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Old May 16th, 2018, 08:23 AM   #21
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Originally Posted by imaginethat View Post
Another pitiful orgasm over an alternative presentation of reality (facts).
Then complain to the wsj
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Old May 16th, 2018, 08:26 AM   #22
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I realize this is complicated. Who thought reading could be so hard, but try again, genius.

The government's deficit is the private sector's surplus, and that is a simple fact of accounting. If GDP is $20T, it is because $20T of business was transacted in that year and that the government has $20T of money in circulation to enable that to happen.

Last month, the government sector drained the private sector of $214.5 billion. The private sector shrank by that much as this money was removed from the circular flow of income.

This was your income that you earned.
Using your logic, all taxation is a drain on the private sector.
Ready to switch teams now?
Or, is it your so partisan you would fall on your own sword to have the illusion of actually making a point?
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Old May 16th, 2018, 08:51 AM   #23
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Originally Posted by guy39 View Post
Using your logic, all taxation is a drain on the private sector.
Ready to switch teams now?
Or, is it your so partisan you would fall on your own sword to have the illusion of actually making a point?


I doubt she understood what she posted, so eager was she to attack TNV.
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Old May 16th, 2018, 08:54 AM   #24
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I doubt she understood what she posted, so eager was she to attack TNV.
Bingo.. Their hate blinds them.
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Old May 16th, 2018, 08:57 AM   #25
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Originally Posted by goober View Post
I said a record First Quarter Deficit, which is what the Treasury said.
Record April Receipts, also what the Treasury said.
When you get to third grade, maybe you'll understand how those two can co-exist.
You forgot, 2/3rds of the 1st quarter the government was collecting taxes under the OBAMA TAX CODE.

Remembeer the IRS could not get the tables adjusted in until Mid to the end of Feb.

OOPS..

Now the Tax cuts are in place THEY ARE REVENUE POSTIVE.

Will their be a deficit this year But it will be lower than what was projected by the CBO

BECAUSE THE CBO USED 1.9% GDP growth in it's projections.
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Old May 16th, 2018, 08:58 AM   #26
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Originally Posted by guy39 View Post
Using your logic, all taxation is a drain on the private sector.
Ready to switch teams now?
Or, is it your so partisan you would fall on your own sword to have the illusion of actually making a point?
That had to hurt..
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Old May 16th, 2018, 10:35 AM   #27
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Originally Posted by TNVolunteer73 View Post
You forgot, 2/3rds of the 1st quarter the government was collecting taxes under the OBAMA TAX CODE.

Remembeer the IRS could not get the tables adjusted in until Mid to the end of Feb.

OOPS..

Now the Tax cuts are in place THEY ARE REVENUE POSTIVE.

Will their be a deficit this year But it will be lower than what was projected by the CBO

BECAUSE THE CBO USED 1.9% GDP growth in it's projections.
blah blah blah blah DID YOU NOT READ THE PART WHERE IT SAID hedge fund operators (and thought it didn't say it, other large companies) who have been holding money offshore HAVE TO PAY TAXES ON THAT MONEY AND THE DEAD LINE WAS APPROACHING.

The new tax law gave corporations huge tax cuts. It also gave them a ONE TIME ONLY discount on taxes for money they have been DELIBERATELY keeping off shore to avoid paying taxes on. However the law said EVEN IF THEY DON'T repatriate that money THEY MUST PAY THE TAXES ON IT.

Dozens possibly hundreds of medium and large multinational companies that have been hoarding cash off shore NOW HAVE TO PAY THE TAX ON IT. So yeah April IS going to look good as all those companies pay up !!!! But as I said already IT'S A ONE TIME DEAL. Any attempted claim that is a trend in government revenue is ludicrous.
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Old May 16th, 2018, 02:05 PM   #28
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blah blah blah blah DID YOU NOT READ THE PART WHERE IT SAID hedge fund operators (and thought it didn't say it, other large companies) who have been holding money offshore HAVE TO PAY TAXES ON THAT MONEY AND THE DEAD LINE WAS APPROACHING.

