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Historical Source of Revenue as Share of GDP

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    Historical Source of Revenue as Share of GDP






    The last column shows that tax revenue is at a 60 year low as a percentage of GDP at only 15.8% of GDP.

    Historical Source of Revenue as Share of GDP
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    well duh, that's what happens when there's massive unemployment. no jobs, no tax revenue.

    Obama 2016!

    also it shows we don't need much tax revenue to fund the govt. we're massively over taxed as it is.
    -S-

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    Corporations need to start paying their fair share according to that chart.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    Quote Originally Posted by Swiper View Post
    well duh, that's what happens when there's massive unemployment. no jobs, no tax revenue.

    Obama 2016!

    also it shows we don't need much tax revenue to fund the govt. we're massively over taxed as it is.
    seriously your an idiot your twist everything to suite your ideology vs looking at data with out any bias, besides ACA there has been no major change in policy from the GWB to Obama admins remember the right took control of the House 1 year after Obama was elected.

    The drop in revenue is from the 2008 economic downturn and the ability for large firms to "shift" monies around to enable them to pay the least amount of taxes possible.

    You see the drop in corporate taxes after the combined effect of the dot.com bubble burst and the Bush tax cuts in 2001 then from 2008-present from the document above and below a graph from the FED.

    Graph: Federal Government: Tax Receipts on Corporate Income (FCTAX)/Gross Domestic Product (GDP) - FRED - St. Louis Fed
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Quote Originally Posted by Zaphod View Post
    Corporations need to start paying their fair share according to that chart.
    they need to start paying NO taxes.

    the more they pay in taxes the less they'll pay their employees wages. they're going to cut costs somewhere which probably means less pay increases
    -S-

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    Taken from the mitt romney school of business ethics...^^



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    ^^^never ran a business

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    Quote Originally Posted by LAM View Post
    seriously your an idiot your twist everything to suite your ideology vs looking at data with out any bias, besides ACA there has been no major change in policy from the GWB to Obama admins remember the right took control of the House 1 year after Obama was elected.

    The drop in revenue is from the 2008 economic downturn and the ability for large firms to "shift" monies around to enable them to pay the least amount of taxes possible.

    You see the drop in corporate taxes after the combined effect of the dot.com bubble burst and the Bush tax cuts in 2001 then from 2008-present from the document above and below a graph from the FED.

    Graph: Federal Government: Tax Receipts on Corporate Income (FCTAX)/Gross Domestic Product (GDP) - FRED - St. Louis Fed
    it's Bushs fault, I forget. lol.

    my post is accurate. it a general statement.


    why did Obama sign bushs tax cuts into law? now we can say the "Obama tax cuts"
    -S-

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    Quote Originally Posted by Swiper View Post
    they need to start paying NO taxes.

    the more they pay in taxes the less they'll pay their employees wages. they're going to cut costs somewhere which probably means less pay increases
    They won't pay their employees more if they suddenly had to pay no taxes. They would take the extra profit and STILL squeeze their employees.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    Quote Originally Posted by Big Puppy View Post
    ^^^never ran a business
    ^^^doesn't appreciate the people who make him money.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    ^^^^^ doesn't like the owner of his employment even though the owner takes all the risks. all you do is show up for work then go home and you're done. business owners are constantly thinking /working on their business 24/7. it's the first thing they think of when they wake and the last thing they think of before sleep. And the stress levels are astronomical.
    -S-

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    ^^^Fails to realize that those executives are already wealthy and running a business is just a game for them. If the business went under they'd still be okay, everyone else would be fucked like a German hooker on coupon day.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    Quote Originally Posted by Swiper View Post
    they need to start paying NO taxes.

    the more they pay in taxes the less they'll pay their employees wages. they're going to cut costs somewhere which probably means less pay increases
    and this is based on what empirical data? let me guess none, only ideology. their share of taxes has been constantly reduced over the past 80 years and yet employee pay and benefits are steadily decreasing.

    corporations are paying half the tax now as there were in the 70's and wages remain stagnant once adjusted for inflation. As usually your economic assertion s based on ideology holds no water in reality.

    is there any bullshit you don't fall for? LOL still trying to apply 1700s economic theory in the real world are you?

    http://www.whitehouse.gov/sites/defa...s/hist02z1.xls

    simply take column (c5/i5)*100 to get the percentage of tax revenue from corporations
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Historical Source of Revenue as Share of GDP

    Quote Originally Posted by LAM View Post
    and this is based on what empirical data? let me guess none, only ideology. their share of taxes has been constantly reduced over the past 80 years and yet employee pay and benefits are steadily decreasing.

