CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats

Discussion in 'Economy' started by McRocket, Aug 13, 2018.

  1. MarathonMike
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    MarathonMike Platinum Member

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    Wow the geniuses at the CBO SLIGHTLY lower their guess on growth based on some SWAG on what the effects of Tariffs MIGHT be. Oh man should I sell my house and hide in the mountains? I'm skeered! :auiqs.jpg:
     
  2. Aldo Raine
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    Aldo Raine Gold Member

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    Gotcha, my bad and I have no idea about that piece. However looking through several other articles 11 seems to be a consistent number I have seen.
     
  3. Aldo Raine
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    Aldo Raine Gold Member

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    I am actually for a car power tax rate for all. 15% flat tax with no expenditures. I have had several(far more qualified people than me suggest this may not be the best way) they have suggested a consumption tax on all purchases but good and work clothing. I have not really looked into it much because I do not fully understand it and nobody seems to be able to give a solid number on what that tax would be. Also how would state and local taxes be out into place, interesting topic though.
     
  4. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /——/ Here in the Bahamas they have a flat 7.5% VAT on everything, no income, cap gains or inheritance tax.
     
  5. Aldo Raine
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    Aldo Raine Gold Member

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    That may be to low of a date to start here, we are $22,000,000,000,000 in debt. But once debt paid the effective rate could easily be dropped lower as long as DC keeps their greedy fingers out of it.
     
    • Agree Agree x 1
  6. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    11 seems to be a consistent number I have seen.

    Yes, hacks copying hacks would give the same result.
    No real data needed.
     

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