Bernie SandersFS

Thanks for pointing that out. Though the gist of the post is the same (Sanders wants to increase spending by $1.8 trillion per year and the nation doesn't have that money), I emailed the author for clarification.

Another thing to consider is that the deficit is abnormally low because of abnormally low interest rates on the debt. Should they normalize in the next few years (2018, 2019?), the deficit will increase significantly again due to higher debt service costs.

Those numbers are off by at least a factor of 10.

The US hasn't had personal income tax receipts that low since 1980.
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The immorality, oppression, and violence expressed by Sanders is astonishing. They "tolerant and peaceful" left are some of the most vile, intolerant, violent people I have ever met.
 
I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
 
I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were full of shit.

Sometimes there's a common sense factor.... That surely failed here.
 
FIFY

I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were the IRS is full of shit.

Sometimes there's a common sense factor.... That The IRS surely failed here.
Click to expand...

 
FIFY

I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were the IRS is full of shit.

Sometimes there's a common sense factor.... That The IRS surely failed here.
Click to expand...
Click to expand...

As did the people who wrote the article. Clearly everything you read on the internet is true.
 
Of course they did because their source (the IRS) was actually wrong.

That only reinforces the idea that individuals are nimbler and faster to change / react to errors than the hulking Federal Government....but you want to raise nominal rates back to 91% as a reward for Federal incompetence?

FIFY

I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were the IRS is full of shit.

Sometimes there's a common sense factor.... That The IRS surely failed here.
Click to expand...
Click to expand...

As did the people who wrote the article. Clearly everything you read on the internet is true.
Click to expand...

 
Of course they did because their source (the IRS) was actually wrong.

That only reinforces the idea that individuals are nimbler and faster to change / react to errors than the hulking Federal Government....but you want to raise nominal rates back to 91% as a reward for Federal incompetence?

FIFY

I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were the IRS is full of shit.

Sometimes there's a common sense factor.... That The IRS surely failed here.
Click to expand...
Click to expand...

As did the people who wrote the article. Clearly everything you read on the internet is true.
Click to expand...
Click to expand...

You talk about government competence and think corporations are competent. How cute.

Not to mention that I haven't seen a link to the IRS determination, so I can't see that as being true either.
 
I never said that because we were talking about the individual tax code and individuals spending, saving, or investing vs. government but yes, businesses are far more competent that the Federal Government. More competition, more at stake (one's own money rather than OPM), and more challenging.

Furthering my point, the Return On Equity of State Owned Enterprises around the world pales in comparison to that of private sector businesses in their specific countries. I think most here would say ROE is a good metric for competency.

But if you really really really want to increase tax revenues from the individual tax code, you should start with the home mortgage interest deduction. People should only be able to deduct the interest they pay on their primary home and ending it for 2nd(+) homes would likely bring in close to $100 billion over 10 years:

bloomberg.com/news/articles/2013-07-23/second-home-deduction-future-depends-on-congress-using-it

Of course they did because their source (the IRS) was actually wrong.

That only reinforces the idea that individuals are nimbler and faster to change / react to errors than the hulking Federal Government....but you want to raise nominal rates back to 91% as a reward for Federal incompetence?

FIFY

I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were the IRS is full of shit.

Sometimes there's a common sense factor.... That The IRS surely failed here.
Click to expand...
Click to expand...

As did the people who wrote the article. Clearly everything you read on the internet is true.
Click to expand...
Click to expand...

You talk about government competence and think corporations are competent. How cute.

Not to mention that I haven't seen a link to the IRS determination, so I can't see that as being true either.
Click to expand...

 
Corporate efficiency beats gubment efficiency rather easily. Say 34-17
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You mean like Volkswagen ;)
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No. Like GE and FEDEX ;)

Also, I know you're being sarkastic, but with their recent issues, Volkswagen is more efficient than the government and doesn't have the luxury of printing money or robbing their customers at gun point to solve their problems.
 
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I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

I used the same website that they did. The guy used the wrong chart and was either retarded or intentionally misleading.
 
I never said that because we were talking about the individual tax code and individuals spending, saving, or investing vs. government but yes, businesses are far more competent that the Federal Government. More competition, more at stake (one's own money rather than OPM), and more challenging.

Furthering my point, the Return On Equity of State Owned Enterprises around the world pales in comparison to that of private sector businesses in their specific countries. I think most here would say ROE is a good metric for competency.

But if you really really really want to increase tax revenues from the individual tax code, you should start with the home mortgage interest deduction. People should only be able to deduct the interest they pay on their primary home and ending it for 2nd(+) homes would likely bring in close to $100 billion over 10 years:

bloomberg.com/news/articles/2013-07-23/second-home-deduction-future-depends-on-congress-using-it

Of course they did because their source (the IRS) was actually wrong.

That only reinforces the idea that individuals are nimbler and faster to change / react to errors than the hulking Federal Government....but you want to raise nominal rates back to 91% as a reward for Federal incompetence?

FIFY

I did receive an email back from the author and he said the chart is from the IRS.

I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Click to expand...

And now that page can't be found when you click the link. At least they pulled the page when they realized they were the IRS is full of shit.

Sometimes there's a common sense factor.... That The IRS surely failed here.
Click to expand...
Click to expand...

As did the people who wrote the article. Clearly everything you read on the internet is true.
Click to expand...
Click to expand...

You talk about government competence and think corporations are competent. How cute.

Not to mention that I haven't seen a link to the IRS determination, so I can't see that as being true either.
Click to expand...
Click to expand...

What does the profit of state owned enterprises have to do with America?

Here's the thing. I don't necessarily agree we should raise the top tax rate, I was using that as an example where you can raise rates and have zero negative effect to the economy. You do bring up a point on how I'd do it.

I'd try to simply the code and get rid of meaningless deductions. It's not only second home interest, I deduct my toy hauler interest. Then I'd clarify what you can deduct as "business expenses". I own a small business on the side, well I deduct my cell phone and a car lease through there. I know many people that have sheep and chickens so they can deduct their home and other things as a farm. That's all legal.

So I'd reduce the tax code, and try to simply some of these things. Then on corporations I'd reduce similar loopholes. Conservatives complain that our tax rate on corporations is too high. Well it's 35% but because of deductions, the average effective rate is actually under 25%.

We aren't going to tax our way out of this, those changes might be $100 to 200 billion, with a deficit of $400 billion and debt of $18 trillion. Then we need to look at the expenditure side. I think we need to cut military, and look at a lot of programs and see where we can be more efficient.

Then the main thing that will drive this home, we need consumer confidence to go up. So..... If both sides were serious about reducing the deficit, they'd actually agree on shit and promote the fact they did agree. But our news cycle is running on the 5% of both sides that but partisan bullshit. So they don't report when Congress comes together and agrees, they only report on partisan bullshit and arguments to rally the hate in their base. Both left and right wing.
 
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