Whack-A-Troll

M2RB:

You have now, troll.

"Taxes are at a 50-year low."

- Troll Botticelli, 8 June 2012

Really?

Fifty years ago, a schoolteacher earned around $2,400 per year. Are you claiming that teachers today are paying the same amount in taxes?

Or, maybe, you were referring to tax rates, but of course, that can't be true because the top marginal rate was cut to 28% in 1988.

Or, maybe, you meant as a percentage-of-GDP, but that isn't true either. It's actually rebounded since 2010.

Or, maybe, you meant that sales taxes, property taxes, excise taxes, state income taxes, etc., are all the same amount that they were 50 years ago, but obviously that would make you a MMofA-talking-points-spouting-idiot. 

"I meant rates, obviously. The "top marginal rate" means next to nothing, because nobody in the top tier has ever paid the full rate."

- Troll Botticelli, 8 June 2012

 

No, you didn't. You meant as a percentage of GDP because I've been debunking that talking point for the last 2 years.

The total tax revenue as a fraction of GDP since 1950 averages 16.9%.

FY1950:

GDP - 293.7

Rev: 43.5

Revas%GDP = 14.81%

FY1951: 

GDP - 339.3

Rev: 56.7, Revas%

GDP = 16.71%

FY1952: 

GDP - 358.3

Rev: 71.8

Revas%GDP = 20.03%

FY1953:

GDP - 379.3

Rev: 74.2, Revas%GDP = 19.56%

FY1954: 

GDP - 380.4

Rev. 75.8

Revas%GDP = 19.93%

FY1955:  

GDP - 414.7

Rev. 71.9

Revas%GDP = 17.34%

FY1956: 

GDP - 437.4

Rev. 81.3

Revas%GDP = 18.59%

FY1957: 

GDP - 461.1

Rev. 87.1

Revas%GDP = 18.89%

FY1957: 

GDP - 461.1

Rev. 87.1

Revas%GDP = 18.89%

FY1958: 

GDP - 467.2

Rev. 86.0

Revas%GDP = 18.41%

FY1959:  

GDP - 506.6

Rev. 85.5

Revas%GDP = 16.88%

FY1960: 

GDP - 526.4

Rev. 99.8

Revas%GDP = 18.96%

FY1961:  

GDP - 544.8

Rev. 101.3

Revas%GDP = 18.59%

FY1962: 

GDP - 585.7

Rev. 99.7

Revas%GDP = 17.02%

FY1963:  

GDP - 617.8

Rev. 106.6

Revas%GDP = 17.25%

FY1964: 

GDP - 663.6

Rev. 112.6

Revas%GDP = 16.97%

FY1965: 

GDP - 719.1

Rev. 116.8

Revas%GDP = 16.24%

FY1966: 

GDP - 787.7

Rev. 130.8

Revas%GDP = 16.61%

FY1967:  

GDP - 832.4

Rev. 148.8

Revas%GDP = 17.88% 

FY1968: 

GDP - 909.8

Rev. 153.0

Revas%GDP = 16.82%
 

FY1969: 

GDP - 984.4

Rev. 186.9

Revas%GDP = 18.99%

FY1970: 

GDP - 1,038.3

Rev. 192.8

Revas%GDP = 18.57%

FY1971: 

GDP - 1,126.8

Rev. 187.1

Revas%GDP = 16.61%
 

FY1972: 

GDP - 1,237.9

Rev. 207.3

Revas%GDP = 16.75%

FY1973:

GDP - 1,382.3

Rev. 230.8

Revas%GDP = 16.69%

FY1974: 

GDP - 1,499.5

Rev. 263.2

Revas%GDP = 17.55%
 

FY1975:  

GDP - 1,637.7

Rev. 279.1

Revas%GDP = 17.04%

FY1976: 

GDP - 1,824.6

Rev. 298.1

Revas%GDP = 16.34%

FY1977: 

GDP - 2,030.

