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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 51 of 209

Here's what Republican tax cuts for the Uberrich have done.

 

 

rev_spen_exss3

This gives a good indication of the impact of inflation and population growth on income tax revenues over time. Note that the ReaganScam drove revenues DOWN and they did not return to their 1980 levels until 1999, after 8 years of constant growth under Clinton, who produced TWO Federal Budget SURPLUS YEARS. Note also the sharp downturn caused by the jrbush TaxScam, which thanks to his destruction of the World Economy, we STILL have not recovered from. Note also the steep INCREASE in real dollar spending following each Republican taxcut for rich people and DECREASE during the Clinton years.

 

Bottom line is that Republican lies about tax cuts increasing real revenue have all the validity of the Ptolomaic solar system.

 

 

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Trusted Social Butterfly
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The GOP Tax Cut Scam

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Message 52 of 209

Chasky, that cannot possibly be true. Easy Ed told us Trump will not make one penny on the new GOP tax plan.

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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 53 of 209

The GOP tax cuts have resulted in the greatest income a wealth disparity our country has seen since the 1700s. The average wage in America in real dollars has shrunk, the middle class is shrinking further, the 1% is getting richer faster, and Trillion's of their dollars are in foreign bank accounts earning ZERO tax dollars for America.

 

What's for anyone to like about it but the 1% ???????


"The only thing man learns from history is man learns nothing from history"
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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 54 of 209

@dvmpopwrote:

Ahh - to try and explain revenue vs outlays. Writing "Wrong" doesn't cover up the facts. A simple look at federal income tax revenue by year would give you the answe. In the Tax Reform Act of 1986 marginal rates went down including the top rate from 50% to 38.5%. Look below what happened with individual income tax revenue

https://obamawhitehouse.archives.gov/omb/budget/Historicals

1985: $334B

1986: $349B

1987: $393B

1988: $401B

 

Where's the reduction in tax revenue?


The Revenue for the Federal Government supports the entire population, but those "increases" fail to cover the growth in population OR inflation for the years shown. Result was a tripling of the National Debt, and reall dollar revenues did not return to 1980 levels until 1999.

 

The Reagan Scam cut the TMR from 70% in 1980 with a ZERO percent on the first $3400 to a TMR of 28% in 1988 with a 15% tax on the first $15000. For the mathmatically challenged, the increase in dollars collected came from the increase payments by the bottom 99% who lost in deductions and actually saw their effective tax rate increase by 40% while the top earners saw their effective rate drop 60%.

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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 55 of 209

We can thank Reagan for attacking our Social Security.

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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 56 of 209

The middle 40% of Americans will see Federal income tax og down by about $860/year or $16.50 each biweekly paycheck.

 

But total spending by Government has NOT decreased, just shifted billions from programs that benefit all Americans to Defense Contracts that benefit the Oligarchs running the Defense contractors.

 

The Der Trumper budget slashes funding for student loans, aid for State education programs, wants to sell off airports and highways, eliminate subsidies for smaller airports, turn Medicaid over to the States and reduce spending for National Parks.

 

Guess who will pay for those cuts?

 

So middle class NRAGOPers, if you have kids going to school, or you use airports or drive on highways or get sick or visit our National Parks, prepare to pay MORE to do it.

 

Will your $16.50 cover those increases? Never has in the past, and you're not going to be getting any raises because the Oligarchs have ALREADY spent $200B this year on stock buy-backs so there's less than nothing left for worker pay raises.

 

But Der Trumper's fellow Oligarchs (his tax cut estimated at $11,000,000 or $211,528 every 2 weeks) will do very nicely indeed.

 

Tired of getting tax cuts that result in much higher costs for the stuff you need and use?

 

END THE PROBLEM - VOTE OUT THE NRAGOP IN NOVEMBER

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Re: The GOP Tax Cut Scam

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Message 57 of 209

Ahh - to try and explain revenue vs outlays. Writing "Wrong" doesn't cover up the facts. A simple look at federal income tax revenue by year would give you the answe. In the Tax Reform Act of 1986 marginal rates went down including the top rate from 50% to 38.5%. Look below what happened with individual income tax revenue

https://obamawhitehouse.archives.gov/omb/budget/Historicals

1985: $334B

1986: $349B

1987: $393B

1988: $401B

 

Where's the reduction in tax revenue?

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Re: The GOP Tax Cut Scam

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Message 58 of 209

Yes - I miss Reagan too.

 

I never said that deficits didn't grow under Reagan, only that tax cuts did not result in revenue cuts. The projections on the increased deficits being cited by the uninformed is based on revenue reductions.

 

Deficits were and continue to be based on uncontrolled spending by both parties. I'd rather not give any more money to the federal government than is absolutely necessary as it'll just get frittered away.

 

Way to contort my words to try and make your point. By the way, my revenue figures were from the US Treasury, so if you think that's not a credible site then please show me what you think is credible.

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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 59 of 209

@NOTHAPPENING wrote:

@Olderscout66 wrote:

Wakie wakie NT - Not paying for the goods and services you receive is a hallmark of Der Trumper and the ideal pursued by all GreedheadGOPers. The tax on income, personal and corporate, is just one of many "bills for service provided" that Republicans hate to pay (and Der Trumper seldom paid in his business) You pretend tax money is only given to the lazy and addicted so you can imagine it's not ACTUALLY used to support our entire Civilization, and without that support structure we have NOTHING. 

