Longshoreman's Union VP Has a Message About Trump That Will Likely Sicken Dems

[Moonglow]

/—-/ no one advocates were zero revenues are infinite. That’s just you being frustrated that the democRATs have been lying to you for decades.
From the CBO.
Post 127:
In 2021 and 2022, revenues were significantly higher than CBO projected when it projected the TCJA would increase deficits by more than $500 billion for those two years, but by 2023, revenues had returned to the CBO’s projected level

Inflation can increase tax revenue in some ways, but it can also decrease it in others:

• Increased tax base: Inflation can increase the tax base by increasing the prices of goods and services. This can increase revenue from monetary taxes, such as VAT.
  
  
• Higher income tax brackets: Inflation can push taxpayers into higher tax brackets, even if their real purchasing power doesn't increase. This is known as "fiscal drag".
  
  
• Reduced value of tax credits, deductions, and exemptions: Inflation can reduce the value of tax credits, deductions, and exemptions.
  
  
• Eroded value of taxes, fees, and penalties: Inflation can erode the value of taxes, fees, and penalties over time.
  
  
• Decreased consumer and business spending: High inflation can lead to decreased consumer and business spending, which can weaken collections.
  

Tax systems that are fully neutral to inflation are rare. However, some minor adjustments can address the greatest effects of inflation on revenue and efficiency. These adjustments include: Introducing a system of advance payments or provisional payments, Shortening payment periods, and Indexing tax payments

 

[Cellblock2429]

Inflation can increase tax revenue in some ways, but it can also decrease it in others:

• Increased tax base: Inflation can increase the tax base by increasing the prices of goods and services. This can increase revenue from monetary taxes, such as VAT.
  
  
• Higher income tax brackets: Inflation can push taxpayers into higher tax brackets, even if their real purchasing power doesn't increase. This is known as "fiscal drag".
  
  
• Reduced value of tax credits, deductions, and exemptions: Inflation can reduce the value of tax credits, deductions, and exemptions.
  
  
• Eroded value of taxes, fees, and penalties: Inflation can erode the value of taxes, fees, and penalties over time.
  
  
• Decreased consumer and business spending: High inflation can lead to decreased consumer and business spending, which can weaken collections.

Tax systems that are fully neutral to inflation are rare. However, some minor adjustments can address the greatest effects of inflation on revenue and efficiency. These adjustments include: Introducing a system of advance payments or provisional payments, Shortening payment periods, and Indexing tax payments

/—-/ So you’re saying the CBO is lying?

 

[Moonglow]

/—-/ So you’re saying the CBO is lying?

Everyone is lying even yous.

Inflation Is Surging, So Are Federal Tax Collections​

Tax Foundation
https://taxfoundation.org › Blog




Oct 13, 2022 — Federal tax collections hit a record high of $4.9 trillion in nominal dollars for the fiscal year (FY) 2022 that ended September 30, which is $850 billion more ...

 

[justoffal]

Only in slack jaw yokel land.

Those idiots believe, from their stupid, stupid logic, that if tax rate is zero, revenue is infinite.

Best to leave them to it.

Nope........

Everyone is lying even yous.

Inflation Is Surging, So Are Federal Tax Collections​

View attachment 1056473
Tax Foundation
https://taxfoundation.org › Blog




Oct 13, 2022 — Federal tax collections hit a record high of $4.9 trillion in nominal dollars for the fiscal year (FY) 2022 that ended September 30, which is $850 billion more ...

Probably half of that 850 is dollar rot.

 

[cnm]

no one advocates were zero revenues are infinite.

Tax rate reductions
Increases revenue
Every single time without fail.

You do logic, right?

So according to the logic in the post above, if tax rates are halved revenue will increase.
If tax rates are then reduced to 1% of the halved rate, revenue will increase.

If tax rates are further reduced to 1% of 1% of the halved rate, revenue will increase.

Obviously, infinite reductions will give infinite revenue increases.

But silly me, I'm in slack jawed yokel land.

 

[justoffal]

You do logic, right?

So according to the logic in the post above, if tax rates are halved revenue will increase.
If tax rates are then reduced to 1% of the halved rate, revenue will increase.

If tax rates are further reduced to 1% of 1% of the halved rate, revenue will increase.

Obviously, infinite reductions will give infinite revenue increases.

But silly me, I'm in slack jawed yokel land.

Laffer curve..... Revenues become zero at 100% taxation.

 

[Billiejeens]

You do logic, right?

So according to the logic in the post above, if tax rates are halved revenue will increase.
If tax rates are then reduced to 1% of the halved rate, revenue will increase.

If tax rates are further reduced to 1% of 1% of the halved rate, revenue will increase.

Obviously, infinite reductions will give infinite revenue increases.

But silly me, I'm in slack jawed yokel land.

You are also an idiot.

 

[Billiejeens]

Only in slack jaw yokel land.

Those idiots believe, from their stupid, stupid logic, that if tax rate is zero, revenue is infinite.

