The Fall f the United States, The End

[Eddies66]

Originally Posted by Alan Roehrich

Still wrong. Record revenue is record revenue. The tax cuts created record revenue. If spending outpaces that record revenue, it's the spending that causes debt, not the tax cuts. And spending outpaced revenue, in both cases. It does not matter how high tax rates or revenue are, if spending outpaces the revenue. And in the modern era, it almost always does.


Spending is a problem for both sides. Almost the entire debt can be attributed to the entitlements created by the "war on poverty", which is an abject failure. People cannot be bought out of poverty. Like lottery winners, people who get free money to buy them out of poverty are broke again almost immediately. They're not broke because they can't make money, they're broke because they won't make money and won't manage money.

So where did all this "record revenue" come from? The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Per the Constitution of the United States, Article I, Section 8. If corporate taxes are reduced, what does that leave to pay the rest?



I totally agree that the government spends way beyond it's means, I am for a flat tax with no deductions. I would also like to see a budget passed on time, the Federal Fiscal Year ends September 30. This year they were working on it in June. I would like to see something that was implemented here in California. If the budget goes past the due date the Assembly does not get paid.


You and I are on the same page with regards to spending, it is out of control.

[Alan Roehrich]

Originally Posted by Eddies66

So where did all this "record revenue" come from? The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Per the Constitution of the United States, Article I, Section 8. If corporate taxes are reduced, what does that leave to pay the rest?



I totally agree that the government spends way beyond it's means, I am for a flat tax with no deductions. I would also like to see a budget passed on time, the Federal Fiscal Year ends September 30. This year they were working on it in June. I would like to see something that was implemented here in California. If the budget goes past the due date the Assembly does not get paid.


You and I are on the same page with regards to spending, it is out of control.

The record revenue comes from a healthy and growing economy. It's obvious. Look up the numbers. The tax rate being reduced does not necessarily reduce revenue, and in fact, reducing the tax rate, encouraging spending, investment, and production, usually increases the amount of revenue. Excessive taxation serves only to stagnate the economy, and discourage investment, production, and growth. It's a simple matter of human nature. That which you penalize is reduced. Taxation penalizes the creation of wealth. Excessive taxation kills it.