j_b Posted March 23, 2011 Share Posted March 23, 2011 as if lowered corporate tax rates had provided any benefits to Michigan. Quit smoking the rug, will you? Tax Revenues Plummet in 2010 Thursday 03 March 2011 by: David Cay Johnston We take you now to the official data for important news. Federal tax revenues in 2010 were much smaller than in 2000. Total individual income tax receipts fell 30 percent in real terms. Because the population kept growing, income taxes per capita plummeted. Individual income taxes came to just $2,900 per capita in 2010, down 36 percent from more than $4,500 in 2000. Total income taxes and income taxes per capita declined even though the economy grew 16 percent overall and 6 percent per capita from 2000 through 2010. Corporate income tax receipts fell 27 percent and declined 34 percent per capita, even though profits boomed, rising 60 percent. Payroll taxes increased slightly overall, but slipped per capita because the nation's population grew five times faster than the number of people with any work. The average wage also declined slightly. You read it here first.Lowered tax rates did not result in increased tax revenues as promised by politician after pundit after professional economist. And even though this harsh truth has been obvious from the official data for some time, the same politicians and pundits keep prevaricating No matter how many times advocates of lower tax rates said it, tax rate cuts did not pay for themselves, did not spur economic growth, did not increase jobs, and did not make America better off. http://tax.com/taxcom/taxblog.nsf/Permalink/UBEN-8EL2Y8?OpenDocument Quote Link to comment Share on other sites More sharing options...
prole Posted March 23, 2011 Author Share Posted March 23, 2011 Best to eliminate their income all together by hastening the decades long exodus of private employers out of Michigan. Yeah Jay, remind us again how much better off Michigan and the rest of the country would be had we let the auto industry burn like you suggested... Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 JayB loves to gratuitously claim that working toward the race to the bottom is the only way to avoid the effects of the race to the bottom. Quote Link to comment Share on other sites More sharing options...
JayB Posted March 23, 2011 Share Posted March 23, 2011 http://www.detroityes.com/industry/index.html http://www.detroityes.com/downtown/index.html http://www.detroityes.com/nhood/01riveria.htm Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 Using the handy work of your outsourcing policies to claim they were necessary is still bad form. Quote Link to comment Share on other sites More sharing options...
JayB Posted March 23, 2011 Share Posted March 23, 2011 What arbitrary geographic boundary should we not allow goods or services to cross in order to avoid the horrors of outsourcing? How many goods or services that you require do you produce in your own yard, vs outsourcing them to other neighborhoods, cities, counties, or states? Got a hydro dam in your backyard? If not, why are you impoverishing yourself by buying power generated outside of your household? You buy power from outside sources every month, but they never buy anything from you. Just thing of the negative trade balance that you are running with them that you could rectify by erecting your own hand-made solar array, windmill, etc sourced with materials found on your own property! I propose that you put an immediate 100% embargo on all electrical power generated outside of your household and stick it to the folks who are engaged in unfair trade practices that are enabling them to profit at your expense. Also - should we limit the restrictions on trade to physical products? Or should we erect barriers to foreign media content, software, new surgical techniques, etc, etc, etc? Quote Link to comment Share on other sites More sharing options...
prole Posted March 23, 2011 Author Share Posted March 23, 2011 http://www.detroityes.com/industry/index.html http://www.detroityes.com/downtown/index.html http://www.detroityes.com/nhood/01riveria.htm Your taste in "ruin porn" is as weak as the rest of your game. Here's some help, though I don't know how it will help shed any light on your air of smug celebration as whatever positive effects the processes of "creative destruction" you worship have had have been so uneven, fleeting, and geographically dispersed as to be almost irrelevant to most Americans. http://www.jamesgriffioen.net/ http://invinciblecities.camden.rutgers.edu/intro.html http://www.marchandmeffre.com/detroit/index.html Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 so many straw men, so little time .. Quote Link to comment Share on other sites More sharing options...
AlpineK Posted March 23, 2011 Share Posted March 23, 2011 Too bad you guys aren't hot blond chicks. Quote Link to comment Share on other sites More sharing options...
rob Posted March 23, 2011 Share Posted March 23, 2011 pillow biters? Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 LOL Good one, Feck is joining the spfray? Quote Link to comment Share on other sites More sharing options...
