healthmyths
Platinum Member
- Sep 19, 2011
- 29,359
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The real operative I took out of Romney's debate was RAISING THE NUMBER of people that PAY TAXES!!!
And that's done by increasing employment.
For every 1 million people hired at $30,000 a year $5 billion a year in SS/Medicare taxes ALONE NOT COUNTING income tax revenue would be raised!
Now assuming to live each of these 1 million WERE UNEMPLOYED and received Unemployment and food stamps ELIMINATING $5 billion in expenses!
A net swing of $10 billion a year for every 1 million having jobs!
And this is NOT counting the net affect of the multiplier affect i.e. for every $1 million spent in the economy it is multiplied by 1.18 million.
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
The multiplier to be assigned to a dollars worth of retail sales (as measured at the cash register) for the state of
Iowa is 1.188 ($ 1 million + $.188042 million).**Every dollar that you spend results in $.188 in industrial output (mostly sales) in the rest of the economy
Each job in auto manufacturing generates 9 additional jobs.. advertising, local McD's etc...
So Romney REALLY wants to focus LIKE A LASER doing everything to increase JOB creation!
This means TAX repatriation forgiveness for the nearly $1 trillion held offshore with CREDITS for bring the money back and creating JOBS!!
And that's done by increasing employment.
For every 1 million people hired at $30,000 a year $5 billion a year in SS/Medicare taxes ALONE NOT COUNTING income tax revenue would be raised!
Now assuming to live each of these 1 million WERE UNEMPLOYED and received Unemployment and food stamps ELIMINATING $5 billion in expenses!
A net swing of $10 billion a year for every 1 million having jobs!
And this is NOT counting the net affect of the multiplier affect i.e. for every $1 million spent in the economy it is multiplied by 1.18 million.
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
The multiplier to be assigned to a dollars worth of retail sales (as measured at the cash register) for the state of
Iowa is 1.188 ($ 1 million + $.188042 million).**Every dollar that you spend results in $.188 in industrial output (mostly sales) in the rest of the economy
Each job in auto manufacturing generates 9 additional jobs.. advertising, local McD's etc...
So Romney REALLY wants to focus LIKE A LASER doing everything to increase JOB creation!
This means TAX repatriation forgiveness for the nearly $1 trillion held offshore with CREDITS for bring the money back and creating JOBS!!