Best to leave them to it.

No one said that.

 

[AZrailwhale]

Unions are continuing to decline because their rank and file put their racism above their economic interests.

And frankly, they kind of deserve it.



If you are so useless that your job can be done by a machine, that's on you, isn't it?

Bullshit. Union membership is declining because union leadership put politics above the welfare of their members.

 

[Cellblock2429]

You do logic, right?

So according to the logic in the post above, if tax rates are halved revenue will increase.
If tax rates are then reduced to 1% of the halved rate, revenue will increase.

If tax rates are further reduced to 1% of 1% of the halved rate, revenue will increase.

Obviously, infinite reductions will give infinite revenue increases.

But silly me, I'm in slack jawed yokel land.

/——/ “So according to the logic in the post above, if tax rates are halved revenue will increase.”
No, you moron. That’s just you taking it to extremes. There is a point of diminishing returns.
It’s like a doctor saying we should drink 8 glasses of water a day, and you chirp in, “So that logic means drinking 80 glasses of water a day is even better.”
Now feel free to prove the CBO wrong.

 

[Cellblock2429]

Inflation can increase tax revenue in some ways, but it can also decrease it in others:

• Increased tax base: Inflation can increase the tax base by increasing the prices of goods and services. This can increase revenue from monetary taxes, such as VAT.
  
  
• Higher income tax brackets: Inflation can push taxpayers into higher tax brackets, even if their real purchasing power doesn't increase. This is known as "fiscal drag".
  
  
• Reduced value of tax credits, deductions, and exemptions: Inflation can reduce the value of tax credits, deductions, and exemptions.
  
  
• Eroded value of taxes, fees, and penalties: Inflation can erode the value of taxes, fees, and penalties over time.
  
  
• Decreased consumer and business spending: High inflation can lead to decreased consumer and business spending, which can weaken collections.

Tax systems that are fully neutral to inflation are rare. However, some minor adjustments can address the greatest effects of inflation on revenue and efficiency. These adjustments include: Introducing a system of advance payments or provisional payments, Shortening payment periods, and Indexing tax payments

/---/ "This can increase revenue from monetary taxes, such as VAT."
Some valid points, but we don't have a VAT.

 

[JoeB131]

Republicans ran the table as I just showed. If you want to hang onto gaining in the House and still losing it, go for it. Back to Trump, the Democrats couldn’t even win 1 out of 7 swing states. You got swept..

They barely scraped by against a crippled opponent.

That's really nothing to boast about. Especially WHEN the country slips back into recession.

gonna suck to be you guys.

 

[JoeB131]

/—-/ It doesn’t change the fact that tax cuts increase revenue to the treasury.

does nothing of the sort.

How do you explain how every time the GOP cuts taxes, deficits balloon?

Trump added 8 Trillion in debt in four years. A record for a single term. (I'm sure he'll add a lot more in his second term.)

 

[JoeB131]

Bullshit. Union membership is declining because union leadership put politics above the welfare of their members.

Union Membership is declining because the GOP has been waging war on unions for the last 40 years, starting with Reagan firing the PATCO workers.

 

[LeftofLeft]

They barely scraped by against a crippled opponent.

That's really nothing to boast about. Especially WHEN the country slips back into recession.

gonna suck to be you guys.

Based on everything you listed yet your side could not even win ONE of the following:

White House
Senate
House
Arizona
Georgia
Wisconsin
Michigan
Pennsylvania
North Carolina
Nevada

It really sucks to be on your side now.

 

[Jarlaxle]

The longshoreman's union has been gorging at the trough for decades-now, they want to lick the plate.

Treat them like PATCO.

 

[initforme]

The longshoreman's union has been gorging at the trough for decades-now, they want to lick the plate.

Treat them like PATCO.

Want people to work then pay them.

 

[JoeB131]

Based on everything you listed yet your side could not even win ONE of the following:

Well, that's not entirely true, either, since the Dems gained in the House and retained most of their senate seats in the swing states. (WI, AZ, MI, etc.)

Look, guy, here's the thing, I know winning the popular vote is a new and exciting experience for you, but the one thing I've learned is that nothing is more transitory than electoral success.

You guys will be turned out on your asses in 2026 and 2028.

 

[LeftofLeft]

Well, that's not entirely true, either, since the Dems gained in the House and retained most of their senate seats in the swing states. (WI, AZ, MI, etc.)

Look, guy, here's the thing, I know winning the popular vote is a new and exciting experience for you, but the one thing I've learned is that nothing is more transitory than electoral success.

You guys will be turned out on your asses in 2026 and 2028.

You are splitting hairs. Run on eliminating the Electoral College and disenfranchising most of the Country.

 

[Cellblock2429]

does nothing of the sort.

How do you explain how every time the GOP cuts taxes, deficits balloon?

Trump added 8 Trillion in debt in four years. A record for a single term. (I'm sure he'll add a lot more in his second term.)

/——/ You are intentionally ignoring the CBO report. Believe what you want.