The new tax law gave corporations huge tax cuts. It also gave them a ONE TIME ONLY discount on taxes for money they have been DELIBERATELY keeping off shore to avoid paying taxes on. However the law said EVEN IF THEY DON'T repatriate that money THEY MUST PAY THE TAXES ON IT.

Dozens possibly hundreds of medium and large multinational companies that have been hoarding cash off shore NOW HAVE TO PAY THE TAX ON IT. So yeah April IS going to look good as all those companies pay up !!!! But as I said already IT'S A ONE TIME DEAL. Any attempted claim that is a trend in government revenue is ludicrous.
Blah Blah Blah Hedge Fund Operators you mean the Hedge Fund Operators that got 100s of Billions of the Obama Surplus? Those headge Fund operators

At least Trump is making the Hedge Fund Operator GET THEIR MONEY THE OLD FASHIONED WAY EARN IT by making money for people like my mother and me and of Millions of other people with retirement accounts.

Poor Bubba Goober cannot stand it everything is coming up Trump that is why the 14 point lead the Dems had POOF GONE GONE GONE.
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Old May 16th, 2018, 02:48 PM   #29
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Originally Posted by TNVolunteer73 View Post
You forgot, 2/3rds of the 1st quarter the government was collecting taxes under the OBAMA TAX CODE.

Remembeer the IRS could not get the tables adjusted in until Mid to the end of Feb.

OOPS..

Now the Tax cuts are in place THEY ARE REVENUE POSTIVE.

Will their be a deficit this year But it will be lower than what was projected by the CBO

BECAUSE THE CBO USED 1.9% GDP growth in it's projections.
Now I know why you don't post links to your inane claims.

Do tax cuts pay for themselves? Evidence is thin | PunditFact

Quote:
According to Kleinbard, the 1981 tax cuts triggered massive federal deficits and were largely reversed within three years. The Tax Reform Act of 1986 was basically revenue neutral, he said, meaning tax cuts were virtually offset by spending cuts. He added that President Bill Clinton’s tax hike was followed by robust growth, while the George W. Bush tax cuts led to anemic growth.

None of the experts interviewed cited evidence that tax cuts under President Barack Obama produced sufficient growth to pay for themselves either.

On the contrary, there’s some evidence that tax cuts can be a drag on the economy -- like the 2005 CBO study mentioned earlier.

When the CBO studied the effects of a hypothetical 10 percent income tax cut for Americans, not all the projections were as rosy as the finding above. Under the CBO’s most pessimistic projection, tax cuts would lead to a 3 percent increase in lost revenue over 10 years.

Indeed, tax cuts can have a number of adverse effects that may actually impede growth, according to Kleinbard.

One example is a phenomenon known as the "crowding out" effect. The basic idea is that tax cuts create deficits that cause the government to borrow more money and therefore enter deeper debt, which can make private sector borrowing more expensive.

Our ruling

Foroohar said, "There's no real evidence in the last 20 years that" growth from tax cuts has made up lost revenue.

We searched high and low and found no economic experts who could point us to evidence of tax cuts fully paying for themselves. Neither the modern historical record (using fair benchmarks) nor government analyses we looked at supported the claim that tax cuts create enough growth to eventually offset lost revenue. On the contrary, there’s evidence that tax cuts may actually hinder economic growth.

We rate Foroohar’s statement True.
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Old May 16th, 2018, 04:02 PM   #30
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Originally Posted by guy39 View Post
Using your logic, all taxation is a drain on the private sector.
Ready to switch teams now?
Or, is it your so partisan you would fall on your own sword to have the illusion of actually making a point?


Did any of you actually READ the article in the WSJ? Doubtful.


Get back to me when you've actually read the article: TN, SAB, SPU and Guy.

OH THAT'S right. NONE of you have a subscription.
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