    corporations are paying half the tax now as there were in the 70's and wages remain stagnant once adjusted for inflation. As usually your economic assertion s based on ideology holds no water in reality.

    is there any bullshit you don't fall for? LOL still trying to apply 1700s economic theory in the real world are you?

    http://www.whitehouse.gov/sites/defa...s/hist02z1.xls

    simply take column (c5/i5)*100 to get the percentage of tax revenue from corporations

    it's called real world experience something you clearly know nothing about.

    are you that misinformed? your data is misleading and you do It on purpose to get people on your side. you have to deceive people into believing your nonsense. see, you read data about high tax rates in the 70's and you actually think those high rates were paid? lol. stop reading all the leftist writings it's clouding your judgment. your leftist buddies fail to tell you no one paid those high rates. But you fall for it every time. you're so gullible lmao
    -S-

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    The data doesn't say what you want so it's misleading?
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    Quote Originally Posted by Zaphod View Post
    The data doesn't say what you want so it's misleading?
    no, the data just says what the tax rates were in the 70's. but the data doesn't show no one paid those high rates with all the deductions and loopholes.
    -S-

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    Quote Originally Posted by Swiper View Post
    no, the data just says what the tax rates were in the 70's. but the data doesn't show no one paid those high rates with all the deductions and loopholes.
    So research it and come back with the truth.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    There is no proof what so ever that a reduction in corporate tax rates would result in increased economic growth and corporate hiring.
    What happened the last time congress reduced taxes on corporate capital with the intent that it would stimulate job creation?

    In this case the theory promoted by supply siders is that a reduced tax on repatriated capital from overseas would result in job creation.
    The result was that corporations did not increase hiring.
    Instead they paid out dividends and increased stock buybacks.

    Report: Repatriation Tax Holiday a 'Failed' Policy - WSJ.com


    A Repatriation Tax Holiday Wouldn't Create Jobs - Forbes


    Don't Fall For Corporate Repatriation

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    Quote Originally Posted by Zaphod View Post
    So research it and come back with the truth.
    um yeah ok sure I'll get right on that.
    -S-

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    Indeed, there is evidence that a reduced corporate capital tax rate results in an increase in the flow of corporate capital to offshore investments, rather than stimulating the American economy and increasing the rate of hiring in the U.S.

    http://www.cbpp.org/files/10-12-11tax.pdf

    October 12, 2011
    REPATRIATION TAX HOLIDAY WOULD INCREASE
    DEFICITS AND PUSH INVESTMENT OVERSEAS

    PrunaGrow.com, the only Myostatin inhibiting geriatric Follistatin peptides that I trust 100%!!!
    NOW 10% OFF ON ALL YOUR SUPPLIES!!! Promo Code: Oldfartrep#1
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    Quote Originally Posted by Swiper View Post
    um yeah ok sure I'll get right on that.
    No surprises there.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    Quote Originally Posted by Swiper View Post
    it's called real world experience something you clearly know nothing about.

    are you that misinformed? your data is misleading and you do It on purpose to get people on your side. you have to deceive people into believing your nonsense. see, you read data about high tax rates in the 70's and you actually think those high rates were paid? lol. stop reading all the leftist writings it's clouding your judgment. your leftist buddies fail to tell you no one paid those high rates. But you fall for it every time. you're so gullible lmao
    seriously are you retarded? leftist writings? it's historical revenue information that's posted on the Whitehouse.gov website you know the exact same data that's there when republicans are in office.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Quote Originally Posted by Zaphod View Post
    They won't pay their employees more if they suddenly had to pay no taxes. They would take the extra profit and STILL squeeze their employees.



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    Quote Originally Posted by Big Puppy View Post
    ^^^never ran a business
    Go run your business....

    and keep yo' ass out of mine!

    And I'll do the same.



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    Quote Originally Posted by Bowden View Post
    Indeed, there is evidence that a reduced corporate capital tax rate results in an increase in the flow of corporate capital to offshore investments, rather than stimulating the American economy and increasing the rate of hiring in the U.S.

    http://www.cbpp.org/files/10-12-11tax.pdf

    October 12, 2011
    REPATRIATION TAX HOLIDAY WOULD INCREASE
    DEFICITS AND PUSH INVESTMENT OVERSEAS
    The entire economic policy of the low wagers on the right is based on pure ideology with no data to ever support it. They just can't admit that the "political economic" doctrine that's built into their belief system is wrong, it's hysterical.

    Why anyone would ever "learn" economics from politicians on tv is beyond me! LOL
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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