tax cuts for wealthy dont stimulate the economy:study

[CrusaderFrank]

Why won't Obama run on a 90% tax rate?

 

[Truthmatters]

Which tax cuts stimulate the economy? | Tax Break



“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

It doesnt work like you dupes are told to mouth

 

[Truthmatters]

Why won't Obama run on a 90% tax rate?

because the corprations own nearly everything including the MSM

 

[DiamondDave]

want to balence the budget?


do what clinton did and we will have a bidget surplus AGAIN!

1) there WAS NO SURPLUS and there has not been one since 1957
2) You want to balance the budget, stop having ~47% not having a stake in the game and cut the fucking spending

fuck off you lying sack of shit.

there was a budget surplus and that is fact

Government - Historical Debt Outstanding - Annual 1950 - 1999
Government - Historical Debt Outstanding - Annual 2000 - 2010

No.. there was not...


Having an income of 50K, spending 79K and borrowing/taking from your mom 30K does not mean you are running a surplus... it means, just as Clinton did, you cooked the books to make it seem that way... what you took from another source that you have to pay back is not income

 

[Truthmatters]

I gave you people a study and all you did was deny it.


You only accept information you like.

guess what that makes your decisions worth?


partisan bather is their value

 

[DiamondDave]

everyone has the same taxes on the same amount of money.


If you make billions YOU will be taxed the same as any billionaire.

get it dupe

When you do not treat every dollar the same from every citizen without exemption, exception, loophole, or deduction, THEN you have equality in treatment.. what you have no is selective pandering thru unequal treatment


A progressive tax BY DEFINITION is not equality in treatment

 

[DiamondDave]

I gave you people a study and all you did was deny it.


You only accept information you like.

guess what that makes your decisions worth?


partisan bather is their value

You gave a blog writeup

 

[Truthmatters]

Budget Surplus: Definition from Answers.com

 

[TakeAStepBack]

You're the biggest wingnut simpleton I've ever come across. Ever.

The austrian school of economics is veiwed by the vast majority of economists as the short bus school.

Its a fact they are the minority and out of favor with the experts in this world

That's right. Central planners want to centrally plan and think they know how to do it. Color me fucking shocked.

And yet, they fail miserably at it. They know the Austrian school is right, they just dont want to face the reality that they can't play economic god successfully. These modern "experts" in the field are witch doctors that do nothing but fuck shit up. And you're dumb enough to look to them for the solution.

Like I said, you're a fucking simpleton.

 

[Truthmatters]

Which tax cuts stimulate the economy? | Tax Break



“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

Owen M. Zidar, a graduate economics student at the University of California at Berkeley, and a former staff economist on the White House Council of Economic Advisers for President Obama, has taken another crack at it, sifting through the data, using the National Bureau of Economic Research’s tax simulation model. Zidar looked at state level income and economic data.

He reasoned that “if tax cuts for high income earners generate substantial economic activity, then states with a large share of high income taxpayers should grow faster following a tax cut for high income earners.” The data show that tax cuts at the top, though, do not result in faster growth in states with more high-earners.

“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

 

[TakeAStepBack]

You just proved that a tax increase to revenue is statistically insignificant. You're not very bright, but we knew that.

 

[Truthmatters]

he used exsisting real data on all the states.

Tax cuts for the wealthy did not show a job creation trend.

 

[DiamondDave]

Budget Surplus: Definition from Answers.com

I gave you the ACTUAL numbers that shows the debt NEVER went down... you can claim what was in the budget all you want... in REALITY there was never a surplus... I can show one thing on paper and another in actual result as well.. just because I claim one thing on paper does not make it true

The last time there was lower debt one fiscal year to the other was 1957.. FACT.. meaning more was brought in than what was spent

 

[DiamondDave]

he used exsisting real data on all the states.

Tax cuts for the wealthy did not show a job creation trend.

b-l-o-g opinion

 

[Truthmatters]

The austrian school of economics is veiwed by the vast majority of economists as the short bus school.

Its a fact they are the minority and out of favor with the experts in this world

That's right. Central planners want to centrally plan and think they know how to do it. Color me fucking shocked.

And yet, they fail miserably at it. They know the Austrian school is right, they just dont want to face the reality that they can't play economic god successfully. These modern "experts" in the field are witch doctors that do nothing but fuck shit up. And you're dumb enough to look to them for the solution.

Like I said, you're a fucking simpleton.

because you SIDE with them on NO PROOF they are right is not reliable data to base an adult decision on.



whine away that your heros are called wrong by the majority of the field.

It just makes you look crazier

 

[Truthmatters]

he used exsisting real data on all the states.

Tax cuts for the wealthy did not show a job creation trend.

b-l-o-g opinion

lying wont change that the study was conclusive

 

[JWBooth]

Which tax cuts stimulate the economy? | Tax Break



“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

Owen M. Zidar, a graduate economics student at the University of California at Berkeley, and a former staff economist on the White House Council of Economic Advisers for President Obama, has taken another crack at it, sifting through the data, using the National Bureau of Economic Research’s tax simulation model. Zidar looked at state level income and economic data.

He reasoned that “if tax cuts for high income earners generate substantial economic activity, then states with a large share of high income taxpayers should grow faster following a tax cut for high income earners.” The data show that tax cuts at the top, though, do not result in faster growth in states with more high-earners.

“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”

Dumbass
With deductions and the earned income tax credit, a sizable number below $100k pay no income taxes and many have a negative tax debt, meaning they get money from the government that was never paid in to begin with.

So whose taxes are you gonna cut?

Pendejita.

 

[Truthmatters]

from 1950 to 1963 the top tax rate was over 90%.


remember when the US had the best schools in the world and the best infrastructure?

 

[Lonestar_logic]

want to balence the budget?


do what clinton did and we will have a bidget surplus AGAIN!

1) there WAS NO SURPLUS and there has not been one since 1957
2) You want to balance the budget, stop having ~47% not having a stake in the game and cut the fucking spending

fuck off you lying sack of shit.

there was a budget surplus and that is fact

Clinton ran deficits throught all 8 years of his term, and one can go to the US Treasury Department and looking through the history of the total outstanding debt through Clintons term.

Every year Clinton was in office, the total national debt continued to climb.

How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others

Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit.
($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit).

If there is ever a true surplus, then the national debt will go down.


The national debt did not go down one year during the Clinton administration

 

[Truthmatters]

In our own near past these tax rates have proven to work like dems claim.

NEVER on the face of the earth have tax cuts worked as you fools claim