- Sep 19, 2011
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Most of you are evidently unaware of
"Net operating Losses" NOL allowances.
What affect do you think NOL had on U.S. tax revenue considering this:
1) The Stock Market Crash of 2000-2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002.[13]
The 9/11 terrorist destruction of the World Trade Center's Twin Towers, killing almost 700 employees of Cantor-Fitzgerald, accelerated the stock market drop; the NYSE suspended trading for four sessions.
Dot-com bubble - Wikipedia, the free encyclopedia
If using the IRS rule that $3,000 for 30 years can be written off against income thus reducing Federal tax revenue by at least $166 billion a year starting with 2002 and on.
Then considering the worst hurricane seasons (plural) in history that had
And 4 of the TOP MOST EXPENSIVE ($240 Billion ) hurricanes???
#1 Hurricane Katrina August 2005 Louisiana
The most destructive hurricane in US History caused an estimated
$100 - $200 billion in damage.
#3 Hurricane Charley August 13 - 14, 2004 Florida causing
$15 billion in damage
#4 Hurricane Ivan September 16 - 24, 2004 Southeastern
United States $14.2 billion in damage in its wake.
#8 Hurricane Frances September 5, 2004 Florida caused
$8.9 billion in damage.
http://www.epicdisasters.com/index.php/site/comments/the_ten_costliest_us_hurricanes/
Add those losses to the $166 billion how much tax revenue was lost from 2002 up through today?
If the above events which evidently people have forgotten HAD not occurred there would
have been a $101.2 billion surplus in 2008!
Actual expenditures dot.com/911 worst hurricane seasons in history.
2001 2002 2003 2004 2005 2006 2007 2008
$3,220 $3,422 $3,624 $3,827 $4,109 $4,319 $4,636 $5,020
So the actual deficit
($101.9) (165.2) 42.5 382.7 446.6 176.1 (679.6)$101.2 billion in surplus IF those events had not occurred.
BUT THEY DID HAPPEN!
Could the dot.com been avoided?
Could 9/11 been prevented?
Could hurricanes been avoided?
ALL events that ONLY a God like Obama could have prevented..right?
Or should we continue to "BLAMEBUSH"???
"Net operating Losses" NOL allowances.
What affect do you think NOL had on U.S. tax revenue considering this:
1) The Stock Market Crash of 2000-2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002.[13]
The 9/11 terrorist destruction of the World Trade Center's Twin Towers, killing almost 700 employees of Cantor-Fitzgerald, accelerated the stock market drop; the NYSE suspended trading for four sessions.
Dot-com bubble - Wikipedia, the free encyclopedia
If using the IRS rule that $3,000 for 30 years can be written off against income thus reducing Federal tax revenue by at least $166 billion a year starting with 2002 and on.
Then considering the worst hurricane seasons (plural) in history that had
And 4 of the TOP MOST EXPENSIVE ($240 Billion ) hurricanes???
#1 Hurricane Katrina August 2005 Louisiana
The most destructive hurricane in US History caused an estimated
$100 - $200 billion in damage.
#3 Hurricane Charley August 13 - 14, 2004 Florida causing
$15 billion in damage
#4 Hurricane Ivan September 16 - 24, 2004 Southeastern
United States $14.2 billion in damage in its wake.
#8 Hurricane Frances September 5, 2004 Florida caused
$8.9 billion in damage.
http://www.epicdisasters.com/index.php/site/comments/the_ten_costliest_us_hurricanes/
Add those losses to the $166 billion how much tax revenue was lost from 2002 up through today?
If the above events which evidently people have forgotten HAD not occurred there would
have been a $101.2 billion surplus in 2008!
Actual expenditures dot.com/911 worst hurricane seasons in history.
2001 2002 2003 2004 2005 2006 2007 2008
$3,220 $3,422 $3,624 $3,827 $4,109 $4,319 $4,636 $5,020
So the actual deficit
($101.9) (165.2) 42.5 382.7 446.6 176.1 (679.6)
BUT THEY DID HAPPEN!
Could the dot.com been avoided?
Could 9/11 been prevented?
Could hurricanes been avoided?
ALL events that ONLY a God like Obama could have prevented..right?
Or should we continue to "BLAMEBUSH"???
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