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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (622994)	8/5/2011 12:08:47 PM
From: longnshort	Respond to of 1579729

Obama is partying with our tax dollars while Americans lost 1.1 trillion yesterday. Our dear leader is a major league asshole

To: Alighieri who wrote (622994)	8/5/2011 12:11:11 PM
From: TimF	Read Replies (2) \| Respond to of 1579729

The projected revenue for 2012 is higher than every year except 2008 and 2009. It's not very meaningful to look at revenue this way, considering economic and national growth... I agree nominal dollars are not the best way to look at it. But real per capita dollars are useful. % of GDP is the best way to look at the burden of the taxes to get that revenue. How much the economy is hurt by transfering that money to the feds (actually % of GDP of spending might be a better measure, because if the feds don't tax it, they have to borrow it also pulling it out of the economy, or they have to "print" it pushing harmful inflation). Real per capita dollars are the best way to look at the size of the revenue. There isn't any need for federal spending to climb because the economy improves. In fact the richer the country becomes the more it can get by with less federal spending (and thus less revenue is needed.) In % of GDP terms tax revenues haven't been lower for awhile, Right...why are you arguing with me? Because your wrong, and about an important issue. Taxation has been gutted. False. A deep recession followed by a weak recovery hits tax revenues, but the taxes where not gutted the economy that feeds in to them was hit. by the way to counter your contention about economic slowdown as the cause, look at 2002 and onward 1 - Your chart only shows income taxes. 2 - Nothing "low low low" about any year in that chart. 3 - Your chart supports my point. You had a recession and slow recovery and tax revenue was down. Then the recovery picked up steam and revenue went up to more normal levels, then you had a deeper recession and another slow recovery and the revenue was pushed down lower than it was in the previous drop, then the future years going forward (with the projections assuming economic growth) and the revenue gets up to a high level again.