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  • US Tax Revenue

    https://www.msn.com/en-us/money/mark...cid=spartandhp
    • U.S. tax revenue as a proportion of GDP drops the most of any country in the Organisation for Economic Co-operation and Development in 2018, according to a new report.
    • Thanks to Trump's tax cuts, the U.S. tax-to-GDP ratio falls 2.5% from 2017 to 2018, the OECD finds.
    • The 2017 tax cuts dramatically alter the U.S. tax landscape for the first time in decades, though the promised surge in economic growth and investment does not result.
    We are not now that strength which in old days
    Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
    Made weak by time and fate but strong in will
    To strive to seek to find and not to yield.

  • #2

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    • #3
      Something Trump did right! He cut actual taxes! Good for him. Good for the country. We get to keep more of our money and not give it to the idiots in Washington. We should make sure to cut at least 2.5% of government costs out too to make things break even. Let's be fair and just cut 2.5% of every federal agency's budget and staff.

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      • #4
        Originally posted by T. A. Gardner View Post
        Something Trump did right! He cut actual taxes! Good for him. Good for the country. We get to keep more of our money and not give it to the idiots in Washington. We should make sure to cut at least 2.5% of government costs out too to make things break even. Let's be fair and just cut 2.5% of every federal agency's budget and staff.
        Wow. He promised to cut taxes and he actually cut taxes.
        How can we stop politicians who actually keep their promises?
        Sounds like another reason to impeach him.

        As for tax cuts, why do dems always complain that the problem is failing to take more of our money rather than the government spending too much?
        Avatar is General Gerard, courtesy of Zouave.

        Churchill to Chamberlain: you had a choice between war and dishonor. You chose dishonor, and you will have war.

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        • #5
          And those tax cuts, because they were not revenue neutral, put the US further in debt. And the tax cuts overwhelmingly favored corporations and the rich, not the middle class.
          We are not now that strength which in old days
          Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
          Made weak by time and fate but strong in will
          To strive to seek to find and not to yield.

          Comment


          • #6
            Originally posted by Massena View Post
            And those tax cuts, because they were not revenue neutral, put the US further in debt. And the tax cuts overwhelmingly favored corporations and the rich, not the middle class.
            They would be if we cut government big time. So, let's cut government big time. Maybe start with a removing equal money from Social-Welfare programs.

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            • #7
              Originally posted by Massena View Post
              And those tax cuts, because they were not revenue neutral, put the US further in debt. And the tax cuts overwhelmingly favored corporations and the rich, not the middle class.
              So, what cuts to spending do you suggest be made to offset the tax cuts?

              Even if federal revenue was at the same level today as in 2000, you'd have a $300-$500B deficit spending. So you would still need to need to look at large cuts to get to a balanced budget. So again, where would you make the cuts.

              Looking at USDebtclock.org, Federal revenue to GDP is currently at 16.37%. If you add in State and Local revenues, that jumps to 31.87%. So the OECD is leaving out about half of what government revenue to GDP truly is.
              Matthew 25:14-30. Jesus tells that it is not sufficient merely to maintain things as they are. Those who await should make good use of the gifts that God has provided them.

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              • #8
                How is less taxes a bad thing...?

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                • #9
                  Originally posted by T. A. Gardner View Post
                  How is less taxes a bad thing...?
                  For a nationalist it can be, more taxes = more money for the nation state to spend, on the army, for example.

                  It's entirely logical
                  Major Atticus Finch - ACW Rainbow Game.

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                  • #10
                    Originally posted by Massena View Post
                    And those tax cuts, because they were not revenue neutral, put the US further in debt. And the tax cuts overwhelmingly favored corporations and the rich, not the middle class.


                    I am unaware of a law that requires tax cuts be "revenue neutral". (I seem to recall being told Obamacare would be revenue neutral)
                    And claims of "revenue neutral" are talking points that are meaningless in the real world.
                    Tax cuts tend to grow the economy.

                    Anyway, tax revenue is up despite trump destroying everything with a tax cut.

                    Specifically, in the 2019 fiscal year, which ended Sept. 30, federal revenues increased by $133 billion (or 4%), but spending spiked by $339 billion (or 8%), driving up the deficit by $205 billion to $984 billion.
                    https://www.washingtonexaminer.com/o...0-billion-more

                    The problem is spending went up too.
                    Last edited by Cambronnne; 06 Dec 19, 08:51.
                    Avatar is General Gerard, courtesy of Zouave.

                    Churchill to Chamberlain: you had a choice between war and dishonor. You chose dishonor, and you will have war.

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                    • #11
                      266,000 jobs added in November. Sept and Oct revised up 44,000. Wages up over 3% year over year. Yep, time to raise taxes.
                      Matthew 25:14-30. Jesus tells that it is not sufficient merely to maintain things as they are. Those who await should make good use of the gifts that God has provided them.

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                      • #12
                        Originally posted by Cambronnne View Post

                        Wow. He promised to cut taxes and he actually cut taxes.
                        How can we stop politicians who actually keep their promises?
                        Sounds like another reason to impeach him.

                        As for tax cuts, why do dems always complain that the problem is failing to take more of our money rather than the government spending too much?
                        actually I think he promised tax reform which he did not do.

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                        • #13
                          Originally posted by T. A. Gardner View Post

                          They would be if we cut government big time. So, let's cut government big time. Maybe start with a removing equal money from Social-Welfare programs.
                          dam did not know you wanted to get rid of Social security and Medicare.

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                          • #14
                            Originally posted by OJsDad View Post
                            266,000 jobs added in November. Sept and Oct revised up 44,000. Wages up over 3% year over year. Yep, time to raise taxes.
                            that 3 percent wage increase is kind of pointless number. The that just cost of living increase basically.

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                            • #15
                              Originally posted by craven View Post

                              that 3 percent wage increase is kind of pointless number. The that just cost of living increase basically.
                              Um, no. Inflation is staying below 2%

                              https://www.usinflationcalculator.co...flation-rates/
                              Matthew 25:14-30. Jesus tells that it is not sufficient merely to maintain things as they are. Those who await should make good use of the gifts that God has provided them.

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