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“America has a strong economy and a surplus…. Now is the time to reform the tax code and share some of the surplus with the people who pay the bills.”
–George W. Bush, nomination acceptance speech, 3 August 2000

 

Except for the $3 Trillion is debt that was created....oh well debt/GDP is still only about 85%!!!

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Originally Posted by Mr.Dittohead:

“America has a strong economy and a surplus…. Now is the time to reform the tax code and share some of the surplus with the people who pay the bills.”
–George W. Bush, nomination acceptance speech, 3 August 2000

 

Except for the $3 Trillion is debt that was created....oh well debt/GDP is still only about 85%!!!

One more time, tax cuts resulted in increased revenue, especially corporate tax as people spent on goods and services.

 

Increased spending was the cause of the debt.  INCREASED SPENDING!

Originally Posted by interventor1212:

If the tax cut hadn't happened, the increased revenue wouldn't have happened.  What part of that can't you understand.

I understand that revenues as a percentage of GDP were decreasing while deficits were increasing.  I am done explaining math to you.  Go live in your dream world, where Palin is smart, Rush is not a drug addict, and BushIIe was not the worst POUTUS in 100 years.

Originally Posted by interventor1212:

If the tax cut hadn't happened, the increased revenue wouldn't have happened.  What part of that can't you understand.

You really should leave the economy to folks who understand it and don't just make up stuff like you do. You talk of understanding, yet show no evidence that you understand what you are babbling about most of the time.

Originally Posted by JimiHendrix:
Originally Posted by interventor1212:

If the tax cut hadn't happened, the increased revenue wouldn't have happened.  What part of that can't you understand.

You really should leave the economy to folks who understand it and don't just make up stuff like you do. You talk of understanding, yet show no evidence that you understand what you are babbling about most of the time.

 

 

purple heart

Originally Posted by Blind Melon Chit'lin:
Originally Posted by JimiHendrix:
Originally Posted by interventor1212:

If the tax cut hadn't happened, the increased revenue wouldn't have happened.  What part of that can't you understand.

You really should leave the economy to folks who understand it and don't just make up stuff like you do. You talk of understanding, yet show no evidence that you understand what you are babbling about most of the time.

 

 

purple heart

Your jealousy knows no bounds. I find it endlessly amusing.

Originally Posted by Mr.Dittohead:
Originally Posted by interventor1212:

If the tax cut hadn't happened, the increased revenue wouldn't have happened.  What part of that can't you understand.

I understand that revenues as a percentage of GDP were decreasing while deficits were increasing.  I am done explaining math to you.  Go live in your dream world, where Palin is smart, Rush is not a drug addict, and BushIIe was not the worst POUTUS in 100 years.

With a Physics major, before my business major, I well understand math.  Also, economics.  Do you even understand the statement you made about "revenues as a percentage of GDP were decreasing while deficits were increasing."  

Originally Posted by Mr.Dittohead:

History always repeats.

 

Growth in years when the tax rate was less than 50 percent averaged 2.7 percent. In years with tax rates at or more than 50 percent, growth was 3.7 percent.

Your chart doesn't show years.  Of course, the 1950 would shown growth because of increased consumer demand worldwide after the war. 

The rates are only half the story.  Ability to writeoff expenses was much higher when the rates were higher.  That's one reason executives had lower pay, their expense accounts were high.

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