Rev. 355.6

Revas%GDP = 17.52 %

FY1978: 

GDP - 2,293.8

Rev. 399.6

Revas%GDP = 17.42%

FY1979: 

GDP - 2,562.2

Rev. 463.3

Revas%GDP = 18.08%

FY1980: 

GDP - 2,788.1

Rev. 517.1

Revas%GDP = 18.55%

FY1981: 

GDP - 3,126.8

Rev. 599.3

Revas%GDP = 19.17%

FY1982:

GDP - 3,253.2

Rev. 617.8

Revas%GDP = 18.99%

FY1983: 

GDP – 3,534.6

Rev. 600.6

Revas%GDP = 16.99%

FY1984:

GDP – 3,930.9

Rev. 666.4

Revas%GDP = 16.95%

FY1985: 

GDP – 4,217.5

Rev. 734.0

Revas%GDP = 17.41%

FY1986: 

GDP – 3,930.9

Rev. 769.2

Revas%GDP = 19.57%

FY1987:  

GDP – 4,736.4

Rev. 854.3

Revas%GDP = 18.04%

FY1988: 

GDP – 5,100.4

Rev. 909.2

Revas%GDP = 17.83%

FY1989: 

GDP – 5,482.1

Rev. 991.2

Revas%GDP = 18.26%

FY1990: 

GDP – 5,800.5

Rev. 1,032.0

Revas%GDP = 17.79%

FY1991: 

GDP – 5,992.1

Rev. 1,055.0

Revas%GDP = 17.61%

FY1992: 

GDP – 6,342.3

Rev. 1,091.2

Revas%GDP = 17.21%

FY1993: 

GDP – 6,667.4

Rev. 1,154.3

Revas%GDP = 17.31%

FY1994: 

GDP – 7,085.2

Rev. 1,258.6

Revas%GDP = 17.76%

FY1995:  

GDP – 7,414.7

Rev. 1,351.8

Revas%GDP = 18.23%

FY1996: 

GDP – 7,838.5

Rev. 1,453.1

Revas%GDP = 18.54%

FY1997:  

GDP – 8,332.4

Rev. 1,579.2

Revas%GDP = 18.95%

FY1998: 

GDP – 8,793.5

Rev. 1,721.7

Revas%GDP = 19.58%

FY1999: 

GDP – 9,353.5

Rev. 1,827.5

Revas%GDP = 19.54%

FY2000:  

GDP – 9,951.5

Rev. 2,025.2

Revas%GDP = 20.35%

FY2001: 

GDP – 10,286.2

Rev. 1991.1

Revas%GDP = 19.37%

FY2002:  

GDP – 10,642.3

Rev. 1,853.1

Revas%GDP = 17.41%

FY2003: 

GDP – 11,142.1

Rev. 1,782.3

Revas%GDP = 16.01%

FY2004:  

GDP – 11,867.8

Rev. 1,880.1

Revas%GDP = 16.84%
 

FY2005: 

GDP – 12,638.4

Rev. 2,453.6

Revas%GDP = 17.31%

FY2006: 

GDP – 13,398.9

Rev. 2,406.9

Revas%GDP = 18.23%

FY2007: 

GDP – 14,077.6

Rev. 2,568.0

Revas%GDP = 18.74%

FY2008:  

GDP – 14,441.4

Rev. 2,524.0

Revas%GDP = 17.48%

FY2009: 

GDP – 14,119.0

Rev. 2,105.0

Revas%GDP = 14.91%

FY2010: 

GDP – 14,508.2

Rev. 2,162.7

Revas%GDP = 14.91%

FY2011: 

GDP – 15,094.0

Rev. 2,303.5

Revas%GDP= 15.26% 

FY2012(e):

GDP – 15,601.5

Rev. 2,468.6

Revas%GDP= 15.82%

 

"Corporations are rolling in money. Jobs aren't being created fast enough. And you guys want to let corporations keep MORE of their money? You still believe that 'trickle down" story.'"

 - Troll Botticelli, 8 June 2012

They are keeping it overseas because they've already paid taxes on it. The US is the only country in the world that makes its corporations pay taxes on profits that have already been taxed where they were made. If US corporations repatriate the money, they have to pay 35% on it. THEY ARE NOT GOING TO DO IT BECAUSE THEIR SHAREHOLDERS -- LIKE PENSION FUNDS -- WOULD FIRE THE BOARD AND MANAGEMENT.

If you want the biggest stimulus in history, repeal the tax on repatriation and let our corporations play on the same level field as other multinationals.  

As for "trickle down" and my economic philosophy, I'm an adherent of the Austrian School.  You, on the other hand, you still believe that Marx, Engels, Lenin, Keynes, Krugman, Obama, etc., was/are right and that unicorns, lollipops, butterflies, rainbows, and magical, sprinkle dust can all be made free for the happy proles, if only we have the right people and spend enough money.