"Mitchell Holman" <noemail@aol.com> wrote in message
news:XnsB173D6AF574BA629555@185.151.15.190...
> 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%?

No but the cost of what you buy from those companies probably went down,
since they are not longer having to collect that tax from you.