countryboy
Verified User
Link doesn't work. What is it?
1964: JFK/LBJ
1981: Reagan
1986: Reagan
1996: Clinton, capital gains
2001: GWB
2004: GWB
Look at the chart, and show me a single instance where these tax cuts resulted in reduced revenue.
http://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary
REVENUE EFFECTS IN BILLIONS OF DOLLARS
64:
Current$: - 11.5
2009$: 64.2
% GDP: -1.6
% federal receipts: -9.0
81:
year 1: -38.3
year 2: -91.6
year 3: -139.0
year 4: -176.7
avg 1st 2: -65.0
avg 4: -111.4
86:
year 1: 18.6
year 2: 0.9
year 3: -11.7
year 4: -9.0
avg 1&2: 9.8
Avg of 4: -0.3
96:
year 1: -9.4
year 2: -3.8
year 3: -18.6
year 4: -20.9
avg 1&2: -6.6
avg of 4: -13.2
2001
year 1: -73.8
year 2: -34.4
year 3: -85.5
year 4: -104.0
avg 1&2: -54.1
avg of 4: -74.4
2004:
year 1: -27.2
year 2: -40.3
year 3: -20.4
year 4: -15.7
avg 1&2: -33.8
avg. 4: -25.9
https://www.treasury.gov/resource-center/tax-policy/tax-analysis/Documents/WP81-Table2013.pdf
Ah, receipt and outlay. What does that have to do with actual revenue?
REVENUE EFFECTS IN BILLIONS OF DOLLARS
64:
Current$: - 11.5
2009$: 64.2
% GDP: -1.6
% federal receipts: -9.0
81:
year 1: -38.3
year 2: -91.6
year 3: -139.0
year 4: -176.7
avg 1st 2: -65.0
avg 4: -111.4
86:
year 1: 18.6
year 2: 0.9
year 3: -11.7
year 4: -9.0
avg 1&2: 9.8
Avg of 4: -0.3
96:
year 1: -9.4
year 2: -3.8
year 3: -18.6
year 4: -20.9
avg 1&2: -6.6
avg of 4: -13.2
2001
year 1: -73.8
year 2: -34.4
year 3: -85.5
year 4: -104.0
avg 1&2: -54.1
avg of 4: -74.4
2004:
year 1: -27.2
year 2: -40.3
year 3: -20.4
year 4: -15.7
avg 1&2: -33.8
avg. 4: -25.9
https://www.treasury.gov/resource-center/tax-policy/tax-analysis/Documents/WP81-Table2013.pdf
lol
What part of "Revenue" in "Revenue Effects of Major Tax Bills" do you not understand?
lol
What part of "Revenue" in "Revenue Effects of Major Tax Bills" do you not understand?
Again, what does that have to do with actual numbers on tax receipts? I mean, you know, besides nothing.
You poor ignorant fuck.
You asked: "point out a single instance where tax cuts have resulted in less revenue."
You then proceeded to cite specific years.
I provided Treasury numbers FOR THOSE YEARS that demonstrated LESS REVENUE was not only collected for that year, but for succeeding years.
Have a 10 year old explain it to you
You poor ignorant fuck.
You asked: "point out a single instance where tax cuts have resulted in less revenue."
You then proceeded to cite specific years.
I provided Treasury numbers FOR THOSE YEARS that demonstrated LESS REVENUE was not only collected for that year, but for succeeding years.
Have a 10 year old explain it to you
Bullshit. That's not what "revenue effects" measures. Nice try though dumb and domer.
Treasury Department study on the impact of tax bills since 1940, first released in 2006 and later updated, found that the 1981 tax cut reduced revenues by $208 billion in its first four years. (These figures are rendered in constant 2012 dollars.) The tax reform act of 1986, which was designed to be revenue neutral, reduced revenues by less than $1 billion four years after enactment. But Reagan’s tax increases in 1982, 1983, 1984 and 1987 boosted revenue by $137 billion.
Look at revenues as % of GDP. Dropped like a rock after Reagan's cuts, increased under Clinton's increases, dropped under Bush's cuts.
Refer to this table. See all the negative numbers? Those represent decreases in receipts due to tax bills.
https://www.treasury.gov/resource-center/tax-policy/tax-analysis/Documents/WP81-Table2013.pdf
Read it and weep, loser. You have been schooled.
This isn't about the power to collect taxes you poor dumb brain dead leftist assholes; it is about politicians using the tax code to get re-elected by duping poor dumb liberal bastards into thinking they cannot survive without Government.
We don't have a REVENUE problem in this nation; we have a SPENDING and Government Dependency problem.
You couldn't school a third grader dumb and domer.
The Founders also hated direct taxation and ratified a constitution under which income taxes were illegal.
This isn't about the power to collect taxes you poor dumb brain dead leftist assholes; it is about politicians using the tax code to get re-elected by duping poor dumb liberal bastards into thinking they cannot survive without Government.
We don't have a REVENUE problem in this nation; we have a SPENDING and Government Dependency problem.
Dear willful idiot; revenue has never gone down as a result of tax cuts. Stop removing any doubt what an uneducated moron you are.