Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Tax revenue’

… Why the OCs [ObamaCraps] go After Tax Inversions ?? [#greed]…

Posted by paulfromwloh on Thursday,April 7th,2016

.. ideology is one . The ObamaCrap Admin is heavily anti – business . They view business with heavy suspicion and a great deal of hatred . Most of the OCs have never managed a business , a payroll , or dealt with government from that ” side of the fence . ” They cannot stand business , except to squeeze the corporate ” teat ” for tax revenue [and plenty of it] ..

.. revenue is another . The OCs want as much tax revenue as they can get . They consider the revenue from a company to be theirs , and not the company ‘ s . Thus , they grant the company the right to keep that revenue [after tax ..]..

.. [h/t — Reuters.com/business]..
.. [link] to the blog post news ..

.. greedy bastards , aren’t they ?? ..

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… Good Luck , Vermont ! …

Posted by paulfromwloh on Tuesday,April 22nd,2014

.. I thought that the People ‘ s Republic of Taxachusetts was bad .

.. Vermont is , it seems , worse .

.. [h/t — m.NationalReview]..
.. [link] to the blog news ..

.. when the commune [state] of Vermont adopted its ObamaCrapCare exchange model , it found that it had a problem — tax money ..

.. it did not have enough of it . It still needs to get waivers from the Feds to wrap Medicare and Medicaid into its single – payer model . But , it still does not have enough tax $$ .. Oops ..

.. Vermont is , however , a small state , of about 670 , 000 people . It produces , normally , about $ 3 billion in state tax revenue every year . To pay for its model , it needs to raise another $2.5 billion — slight problem …

.. even the ” Green Mountain ” gang is not crazy . They may want to adopt a single – payer mondel for ObamaCrapCare — but where does the money come from ?? Great Question . They jack up the taxes , and people go bye – bye …

.. you made your bed , folks . You get to lie in it …

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… POTUS is lying [Debt Default] …

Posted by paulfromwloh on Thursday,October 3rd,2013

.. right now , we are running a deficit of about $750 billion , in a budget of about $3,6 trillion . What that means is that we are running a deficit that is about a little less than 20.0% of revenue .

.. Yea , that is waaaay too high of a deficit . Ideally , we should be running a surplus . A surplus would be very helpful in paying down , and then paying off our national debt . Unfortunately , right now , we are not doing so . In order to run a surplus , we must first bring the budget into balance . That means bringing a simple equation together …

                                               spending + interest + debt principal = tax revenue + (zero * added debt)

.. yea , you got it , it is that simple .

.. But , is there enough money to pay the interest and principal on our nation ‘ s debt ? Hell , Yes . By plenty . There is too much money being spent on federal programs , relative to our tax revenue . I refer to it that way , instead of the other way , which is not having enough tax revenue , relative to our federal programs .

.. What about the Debt Limit ..

.. it means no more monkeyshines to evade it . We have a national credit card , and that point means we have hit the limit . Either we live within our means (along with a partial government shutdown) , or Congress (who has the legal power to do it) raises the limit on the national credit card ..

.. Will there be another shutdown ?

.. Yes , if this one is not resolved by then . Only a partial one , however . The government will have to live within its means until that limit is raised , if it is raised .

.. Does the Debt Limit have to be raised ?

.. Technically , no . The permanent debt limit is what it is (about $17.1 trillion , I believe) at set in the Public Law . Pratically , yes . We are still running a deficit , and POTUS has shown no interest in co – operating in balancing the budget , with at least a modicum of spending restraint ..

.. Would tax cuts help ?

.. Hell , yes . Our taxes are high enough , as it is . Especially the taxes related to investment income (capital gains taxes) and those related to repatriation of foreign profits (foreign subsidiaries of American firms) …

.. I understand the former , as an investor . What is the latter ?

.. The current environment is very punitive for foreign subsidiaries of American companies . They have no incentive to bring home , and invest the profits of their foreign company affiliates (subsidiaries) here in the United States .

.. Would a change in the tax rates help ?

.. god yes . The larger the tax cut , the better . The better the change in the tax environment , the louder the message is sent to investors …

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