boilermaker55
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*Dozen Eggs: $4.50 Dollar General*
- Thread starter chesswarsnow
- Start date
AntonToo
Diamond Member
- Jun 13, 2016
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Well if not having tax-cuts COSTS US A LOT, then why don't we get even more tax cuts?
Oh wait I remember why - because our budget is in deep red as far as the eye can see.
Mos tlikely reality is that there will be negotiations to raise some tax rates and cut some spending, like what happened during Obama years and Bush's expiring tax cuts.
Treasury revenues were way up after the Trump tax cuts because far more people were working and paying taxes and paying more in taxes because their incomes were up too.
Even Investor's Daily, one of the most anti-Trump publications out there, admitted it:
Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts
Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal 2018.
www.investors.com
AntonToo
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Treasury revenues were way up after the Trump tax cuts because far more people were working and paying taxes and paying more in taxes because their incomes were up too.
Even Investor's Daily, one of the most anti-Trump publications out there, admitted it:
Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts
Critics of the Trump tax cuts said they would blow a hole in the deficit. Yet individual income taxes climbed 6% in the just-ended fiscal 2018.
Bullshit, I personally tracked down monthly federal personal income reciepts and they were all well bellow projected baseline.
Revenues are down down dow
June revenue numbers are out and it ain't looking pretty for our fiscal situation. Free lunch tax-cut theorists need to pay attention here. Compared to same period in FY2017: Oct 18 + $14B Nov 18 + $8B Dec 18 + $7B Jan 18 + $17B
www.usmessageboard.com
Clearly revenues were at higher levels before Bush and Trump tax-cuts and there are no serious economists buying tax-cut cult free lunch myths.
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We are talking treasury revenues, not free lunches. But during the Trump years millions no longer need SNAP or free lunches because they were doing so much better financially.Bullshit, I personally tracked down monthly federal personal income reciepts and they were all well bellow projected baseline.
Revenues are down down dow
June revenue numbers are out and it ain't looking pretty for our fiscal situation. Free lunch tax-cut theorists need to pay attention here. Compared to same period in FY2017: Oct 18 + $14B Nov 18 + $8B Dec 18 + $7B Jan 18 + $17B
There are no serious economists buying tax-cut cult free lunch stories.
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U.S. Federal Government Tax Revenue
The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year.
Factcheck.org, another consistently anti-Trump publication, did its damndest to downplay the effect of the Trump economy but had to admit Trump policies didn't hurt anybody:
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AntonToo
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You are talking about taxing people less and at the same time collecting more revenues. Thats what is reffered to in economics as a free-lunch policy, where everyone wins.
Who DOESN'T want to pay less taxes? Who doesn't want for government to also collect more revenues at the same time?
It's just that it sounds too good to be true...BECAUSE IT IS. Left or right, there are no serious economists that think that the reduction of current tax rates would result in so much efficiency gain that it would fully offset the first order revenue loss.
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The figures don't lie. You have 10 people working paying $10 each in taxes = $100
You have 15 people working paying $8 each in taxes = $120
Government policy can't be measured by a single qualifier. You have to consider the overall affect on people's behavior generated by that government policy.
Example: Bush 41's new taxes on the rich--the tax initiative that cost him his re-election--was supposed to bring down what then was an unacceptable deficit. Instead it drove much of our precious metals and jewelry industry off shore and decimated our private boat and airplane industries putting thousands out of work. The rich simply went out of country to purchase their toys and shiny things. And all that contributed to the recession coupled with high unemployment, inflation, interest rates that Carter's mismanaged and made even worse.
Good government does not look to the rich to alleviate the problems of the poor. Good government looks for ways to enable the poor to get themselves out of poverty.
Trump's tax and other reforms not only put more money into people's pockets that created a thriving economy, but they encouraged more entrepreneurship, business expansion, hiring, people could move out of part time jobs into permanent full time jobs with improved salaries and benefits that helped ALL demographics, most especially many minority groups and the hardcore unemployed that were able to become employed.
Biden and Kamala's intention to reverse all that with their own anti-business, anti-prosperity programs is not just bad government. It is insane.
elektra
Diamond Member
With government intervention, laws, rules, regulations, and codes, there is no free market.Still cannot see your way of trying to understand the free market!
Try again Al!
I could care less if you post as a partisan biased blindly loyal democrat hack. People of intelligence will read my replies to you and know that the democrat party is the party of low IQ partisan hacks.
AntonToo
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You have silly stories about 50% increased employment from 20% tax cut based on absolutely nothing except your fantasies.
Leave economics to economists unless you want to seriously study the subject. Your sandbox castles are not convincing.
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chesswarsnow
"SASQUATCH IS WATCHING"
- Thread starter
- #230
Sorry bout that,
1. Well took the family to Kroger and I must say, (Krogers Pretty Good)!
2. Eggs were $2.59, and we just went ahead and got two dozen.
3. We use a lot of eggs.
4. Also bought some chicken wings, they were already cooked, and man, they were the best we ever had, puts the other stores to shame Brookshire's, Walmart, Albertsons..
5. Some variety cookies, they were real good, gallon of milk cost me $2.99 DG is $3.90, spent under, $200.00, $168.00 to be exact.
6. Bought gas too, went to Kroger gas paid, $2.78 a gallon, far cheaper than gas stations around my house.
7. Im not going back there to DG, they will see less of me.
Regards,
SirJamesoofTexas
1. Well took the family to Kroger and I must say, (Krogers Pretty Good)!
2. Eggs were $2.59, and we just went ahead and got two dozen.
3. We use a lot of eggs.
4. Also bought some chicken wings, they were already cooked, and man, they were the best we ever had, puts the other stores to shame Brookshire's, Walmart, Albertsons..
5. Some variety cookies, they were real good, gallon of milk cost me $2.99 DG is $3.90, spent under, $200.00, $168.00 to be exact.
6. Bought gas too, went to Kroger gas paid, $2.78 a gallon, far cheaper than gas stations around my house.
7. Im not going back there to DG, they will see less of me.
Regards,
SirJamesoofTexas
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Obviously, the minute the Dems got in, egg prices skyrocketed. As did ALL groceries. And gasoline. Your graph shows it clearly.Dumbass egg prices go up and down, they are not any one set price for the duration of a presidency and Tusla is just one city in one state.
Annual US inflation was NEVER 1% during Trump presidency:
AntonToo
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AntonToo
Diamond Member
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The only thing obvious here is how stupid you are to suggest that some one man “getting in” caused the global inflation.
Prices skyrocketed the minuet economic standstill ended and people started consuming again dum dum.
boilermaker55
Gold Member
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Whoa, back off there Al.....you had better go back to the teachings and the buzz words of the great and "powerful" Right.
Speaking of low IQ, seems you are the epitome of ignorance and I hesitate to use the real word to identify you.
Get back to us when you can!
Speaking of low IQ, seems you are the epitome of ignorance and I hesitate to use the real word to identify you.
Get back to us when you can!
When Trump was in charge we could buy 40 eggs for $3.50 last time I looked, before I was hospitalized over a year ago, they were $9.
elektra
Diamond Member
Low IQ, yet you are the one that can only respond with a long winded contradiction.
How about actually quoting, commenting on the quote and offering a reply with substance instead of your low IQ troll, flame, insult
That's what happens when you price gouge. Why charge $3.50 when you can charge $9
that is what happens when Biden spends money he doesn't have.
elektra
Diamond Member
But, the democrats dictated it is price gouging so that is what it is.
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