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Interpret this chart.

By WineHorror1 follow WineHorror1   2017 Dec 20, 3:14pm 2,318 views   9 comments   watch   nsfw   quote   share    


#Taxes
1   Quigley   ignore (2)   2017 Dec 20, 3:26pm     ↓ dislike (0)   quote   flag        

Looks like corporate income taxes have drastically declined as corporations have gone more multinational thus accessing more accounting tricks to hide taxable profits.
This would suggest that the current tax bill is I the right track to make profit taking more favorable once again in the USA. Corporate tax income might even go up!
Payroll taxes should not be affected, unless they increase with more employment in a stronger economy.
2   anonymous   ignore (null)   2017 Dec 20, 8:51pm     ↓ dislike (0)   quote   flag        

Proves the regressiveness of outsourcing and NAFTA.

Corporate taxes reduced, due to offshoring, reduction in payroll taxes, loopholes, and reduced local sales tax from manufactured goods. There is less excise and other taxes but less goods to tax so there has been creep in taxes while taxable goods are reduced numerically. Pay has been flat or gone down, but taxes in states and local have gone up continually.

NAFTA and CRA bubbles are like betting against american citizens. When one says "these jobs are not coming back" this is visionless, regressive, and anti american. We have outsourced so much that we have created a bubble economy. A gig economy. The # of arts, social degrees, accounting, and law degrees have gone up in comparison to science and manufacturing, create a ultra regressive, non return on investment work force, that sells good made offshore instead of manufacturing. We need a progressive manufacturing stance, and investment. Chinese invest in technology have tax enterprize zones, massive increase in science and engineering, and yes they are communist, but if there investments are worthwhile, egalitarian (to their citizens) and have good ROI, then so what? They now are manufacturing Airbus and Boeing fuselages in China, soon more.....

So much for NAFTA, CRA, and an arts and humanities workforce........
3   FNWGMOBDVZXDNW   ignore (2)   2017 Dec 21, 2:01am     ↓ dislike (0)   quote   flag        

Needs two other graphs:
1. How much general fund has been using the poor/middle class retirement / health care moneys to fund wars. That is, what percent of that payroll tax is going to buy treasuries.
2. Total tax as percent of GDP, so we can see how the government tax base has grown or shrunk in real terms.
5   anonymous   ignore (null)   2017 Dec 21, 4:39pm     ↓ dislike (0)   quote   flag        

anon_0f194 says
Corporate taxes reduced, due to offshoring


Please explain.
6   anonymous   ignore (null)   2017 Dec 21, 4:39pm     ↓ dislike (0)   quote   flag        

I'm sure all of the payroll taxes are being spent on treasuries that are put in a lock box for social security, leaving pleanty of excess revenues to pay for big tax cuts.
7   Strategist   ignore (2)   2017 Dec 21, 4:59pm     ↓ dislike (1)   quote   flag        

Payroll taxes are a much greater part of the Federal Tax Revenue. We have an aging population with people living longer. Less workers to support more people who are retiring.
I think payroll taxes will increase even more over time.
I'd say the real culprit is the payroll taxes.
8   anonymous   ignore (null)   2017 Dec 21, 10:05pm     ↓ dislike (0)   quote   flag        

Yes, right when the retirement needs of aging boomers are about to hit, lets spend payroll tax revenues on tax cuts for the rich.

How many times have we seen this movie ? Republicans jack up the deficit and then when a democrat is elected they'll say we can't afford "entitlements" like Medicare and social security, let alone any other spending on programs for the poor. Where did all the republican deficit hawks go ?
9   CovfefeButDeadly   ignore (5)   2017 Dec 22, 1:46am     ↓ dislike (1)   quote   flag        

anon_08dee says
Yes, right when the retirement needs of aging boomers are about to hit, lets spend payroll tax revenues on tax cuts for the rich.

How many times have we seen this movie ? Republicans jack up the deficit and then when a democrat is elected they'll say we can't afford "entitlements" like Medicare and social security, let alone any other spending on programs for the poor. Where did all the republican deficit hawks go ?


I hate it so much when I get to keep thousands instead of being forced to give it to some deadbeat no job loser.

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