 

GOPers try and cheat their suppliers, underpay their employees and evade taxes because they are pathalogically greedy. The reason our infrastructure looks like some banana rebublic is elected Republicans have applied that totally bogus philosophy to our Government so nothing new got built and nothing old got fixed FOR THE LAST 30 YEARS.

 

While NOT taking care of infrastructure IS GREAT, you like to claim somehow OVERPAYING Greedheads running health care suppliers is a GOOD thing, that somehow they DESERVE to get 135% of what the Insurance Industry has determened (and those Greedheads agreed) was adequate to cover all costs AND provide a nice profit.

 

Then when someone has the courage to oppose the corporations jrbush gave that totally undeserved bonus to, you claim the poor dears are being underpaid when they're getting from Medicare EXACTLY what they get from the PRIVATE insurance companies for the same support. I guess for the Republican mind, when money is fraudulently given to Corporations, its the American Way, but if some poor person gets a better deal, its a disaster. Der Trumper wants to improve things by redistributing MORE money to the top of the 1%, just like jrbush did with his overpayments to health care corporations.

 

PPACA was funded because President Obama ended the legalized (by GOPers) FRAUD that was overpaying health care Corporations 35% of their total bill, $72BILLION every year. Then the money no longer going to overpay Corporations was used to provide assistance to millions of Americans so they could buy their own PRIVATE health insurance and stop using the ER as their primary care physician for them and their children. That's why the GOPerLords are telling you to oppose PPACA - it helps the 99% while stopping the FRAUD by the Corporations, and Republicans cannot stand that, and Der Trumper has promised to bring back the fraud and end the help to the 99%.


Free stuff is NOT being given out by Santa Obama to the left anymore. Wakie wakie - Olderscout!


Here is what is being given out by Trump. Editorial in CA paper (Reb.) calls on congress next year to cut the deficit. This is the same one the far right Reb. just increased. Now how does the paper want them to do that. They say cut the entitlement programs, and say Medicare is a good one to start with. Then on to SS and all the rest. We have been told for some time now that once the tax cut was passed it would be back to cutting the deficit again like Reb. always say they do. The far right creates the deficit then their leaders move to cut it by taking away programs that help the average people who just lost some of their income to the Corp. and rich in the tax cut. What a crew the far right are. We just heard Trump say Reb. & Dems. will find away to create a new health program next year. Think that fits in with what is in the Reb. paper. It does as the drum beat starts hurt the middle class down more. Sadly if the far right Reb. get their way more people will die, but one thing the far right does very well is create programs that make them die. The far right has always loved to see people die, and they are still at it. The far right Reb. party is now the party to make you die quicker.

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Valued Social Butterfly
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Re: The GOP Tax Cut Scam

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Message 60 of 209

@Olderscout66 wrote:

Wakie wakie NT - Not paying for the goods and services you receive is a hallmark of Der Trumper and the ideal pursued by all GreedheadGOPers. The tax on income, personal and corporate, is just one of many "bills for service provided" that Republicans hate to pay (and Der Trumper seldom paid in his business) You pretend tax money is only given to the lazy and addicted so you can imagine it's not ACTUALLY used to support our entire Civilization, and without that support structure we have NOTHING. 

 

GOPers try and cheat their suppliers, underpay their employees and evade taxes because they are pathalogically greedy. The reason our infrastructure looks like some banana rebublic is elected Republicans have applied that totally bogus philosophy to our Government so nothing new got built and nothing old got fixed FOR THE LAST 30 YEARS.

 

While NOT taking care of infrastructure IS GREAT, you like to claim somehow OVERPAYING Greedheads running health care suppliers is a GOOD thing, that somehow they DESERVE to get 135% of what the Insurance Industry has determened (and those Greedheads agreed) was adequate to cover all costs AND provide a nice profit.

 

Then when someone has the courage to oppose the corporations jrbush gave that totally undeserved bonus to, you claim the poor dears are being underpaid when they're getting from Medicare EXACTLY what they get from the PRIVATE insurance companies for the same support. I guess for the Republican mind, when money is fraudulently given to Corporations, its the American Way, but if some poor person gets a better deal, its a disaster. Der Trumper wants to improve things by redistributing MORE money to the top of the 1%, just like jrbush did with his overpayments to health care corporations.

 

PPACA was funded because President Obama ended the legalized (by GOPers) FRAUD that was overpaying health care Corporations 35% of their total bill, $72BILLION every year. Then the money no longer going to overpay Corporations was used to provide assistance to millions of Americans so they could buy their own PRIVATE health insurance and stop using the ER as their primary care physician for them and their children. That's why the GOPerLords are telling you to oppose PPACA - it helps the 99% while stopping the FRAUD by the Corporations, and Republicans cannot stand that, and Der Trumper has promised to bring back the fraud and end the help to the 99%.


Free stuff is NOT being given out by Santa Obama to the left anymore. Wakie wakie - Olderscout!

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