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alt / alt.atheism / Re: Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO

Subject: Re: Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO
From: Skeeter
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From: skeeterweed@photonmail.com (Skeeter)
Newsgroups: alt.fan.rush-limbaugh,or.politics,uk.politics.misc,talk.politics.guns,rec.arts.tv,alt.atheism
Subject: Re: Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO
Date: Wed, 15 May 2024 20:25:43 -0600
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In article <XnsB173D42891061629555@185.151.15.160>, noemail@aol.com
says...
>
> Skeeter <skeeterweed@photonmail.com> wrote in news:66451770$1$3711205
> $882e4bbb@reader.netnews.com:
>
> > In article <XnsB172D7EED96F0629555@185.151.15.190>, noemail@aol.com
> > says...
> >>
> >> 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.
> >> >> >
> >> >> u cab find a legalloophole then use it.
> >> >>
> >> >> Are you proud of paying more in taxes
> >> >> than billionaire Trump?
> >> >
> >> > Really? You are scraping bottom.
> >> >
> >>
> >>
> >> Trump went for years without
> >> paying any taxes. Did you ever do
> >> that?
> >
> > Who cares? Different rules.
>
>
> Exactly.
>
>
> > If you find a legal loophole then use it.
> >
>
> What loopholes have YOU used
> to avoid having to pay to any income
> taxes?

None. I pay what I am supposed to.

SubjectRepliesAuthor
o Extending Trump Tax Cuts Would Add $4.6 Trillion to Deficit: CBO

By: Borrow & Spend t on Fri, 10 May 2024

239Borrow & Spend tRUMP

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