Jim Posted March 23, 2011 Share Posted March 23, 2011 Next round: OLYMPIA – The gap between Washington’s projected state revenues and current expenses grew to about $5.1 billion for the coming biennium, prompting a call from Gov. Chris Gregoire for the Legislature to focus on painful cuts rather than budget “trims.” The Legislature will use this forecast to craft a budget of about $31.9 billion for the two-year budgeting cycle that begins July 1. If lawmakers can’t do that before April 24, the scheduled end of the current legislative session, they’ll need a special session. “We cannot trim our way out of it,” Gregoire said two hours after the forecast was announced. “Cuts will be felt everywhere around the state.” Quote Link to comment Share on other sites More sharing options...
prole Posted March 23, 2011 Author Share Posted March 23, 2011 Gregoire's not the only one that's busy making sure that "painful cuts" are the only feasible option. Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 Politicians and conservatives live in an alternative math universe where spending alone make up the budget equation. Revenues are cratering before our very eyes and budget cuts is all they have to offer even though it is sure to compound revenue deficit. Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted March 23, 2011 Share Posted March 23, 2011 Gregoire's not the only one that's busy making sure that "painful cuts" are the only feasible option. The voter doesn't want higher taxes, therefore cuts are needed. Pretty simple. You are always free to donate your excess cash to the state coffers. They'll take it. Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 JUst wait for the grim reality of budget cuts to take effect to see the fastest swing in public opinion, and then you'll suddenly remember about the tyranny of the majority. Odd how you suddenly find redeeming qualities in "we the people .." when it's convenient. Opportunist. Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted March 23, 2011 Share Posted March 23, 2011 JUst wait for the grim reality of budget cuts to take effect to see the fastest swing in public opinion If that happens, then the public has learned "a lesson" which will result in either ceasing to support tax cuts and tax cutting initiatives, be willing to vote tax increases back - or both. If you are incorrect, then gov't will just be smaller. Your "type" is always trying to decide what is best for everyone and not let them decide for themselves. Quote Link to comment Share on other sites More sharing options...
prole Posted March 23, 2011 Author Share Posted March 23, 2011 Welcome to the Hotel California... Quote Link to comment Share on other sites More sharing options...
Jim Posted March 23, 2011 Share Posted March 23, 2011 The state legislators are considering "closing tax loopholes", but it appears that this will require a 2/3rd majority as it would raise taxes according to that wonkly I-960. So I guess this, and last year's election, already show where the voters are on taxes. So we're back to: 1) make structural changes including benefits/pensions 2) service cuts. My guess is that we'll see more of #2... least for a while. Quote Link to comment Share on other sites More sharing options...
prole Posted March 23, 2011 Author Share Posted March 23, 2011 The state legislators are considering "closing tax loopholes", but it appears that this will require a 2/3rd majority as it would raise taxes according to that wonkly I-960. So I guess this, and last year's election, already show where the voters are on taxes. And yet, Eymanoid ditto-heads aren't obstacles to solving the crisis, progressives are. Thanks for "keeping it real". Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 The supermajority rule is unconstitutional, and it wasn't voted with a 2/3 majority, which makes it de facto bunk. Quote Link to comment Share on other sites More sharing options...
Jim Posted March 23, 2011 Share Posted March 23, 2011 The state legislators are considering "closing tax loopholes", but it appears that this will require a 2/3rd majority as it would raise taxes according to that wonkly I-960. So I guess this, and last year's election, already show where the voters are on taxes. And yet, Eymanoid ditto-heads aren't obstacles to solving the crisis, progressives are. Thanks for "keeping it real". While I agree that it's a stupid law, there was, well a vast majority of voters who went for it - so it wasn't just crackpots and lost souls. Maybe people are just stupid and vote against their best interest - I dunno. But a majority went for it and here we are. Quote Link to comment Share on other sites More sharing options...
j_b Posted March 23, 2011 Share Posted March 23, 2011 "No bill shall become a law unless on its final passage the vote be taken by yeas and nays, the names of the members voting for and against the same be entered on the journal of each house, and a majority of the members elected to each house be recorded thereon as voting in its favor." Moreover, a simple majority cannot decide that a super majority is needed to make rules. Quote Link to comment Share on other sites More sharing options...
Jim Posted March 23, 2011 Share Posted March 23, 2011 "No bill shall become a law unless on its final passage the vote be taken by yeas and nays, the names of the members voting for and against the same be entered on the journal of each house, and a majority of the members elected to each house be recorded thereon as voting in its favor." Moreover, a simple majority cannot decide that a super majority is needed to make rules. Maybe you could hook up with Pat and your jurisprudence expertise could run it through the courts in time for the budget talks. In the meantime it's the law. Quote Link to comment Share on other sites More sharing options...
glassgowkiss Posted March 23, 2011 Share Posted March 23, 2011 Are people so fucking dumb or what? there are 2 alternatives: either we live in civil society, where some expenses are shared (like school, roads, utilities) or the other side is anarchy. It takes funds to pay for these things. In the meantime I don't see the same rhetoric when a utility raises their rates for electricity, gas, water, sewer, garbage and so on. So WTF is with taxes? Both federal, state, and local? why do we ask people referendums on highways, capital projects and such? I mean what people like KK or FW (both A(ss)T(o)M(outh) douchenozzles) know about upkeep cost of one mile of a highway, which they drive on every day? Oh yea, let's keep giving tax brakes to the corporations, so they can move profits off shore, let's keep cutting taxes for the top 1% and let's have everyone pay for (now) 3 wars we are in, while bleeding middle class to the extinction. Great fucking American Dream. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.