It is not nearly as simple as your dumbass makes it out to be
https://mobile.nytimes.com/2013/05/0...oid-taxes.html
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It is not nearly as simple as your dumbass makes it out to beIt is you that is the simpleton. Even some Democrats are on board with tax reform. The 35% rate hurts small business the most. They are the job creators and can't use the loopholes that large corporations can dumbass. Plus, if Corporations had a one time amnesty to bring back their cash it would be a nice down payment for infrastructure that we don't have the money to do. So please explain why you're against tax reform? You came around on the Transgender issue, make it a twofer!!! You can do it!!!!
https://mobile.nytimes.com/2013/05/0...oid-taxes.html
. Originally Posted by WTF
It is you that is the simpleton. Even some Democrats are on board with tax reform. The 35% rate hurts small business the most. They are the job creators and can't use the loopholes that large corporations can dumbass. Plus, if Corporations had a one time amnesty to bring back their cash it would be a nice down payment for infrastructure that we don't have the money to do. So please explain why you're against tax reform? You came around on the Transgender issue, make it a twofer!!! You can do it!!!!I'm not against it I'm just pessimistic that they will do anything to actually fix it... more like Shuffle deck chairs on the Titanic.![]()
Originally Posted by bambino
Carter had a 4.9 and a 6.6 GDP growth rate his first two years...
Wrong. Under Carter, real GDP grew by 4.6% in 1977, 5.6% in 1978, 3.2% in 1979 and -0.2% in 1980. Under Reagan, economic growth spurted as high as 7.3% in 1984. Excluding Reagan's first two years when he had to put the economy through a recession to wring out Jimmy Carter's inflation, real GDP growth averaged 4.6% from 1983 through 1988.
Corporations used to pay around 40% of the federal tax burden and now pay around 10...and your dumbass wants to lower their rate.
Wrong again. Corporations have NEVER paid "around 40%" of federal taxes. Their share declined from a peak of 27% in the 1950s to 15% in the 1970s. Since the 1980s, it has been fairly constant at around 10% of federal revenues.
But hey, you want to inflate the deficit away....how'd that work out for Reagan?
What the fuck does that even mean? Originally Posted by WTF
Here are a few of the good things that happened to the economy between Jan. 1981 and Jan. 1989:
1. Inflation (CPI) slowed from 12.5% to 4.2%.
2. Unemployment dropped from 7.5% to 5.4%.
3. Total employment increased by over 16 million.
4. Employment among African Americans rose by 25%.
5. Real GDP expanded by a cumulative 31%.
6. Real per capita disposable income went up by 18%.
7. Federal tax revenues swelled by 76%.
8. The prime interest rate fell from 21.5% to 10.5%.
9. The national average price of a gallon of gasoline dipped from $1.36 to $1.00.
10. The Dow Jones Industrial Average climbed by 135%. Originally Posted by lustylad