Skeeter <skeeterweed@photonmail.com> wrote in news:6645301a$0$7059
$882e4bbb@reader.netnews.com:

> In article <XnsB17355A52F9D6629555@185.151.15.160>, noemail@aol.com
> says...
>>
>> pothead <pothead@snakebite.com> wrote in
>> news:v20tgc$f3ai$5@dont-email.me:
>>
>> > On 2024-05-14, Yak <yak@inbox.com> wrote:
>> >> On 5/14/2024 5:04 PM, Baxter wrote:
>> >>> Skeeter <skeeterweed@photonmail.com> wrote in
>> >>> news:6643c6af$0$3711196$882e4bbb@reader.netnews.com:
>> >>>
>> >>>> In article <XnsB172867C8C708629555@185.151.15.160>,
noemail@aol.com
>> >>>> says...
>> >>>>>
>> >>>>> Yak <yak@inbox.com> wrote in news:v1vv0t$6l2l$2@dont-email.me:
>> >>>>>
>> >>>>>> On 5/14/2024 11:02 AM, Baxter wrote:
>> >>>>>>> Yak <yak@inbox.com> wrote in news:v1vml7$5qr6$2@dont-email.me:
>> >>>>>>>
>> >>>>>>>> On 5/13/2024 6:52 PM, Baxter wrote:
>> >>>>>>>>> Skeeter <skeeterweed@photonmail.com> wrote in
>> >>>>>>>>> news:66428aac$0$2363145$882e4bbb@reader.netnews.com:
>> >>>>>>>>>
>> >>>>>>>>>> In article <6642836f$0$6559$882e4bbb@reader.netnews.com>,
>> >>>>>>>>>> "Charlie Glock"@localhost.com says...
>> >>>>>>>>>>>
>> >>>>>>>>>>> On 2024-05-13, Scout
>> >>>>>>>>>>> <me4guns@verizon.removeme.this2.nospam.net> wrote:
>> >>>>>>>>>>>>
>> >>>>>>>>>>>>
>> >>>>>>>>>>>> "Yak" <yak@inbox.com> wrote in message
>> >>>>>>>>>>>> news:v1o9ok$24n0i$1@dont-email.me...
>> >>>>>>>>>>>>> On 5/11/2024 8:05 AM, Scout wrote:
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> "Ford Prefect" <hhgttg@galaxy.com> wrote in message
>> >>>>>>>>>>>>>> news:v1m2r4$1hjhg$3@dont-email.me...
>> >>>>>>>>>>>>>>> On 5/10/2024 5:02 PM, spaminator wrote:
>> >>>>>>>>>>>>>>>> Ford Prefect <hhgttg@galaxy.com> wrote:
>> >>>>>>>>>>>>>>>>
>> >>>>>>>>>>>>>>>>> This one again?
>> >>>>>>>>>>>>>>>>>
>> >>>>>>>>>>>>>>>>> Let's assume what the CBO says is correct (you can't
>> >>>>>>>>>>>>>>>>> because it doesn't
>> >>>>>>>>>>>>>>>>> account for the increased tax receipts that occur
>> >>>>>>>>>>>>>>>>> under tax cuts), the IRS would have collected $4.6
>> >>>>>>>>>>>>>>>>> billion per year (4.6B/year * 10 years = 4.6T).
>> >>>>>>>>>>>>>>>>
>> >>>>>>>>>>>>>>>> ROFL. Your arithmetic skills are broke. Back to 3rd
>> >>>>>>>>>>>>>>>> grade for you.
>> >>>>>>>>>>>>>>>
>> >>>>>>>>>>>>>>> What's broke? Or were you educated at a public school?
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> 4.6B/year * 10 years = 46B
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> On the other hand, lets point out that difference is
>> >>>>>>>>>>>>>> irrelevant given the sort of deficits the government
is,
>> >>>>>>>>>>>>>> has, and will continue to produce.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> We need to eliminate the power of government to add or
>> >>>>>>>>>>>>>> increase any taxes.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> They get 15% of the GDP (federal, state and local) and
>> >>>>>>>>>>>>>> they
>> >>>>> have
>> >>>>>>>>>>>>>> to live within their means like everyone else.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> Currently that would allow all levels of government to
>> >>>>>>>>>>>>>> spend $3.81 Trillion.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> Another 5% would be applied directly to paying down the
>> >>>>> existing
>> >>>>>>>>>>>>>> state and national debts (and would not apply to new
>> >>>>>>>>>>>>>> debt)
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> The FIRST budgetary item would be to pay the interest
on
>> >>>>>>>>>>>>>> any
>> >>>>> new
