g5000
Diamond Member
- Nov 26, 2011
- 127,175
- 70,924
- 2,605
We've all heard the pseudocon Rube Herd parrot the meme that "tax cuts increase revenues". They get this meme from their propagandists and then repeat it unthinkingly.
There are two key facts which expose the lie hidden in that meme. First, the obvious fact is that if you lower tax rates all the way to zero, you have zero revenues. So at some point, tax cuts fail to increase revenues.
The second fact is one which their propagandists deliberately keep from the rubes. This is a deliberate omission, and therefore a deliberately crafted lie. And that fact is that revenues have also increased after a tax INCREASE.
See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf
Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.
Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?
Notice how tax revenues INCREASED after the tax rates went UP a whopping 8.6 points:
FY 1991 - $1.05 trillion.
FY 1992 - $1.09 trillion.
FY 1993 - $1.15 trillion.
FY 1994 - $1.26 trillion.
FY 1995 - $1.35 trillion.
FY 1996 - $1.45 trillion.
FY 1997 - $1.58 trillion.
FY 1998 - $1.72 trillion.
FY 1999 - $1.82 trillion.
FY 2000 - $2.03 trillion
Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!
And after the Bush tax cut expired on the top marginal rate in 2013, federal revenues continued to increase:
FY 2012 - $2.45 trillion.
FY 2013 - $2.77 trillion.
FY 2014 - $3.02 trillion.
FY 2015 - $3.25 trillion.
FY 2016 - $3.27 trillion.
FY 2017 - $3.32 trillion.
So, clearly, increasing or decreasing tax rates a few points here and there has almost nothing to do with revenues.
As Bill Clinton said, "It's the economy, stupid."
By the way, job growth exploded during the higher tax Clinton years. 30 million jobs in 8 years, with less than 5 percent unemployment.
So the next time you are crowing about the current tax rate increasing revenues, you should know your propagandists are counting on you not looking beyond the carefully framed numbers they present to your dumb ass.
But it gets worse. Much worse. You are being even dumber than that.
Because while your pseudocon propagandists are crowing about revenues, they are counting on you not noticing that despite increased revenues, your party and your President are EXPLODING our deficits!
It's called misdirection. A classic magician's trick to fool the rubes.
Trump is on track to blow Obama's debt record wide open. And after whining and whining and whining and whining non-stop for eight years about Obama's spending, your propagandists have gone dark.
And so have you.
The stench of hypocrisy is all over you.
There are two key facts which expose the lie hidden in that meme. First, the obvious fact is that if you lower tax rates all the way to zero, you have zero revenues. So at some point, tax cuts fail to increase revenues.
The second fact is one which their propagandists deliberately keep from the rubes. This is a deliberate omission, and therefore a deliberately crafted lie. And that fact is that revenues have also increased after a tax INCREASE.
See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf
Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.
Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?
Notice how tax revenues INCREASED after the tax rates went UP a whopping 8.6 points:
FY 1991 - $1.05 trillion.
FY 1992 - $1.09 trillion.
FY 1993 - $1.15 trillion.
FY 1994 - $1.26 trillion.
FY 1995 - $1.35 trillion.
FY 1996 - $1.45 trillion.
FY 1997 - $1.58 trillion.
FY 1998 - $1.72 trillion.
FY 1999 - $1.82 trillion.
FY 2000 - $2.03 trillion
Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!
And after the Bush tax cut expired on the top marginal rate in 2013, federal revenues continued to increase:
FY 2012 - $2.45 trillion.
FY 2013 - $2.77 trillion.
FY 2014 - $3.02 trillion.
FY 2015 - $3.25 trillion.
FY 2016 - $3.27 trillion.
FY 2017 - $3.32 trillion.
So, clearly, increasing or decreasing tax rates a few points here and there has almost nothing to do with revenues.
As Bill Clinton said, "It's the economy, stupid."
By the way, job growth exploded during the higher tax Clinton years. 30 million jobs in 8 years, with less than 5 percent unemployment.
So the next time you are crowing about the current tax rate increasing revenues, you should know your propagandists are counting on you not looking beyond the carefully framed numbers they present to your dumb ass.
But it gets worse. Much worse. You are being even dumber than that.
Because while your pseudocon propagandists are crowing about revenues, they are counting on you not noticing that despite increased revenues, your party and your President are EXPLODING our deficits!
It's called misdirection. A classic magician's trick to fool the rubes.
Trump is on track to blow Obama's debt record wide open. And after whining and whining and whining and whining non-stop for eight years about Obama's spending, your propagandists have gone dark.
And so have you.
The stench of hypocrisy is all over you.
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