Duh
You may want to read more closely next time. The figures are
adjusted for inflation, which includes wage inflation.
Open mouth insert foot
--- Stephen Russell <srussell (AT) lotmate D.OT com> wrote:
> 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@leafe.com
> [mailto:profox-bounces (AT) leafe D.OT 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@yahoo.com>
> To: "ProFox Email List" <profox (AT) leafe D.OT 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@leafe.com
> > > [mailto:profox-bounces (AT) leafe D.OT 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@mail.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 Michael Madigan |