>> >>>>>>>>>>>>>> debt and paying off 5% of the principle of such debt.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> The Secondary budget item would be to service of any
>> >>>>>>>>>>>>>> bonds sold to the public to finance large government
>> >>>>>>>>>>>>>> projects.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> The FINAL budget item would be pay for the elected
>> >>>>>>>>>>>>>> officials.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> In short, if the government is going into debt.. they
>> >>>>>>>>>>>>>> don't get paid.
>> >>>>>>>>>>>>>>
>> >>>>>>>>>>>>>> Further they are prohibited from having any other
sources
>> >>>>>>>>>>>>>> of income.
>> >>>>>>>>>>>>>
>> >>>>>>>>>>>>> Let's take it even another step further. According to
the
>> >>>>>>>>>>>>> CBO
>> >>>>> the
>> >>>>>>>>>>>>> total deficts from the beginning of the Trump tax cuts,
>> >>>>>>>>>>>>> and extending them through 2033, is about $31 trillion.
>> >>>>>>>>>>>>> Subtract the $4.6 trillion Trump tax cuts and you still
>> >>>>>>>>>>>>> have $26.4 trillion.
>> >>>>> Am
>> >>>>>>>>>>>>> I supposed to feel better about this? Especially
>> >>>>>>>>>>>>> considering, as Ford correctly noted, even if the govt
>> >>>>>>>>>>>>> collected it they would spend it anyway.
>> >>>>>>>>>>>>
>> >>>>>>>>>>>> As I said limit government spending to a percentage of
the
>> >>>>>>>>>>>> GDP.
>> >>>>> If
>> >>>>>>>>>>>> officials exceed those limits there are consequences.
>> >>>>>>>>>>>>
>> >>>>>>>>>>>
>> >>>>>>>>>>> Both parties spend like drunken sailors and it needs to
>> >>>>>>>>>>> stop.
>> >
>> >
>> >>>>>>>>>>> My issue is more of a what are they spending my tax
dollars
>> >>>>>>>>>>> on? Are these bills productive or are millions of dollars
>> >>>>>>>>>>> set aside to
>> >>>>> study
>> >>>>>>>>>>> how chickens mate?
>> >>>>>>>>>
>> >>>>>>>>> In the 50's and 60's we taxed the rich to pay for out
>> >>>>>>>>> spending. We
>> >>>>>>> can
>> >>>>>>>>> do it again..
>> >>>>>>>>
>> >>>>>>>> The rich are already taxed.
>> >>>>>>>>
>> >>>>>>> Many of the rich don't pay any taxes.
>> >>>>>>
>> >>>>>> Many of the non-rich don't either.
>> >>>>>>
>> >>>>>
>> >>>>>
>> >>>>> Are you proud of paying more in taxes
>> >>>>> than billionaire Trump?
>> >>>>
>> >>>> Really? You are scraping bottom.
>> >>>>
>> >>>
>> >>> That's a real question. tRump claims to be a billionaire yet
picks
>> >>> your pocket and cheats on taxes.
>> >>
>> >> Nope, he used the very tax code that Biden, over his 2000+ years in
>> >> govt, has created.
>> >
>> > Yep.
>> > The rich use the loopholes to their advantage. I am against that but
>> > it's the current system. Somebody making 40k a year does not have
that
>> > ability.
>>
>>
>> The rich MAKE the loopholes, the
>> rich use the loopholes, and you really
>> think they "apply across the board"?
>
> He never said they did.
>

Remarks by President Trump at
Signing of H.R. 1, Tax Cuts and
Jobs Bill Act, and H.R. 1370
December 22, 2017
https://trumpwhitehouse.archives.gov/briefings-statements/remarks-
president-trump-signing-h-r-1-tax-cuts-jobs-bill-act-h-r-1370/

"The corporate tax rate, as you know,
will be lowered from 35 to 21 percent."

Did YOUR tax bill go down by 14%?

"This is the biggest tax cuts and reform
in the history of our country. This is
bigger than, actually, President Reagan�s
many years ago."

That would be the tax cut that
doubled the entire federal debt.

"We�re going to bring back our companies.
They�ve already started coming back."

In fact the Trump policy ACCELERATED
the pace of US companies moving jobs
overseas.

https://tinyurl.com/49mw7era