I'm glad that through inflation and rising wages, INCOME TAX revenue has
increased. DUH!
Person makes 40,000 and takes a new job with a 20% raise. Unfortunately
they have a longer commute, including a Train Ticket into NYC.(5,6,700 a
month?) They now pay a NYC tax as well as the others that they had before.
Last, they lost 45 min of time at home with their family for each direction
of travel (90 min per day).
Your graph shows the gain our wage earner made and how the government is
making some more money. But as you can see in the above sample the poor
bastard lost big time. Train travel is a new burden he must pay. Much like
our nations debt.
Stephen Russell
S.R. & Associates
Memphis TN 38115
901.246-0159
-----Original Message-----
From: profox-bounces At leafe D.O.T com [mailto:profox-bounces@leafe.com]On
Behalf Of Chet Gardiner
Sent: Thursday, June 12, 2003 2:52 PM
To: ProFox Email List
Subject: Re: [OT] Tony Small's Tax Cut Estimator
This is a useless chart unless they've taken other factors into account and
show
what they are. Population rise, income patterns, GDP rise, etc. One could
also
surmise that there has been increase in Federal Revenue in spite of tax cuts
rather than because of them!
I do notice from the chart that there was a rather significant dip after
Reagan's tax cut and one that persists today after Bush's tax cuts. Another
interesting item is that there was no dip after Kennedy's tax cuts. There
is a
major one after Nixon's election. There's no dip after Clinton's minor tax
increase...actually, an acceleration.
Maybe the real lesson is that everyone should vote Democrat since from the
evidence in the Heritage Foundation's chart, they're the only ones who can
hold
office without harming the economy.
----- Original Message -----
From: "Michael Madigan" <mmadi10699 At yahoo D.O.T com>
To: "ProFox Email List" <profox@leafe.com>
Sent: Thursday, June 12, 2003 12:33 PM
Subject: RE: [OT] Tony Small's Tax Cut Estimator
>
http://www.heritage.org/research/features/budgetchartbook/charts_R/index.htm
l
>
> Notice the increase in revenue as taxes fell.
>
>
>
> > Where do you come up with this information?
> >
> > Stephen Russell
> > S.R. & Associates
> > Memphis TN 38115
> > 901.246-0159
> >
> >
> > -----Original Message-----
> > From: profox-bounces At leafe D.O.T com
> > [mailto:profox-bounces@leafe.com]On
> > Behalf Of Michael Madigan
> > Sent: Thursday, June 12, 2003 8:14 AM
> > To: ProFox Email List
> > Subject: Re: [OT] Tony Small's Tax Cut Estimator
> >
> >
> > Every tax cut in history has resulted in increased revenue to
> > the
> > Federal Government. So, we will actually be lowering the debt.
> >
> > --- "Leland F. Jackson, CPA" <smvfp At mail D.O.T smvfp.com> wrote:
> > > Hi Michael,
> > >
> > > Remember, the payment is coming from deficit spending which
> > > creates a debt that we all owe back to ourselfs. You might
> > end
> > > up repaying the advance many times over, due to compounding
> > > interest. Your tax refund could easily be deducted from
> > funds
> > > you have paid social security by either a reducted benefit or
> > > no benefit. Enjoy.
> > >
> > > LelandJ
> >
> >
> > =====
> > "I triple guarantee you, there are no American soldiers in
> > Baghdad."
> > Muhammed Saeed al-Sahaf (Baghdad Bob)
> >
[excessive quoting removed by server]
©2003 Stephen Russell |
