$79 Billion a year in additional tax revenue The Dems are after!!!

Discussion in 'Politics' started by healthmyths, Nov 29, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    I really don't understand WHY anyone especially the Dems/Obama supporters don't just go to the IRS (LIKE I HAVE!!!) and see how much more money would be paid by taxpayers earning over $200,000 and do as I did, see 3,895,526 tax returns in 2009 reported a gross income of over
    $1,724,161,875,000. Now it is so simple to multiple that $1.7 trillion by Bush's cuts from 39.6% to 35% or 4.6%!

    So children.. what is the answer??

    $1,724,161,875,000 X 4.6% = $79,311,446,000...
    Yes that's IT! For $80 billion more collected by the IRS from those 3,895,526 taxpayers it will last 11 days!

    You don't believe me do as I did download this file from this web site:
    SOI Tax Stats - Individual Statistical Tables by Size of Adjusted Gross Income

    It's the 2009 Tax Return analysis provided DIRECTLY from the IRS!
    "Table 1.1 Selected Income and Tax Items, by Size and Accumulated Size of Adjusted Gross Income, Tax Year 2009"

    BUT there is more!!!
    The economic multiplier states for every $1 million spent is multiplied by 1.18 or the economy grows with that $80 billion to $94.4 billion.
    Taxes, payroll taxes, new employees

    • $1.188 million in total economic activity takes place for every $1 million spent..
    • Each $1 million spent provides $205,829 in labor incomes
    • Each $1 million represents 7.7 workers and assuming 35% (payroll taxes, FICA, FUTA, Medicare, SS) ($80 billion equals 726,880 jobs!
    www2.econ.iastate.edu/research/webpapers/paper_13143.pdf

    But what do the FACTS have to do with Obama/Democrats??? They just make up numbers like "50 million uninsured"!!!
     
  2. healthmyths
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    healthmyths Gold Member Supporting Member

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    One of the biggest criticism of this board is a majority of contributors are lazy!
    Lazy because they generally don't provide ANY substantiation as I have directly from the IRS!

    Here we have countless talking heads, members of congress all guessing as to what the effect on tax revenue by raising the tax to 39.6% and we have here the plain simple unvarnished FACTS directly from the IRS!!!

    The most that could be received based on 2009 FACTS is $80 billion!

    SO all of you out there that are using hyperbole, guesses, wild eyed hysteria.. FACT is $80 billion would be added!
     
  3. Grandma
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    Grandma Geezer Chick Supporting Member

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    So... having $80B more per year is a problem???
     
  4. healthmyths
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    healthmyths Gold Member Supporting Member

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    YES because TAKING $80 billion out of the economy is really $94 billion due to the economic multiplier affect!

    YES because if NO ONE cuts this $400 billion in WASTED duplicated tax money!

    The Government Accountability Office (GAO) issued its annual report on government duplication today.
    This is the second year of a three-year process, during which the GAO will comprehensively review the federal government to identify duplication, fragmentation, and waste.
    Since the review’s inception, GAO has found 66 areas of duplication encompassing over 1,500 individual programs.
    This year, GAO identified 32 new areas of duplication and 19 additional areas of waste and inefficiency.
    The report cites duplication in almost a thousand individual programs, costing taxpayers over $300 billion per year.
    This is on top of more than $100 billion identified in last year’s report.

    Examples include:
    • - $3 billion spent on over 200 STEM (Science, Technology, Engineering, and Math) education programs. GAO stated that since 2005, when it first looked at this issue, “the majority of [STEM] programs have not conducted comprehensive evaluations of how well their programs are working.”
    • - 37 uncoordinated EPA laboratories and 94 “green building” programs for which costs cannot be determined because “information agencies provided was incomplete and unreliable.”
    • - $736 million spent on 14 different diesel emissions programs and federal funding for 55 surface freight transportation programs.
    • - 160 various housing assistance programs at a cost of $170 billion annually.

    -- 82 duplicative teacher quality programs. One year later, none of the identified programs have been consolidated or eliminated.
    -- 18 duplicative domestic food and nutrition programs where “no executive action [has been] taken,” at total cost of $62.5 billion.

    http://budget.senate.gov/republican/public/index.cfm/files/serve?File_id=5b942c34-d1e5-49de-be92-a85dad8aa191&SK=42ED5BBA6767481D74B2057AC359ACD4
     
  5. healthmyths
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    healthmyths Gold Member Supporting Member

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    WHY is it acceptable to INCREASE tax revenue by $80 billion while $400 billion a year is being WASTED!

    I mean those of you in favor of ADDING $80 billion in REVENUE to be used in duplicate efforts that cost $400 billion ... YOU are literally crazy!

    Why is it so hard to go after the $400 billion in waste that comes SIMPLY from 100s of programs that are duplicates!
    That haven't any measures to the effectiveness of the programs! Really are you people NUTS to want $80 billion that is going to be simply thrown away??
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    obama knows what effect raising taxes would have. If he didn't know, he was told during the debates in 2008. It doesn't MATTER if more revenue is raised by lowering taxes if it's not FAIR.
     
  7. LeftCoastVoter
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    LeftCoastVoter Member

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    what is $94.4B over 10 years? $994B. this is an extra trillion in revenue which is what they have been stating all along.

    this coupled with the $3T in spending cuts over the next 10 years is the exact make up for the $4T grand bargain.

    however Boehner and the GOP walked away from the deal and now we have the so called "fiscal cliff" we are currently facing.

    Grand Bargain Documents: Obama, Debt Ceiling - Business Insider
     
  8. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Is it not true that I have caught you lying your ass off about people on Medicaid not being counted as insured several times, but you just keep on repeating that lie?
    By the way, do you think your usage of capitalizing words is effective? :lol:
     
  9. Politico
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    Politico Gold Member

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    Wow. Shame that doesn't offset the extra spending increases they want.
     
  10. DiamondDave
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    DiamondDave Army Vet

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    Uhh.. there are no new or additional spending cuts... that bullshit was already debunked... just like the 'Obama only added 1T in new spending' chant
     

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