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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.
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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.
    Some mornings, it's just not worth chewing through the leather straps. - Emo Phillips

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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.
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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.
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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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