.8.

    Only to winger-land is this stroll down the rabbit hole looked upon as a good thing.


    http://www.bea.gov/national/nipaweb/...JavaBox=no#Mid
    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

  2. #652
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by treedancer View Post
    Your right about the tax revenue being heigher in 2004, than it was in 2000 at the bea site.OMB must have a different way of looking at things.

    While you were perusing the site did you happen to notice “Line 27”? “Net government savings”, Thats’ the title. An interesting thing on that line caught my attention. In year 2000, the year before part one of the bush tax-cuts kicked in, we had positive savings of, in billions,$226.5.

    In 2001 it dwindled to a savings of $ 24.6, 2002,still on the positive side though.

    In 2002 we went to a negative number for the first time. $ -306.9… Whoo Doggies, the bush tax-cuts clicked in big time. 2003=$-415.2. In an attempt not to be out done 2004 brought us,$-387.8.

    By the way while all of this was going on, line #2(Titled Current tax receipts) read 2000=$ 2,202.8 2001=$ 2,163.7,..2002=$ 2,002.1 …2003=$ 2,047.9 …2004, a minuscule climb up to a whopping.=$ 2,213.2,our debt went from a positive $ 226.5 to a negative of $-387.8.

    Only to winger-land is this stroll down the rabbit hole looked upon as a good thing.


    U.S. Department of Commerce. Bureau of Economic Analysis
    What you and far too many don't seem to understand is that the fiscal year of the United States thus the budget period runs from October to September. The Bush tax cuts were in two stages with the first rebate checks being destributed by the end of September 2001, the last month of fiscal year 2001. Lost revenue in 2001 was due mostly to the recession that Bush inherited. The real tax cuts went into effect in July 2003 or almost the end of fiscal year 2003

  3. #653
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by treedancer View Post
    Your right about the tax revenue being heigher in 2004, than it was in 2000 at the bea site.OMB must have a different way of looking at things.

    While you were perusing the site did you happen to notice “Line 27”? “Net government savings”, Thats’ the title. An interesting thing on that line caught my attention. In year 2000, the year before part one of the bush tax-cuts kicked in, we had positive savings of, in billions,$226.5.

    In 2001 it dwindled to a savings of $ 24.6, 2002,still on the positive side though.

    In 2002 we went to a negative number for the first time. $ -306.9… Whoo Doggies, the bush tax-cuts clicked in big time. 2003=$-415.2. In an attempt not to be out done 2004 brought us,$-387.8.

    By the way while all of this was going on, line #2(Titled Current tax receipts) read 2000=$ 2,202.8 2001=$ 2,163.7,..2002=$ 2,002.1 …2003=$ 2,047.9 …2004, a minuscule climb up to a whopping.=$ 2,213.2,our debt went from a positive $ 226.5 to a negative of $-387.8.

    Only to winger-land is this stroll down the rabbit hole looked upon as a good thing.


    U.S. Department of Commerce. Bureau of Economic Analysis
    Do you know what line #28 'Social Insurance fund' and #29 'Other' is? I looked but didn't find any reference.

  4. #654
    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: Poll: Debt ceiling deal should include cuts and tax increases

    QUOTE Conservative

    What you and far too many don't seem to understand is that the fiscal year of the United States thus the budget period runs from October to September. The Bush tax cuts were in two stages with the first rebate checks being destributed by the end of September 2001, the last month of fiscal year 2001.
    Yep,and in 2002 we went to a negative number from a positive number. $ -306.9 "



    Lost revenue in 2001 was due mostly to the recession that Bush inherited. The real tax cuts went into effect in July 2003 or almost the end of fiscal year 2003

    and in 2004 we had a negative of $-387.8.

    HMmm… in four years, bush went from a positive + $226.5, in billions, to a negative a negative $-387.8. According to my Bill Gates calculator that spread is about $614 Billion.If i felt like it i would go into BLS and check how it looked from October, to October.

    It seems to me that the BLS site would have fiscal year postings instead of January to January.Gotta get with Obvious Child and check that one out.He keeps up on that stuff.But I,m sure if it were less than i posted you would be the first to let me know about it.SO I think I,ll go with the numbers I posted.



    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

  5. #655
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 06:31 PM
    Gender
    Lean
    Progressive
    Posts
    10,098

    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Conservative View Post
    Here is what you said and my post refutes that




    What I am waiting for some liberal to do is explain why tax revenue grew AFTER the Tax cuts were fully implemented?

    What is it about liberalism that creates this kind of loyalty? Do your part and send your tax cuts back out of each paycheck since you believe the govt. needs the money more than you do?
    From 2000 to 2006, GDP rose from 34% from $9.8T to $13.3T, while individual income taxes rose 4% from $1T to $1.04T (though total income tax receipts, corporate and individual rose 15% from $1.2T to $1.4T.) That said, in the interim period, while GDP rose year over year, income tax revenue fell 20%. Why, the Bush tax cuts were just a tax cut; a government give away. The Bush tax cuts cost Americans at least $1T over the last decade. Combine that with two unfunded wars with a direct cost in excess of $1T and an indirect cost of $3T and an unfunded programs including Medicare Part D and No Child Left Behind and you have yourself arguably the most fiscally irresponsible presidency and congress in US history. You honestly think we should give these fools another chance? They won't even own up to the mess they created. Sorry, but you are the one that has bought the FOX News rhetoric.

    http://www.gpoaccess.gov/usbudget/fy10/pdf/hist.pdf

    BTW... the burden of proof of substantiating the Bush tax cuts as having any positive effect on the economy remains on you, as you are asserting something that is against conventional wisdom.
    Attached Images Attached Images
    Last edited by upsideguy; 01-05-12 at 02:17 AM.

  6. #656
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 12:03 PM
    Gender
    Lean
    Conservative
    Posts
    76,301

    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by upsideguy View Post
    From 2000 to 2006, GDP rose from 34% from $9.8T to $13.3T, while individual income taxes rose 4% from $1T to $1.04T (though total income tax receipts, corporate and individual rose 15% from $1.2T to $1.4T.) That said, in the interim period, while GDP rose year over year, income tax revenue fell 20%. Why, the Bush tax cuts were just a tax cut; a government give away. The Bush tax cuts cost Americans at least $1T over the last decade. Combine that with two unfunded wars with a direct cost in excess of $1T and an indirect cost of $3T and an unfunded programs including Medicare Part D and No Child Left Behind and you have yourself arguably the most fiscally irresponsible presidency and congress in US history. You honestly think we should give these fools another chance? They won't even own up to the mess they created. Sorry, but you are the one that has bought the FOX News rhetoric.

    http://www.gpoaccess.gov/usbudget/fy10/pdf/hist.pdf

    BTW... the burden of proof of substantiating the Bush tax cuts as having any positive effect on the economy remains on you, as you are asserting something that is against conventional wisdom.
    I'd say that its continual renewal is the proof. If it wasn't having the desired effect, it wouldn't get renewed. That's one thing you can count on with a tax cut.
    "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 66 of 66 FirstFirst ... 1656646566

Posting Permissions

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