REAL WORLD EVENT DISCUSSIONS

When Lower Tax RATES Produce Higher Tax Revenue

POSTED BY: JEWELSTAITEFAN
UPDATED: Monday, August 6, 2018 19:43
SHORT URL:
VIEWED: 2861
PAGE 2 of 2

Monday, June 25, 2018 9:05 AM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Not sure if FOXCONN has been mentioned around here. It is a tech company building a huge manufacturing complex in Southeast Wisconsin.

They worked out a contract with Gov Scott Walker, and a reduced Tax Rate was involved. Something like 15,000 jobs will be created just from the facility directly.

Some have claimed it was just a PR scam, it wouldn't really happen. The process to draw 7,000,000 gallons of water per day from Lake Michigan is being worked out.

Not a guarantee, but today was announced that FOXCONN purchased a 7 story building in downtown lakefront Milwaukee for their US HQ.

I just saw the news report that the FOXCONN package included 17% Tax reduction.

Some have said the FOXCONN agreement was just a scam, because other preliminary agreements never resulted in Groundbreaking.

A few days ago FOXCONN broke ground on their Racine campus.
Locals pronounce Racine as RUH-seen.

For those not familiar with the region, Racine and Kenosha Counties are along Lake Michigan, South of Milwaukee to the Illinois border. Both Counties have lots space available, yet the southeast corner of Wisconsin accounts for 60% of the State's population. And across the stateline is considered ChicagoLand.

The President's scheduled visit was pushed back a day to 28 June. It is some ceremonial event in Mount Pleasant. So we might hear some speechifying.
This is about 60 miles south of Harley Davidson HQ, which just decided to move production overseas to avoid the $100 Million Tariffs.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, June 25, 2018 3:27 PM

REAVERFAN


Goldman Sachs: Trump’s tax cuts could cause recession
https://nypost.com/2018/05/21/goldman-sachs-trumps-tax-cuts-could-caus
e-recession
/

Hardly a liberal talking here.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 1, 2018 12:46 AM

JEWELSTAITEFAN


Somehow today I managed to barely miss some demonstration while I was downtown.
Apparently folk were whining that Trump was allowing Federal Law Enforcement Officers to Enforce the Law.

I learned that it happened about a block away from a vacant building which was just announced in the past 2 days as being picked up by FOXCONN, who will employ another 200 office workers here. This is about 3 hour drive from the Mount Pleasant site of the FOXCONN manufacturing campus.
I found the timing and placement somewhat ironic.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 1, 2018 12:55 AM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by reaverfan:
Goldman Sachs: Trump’s tax cuts could cause recession
https://nypost.com/2018/05/21/goldman-sachs-trumps-tax-cuts-could-caus
e-recession
/

Hardly a liberal talking here.



Who are you referring to when you say "Hardly a Liberal talking here"?



Do Right, Be Right. :)

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 8, 2018 7:00 PM

REAVERFAN

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 8, 2018 7:21 PM

JEWELSTAITEFAN


Quote:


Larry Kudlow wrong about deficits falling rapidly under Donald Trump
http://www.politifact.com/truth-o-meter/statements/2018/jul/02/larry-k
udlow/larry-kudlow-wrong-about-deficits-falling-rapidly-/

Having politifact and truth-o-meter in the same address is unfathomably hilarious.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, August 6, 2018 7:43 PM

JEWELSTAITEFAN


Copied from the thread on Trump's Budget, here is some proof from even the Libtard Deep State Obamabots:

Quote:

Originally posted by JEWELSTAITEFAN:
Copied from a delusional thread:

Quote:

Originally posted by second:
The Republicans’ $1.5 trillion tax cut will increase the federal debt by $1.9 trillion.

This comes from Table B-3 in the Congressional Budget Office report, page 129, so far in the back that no one reads it. The exact figure is $1.854 trillion from 2018 to 2028. That number was promised by Trump to be zero dollars or even a negative number.
www.cbo.gov/publication/53651

In other words, the tax cut doesn’t pay for itself. It doesn’t even partially pay for itself.

www.motherjones.com/kevin-drum/2018/04/cbo-projects-1-5-trillion-tax-c
ut-will-cost-1-6-trillion
/


Another ridiculous post quoted for posterity.

This was from 12 April.
I guess I may have not spelled out how ridiculous it was.

Using CBO Deficit figures:
FY April18 May18 difference (savings)
28 $1526B 1087B $439B / $2957B
27 $1316B $965B $351B / $2518B
26 $1320B $893B $427B / $2167B
25 $1352B $895B $457B / $1740B
24 $1244B $859B $385B / $1283B
23 $1273B $971B $302B / $897B
22 $1276B 1039B $237B / $595B
21 $1123B $945B $178B / $358B
20 $1008B $866B $142B / $180B
19 $0981B $955B $026B / $38B
18 $0804B $792B $012B

So, even by using the pessimistic projections of Deep State Libtards at CBO, one month after proclaiming their vaunted $1.854 Trillion Debt increase, they admitted that they were a tad off, by $2.957 Trillion. Meaning that $1.5 Trillion Tax Cut Now reaps $1.1 Trillion Debt savings over the next 10 years. That's fully reaping $1.5 Trillion within 7 years, before the added windfall.

second might want to look at his hair being On Fire.
As hard as he had to look, Hunt, search for that page 129, funny how he has managed to avoid Real World Facts intruding upon his delusions.



Golly, I should probably copy this info over to the thread on Lower Tax RATES Produce Higher Tax Revenue.
Although CBO will never use those words, their data proves the premise.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
A thread for Democrats Only
Mon, October 22, 2018 08:19 - 1936 posts
What would it have taken to stop Hitler?
Mon, October 22, 2018 08:09 - 4 posts
He'z messin with the misl treatyz now!!!!
Mon, October 22, 2018 08:06 - 6 posts
Why the NPC Meme Crashed Twitter #OrangeManBad
Mon, October 22, 2018 03:39 - 14 posts
In the garden, and RAIN!!!!
Mon, October 22, 2018 03:12 - 1093 posts
‘Hyper-alarming’ study reveals dramatic decline of insect population in rainforest
Mon, October 22, 2018 01:46 - 7 posts
The Mid-Term Elections 2018
Mon, October 22, 2018 00:27 - 299 posts
Countdown Clock to Trumps impeachment " STARTS"
Sun, October 21, 2018 14:38 - 1424 posts
North Korea
Sun, October 21, 2018 13:30 - 109 posts
Who Has Been Fired From Celebrity Appresident?
Sun, October 21, 2018 09:32 - 28 posts
Ghosts
Sat, October 20, 2018 22:31 - 6 posts
Where has SIG and 1kiki's outrage about anyone allying with Saudia Araba gone ?
Sat, October 20, 2018 11:46 - 19 posts

FFF.NET SOCIAL