Showing posts with label Tax Policy Center. Show all posts
Showing posts with label Tax Policy Center. Show all posts
Wednesday, February 26, 2025

The National Debt has been at $36 trillion plus change since Nov 21

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   Three months and counting. The federal government is expected to blow through $7.266 trillion in fiscal 2025. That's $20 billion EVER...
Friday, April 28, 2023

Latest inflation reads show entrenchment, Fed will have to go higher and stay higher for longer but Congress must cut spending and raise revenues

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 The Fed can do only so much, but a Fed Funds Rate of 4.83 is hardly adequate for current conditions. The fiscal side in this, however, has ...
Saturday, November 20, 2021

$2.2 trillion Build Back Butter bill Democrats insisted would cost nothing CBO estimates would cost $367 billion over ten years

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            So-called Democrat moderates in the House voted for it anyway, 220-213, undermining Republican claims their votes could be peele...
Thursday, December 7, 2017

Sum Ting Wong: Low top marginal tax rates since 1986 have NOT delivered

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Low top marginal tax rates have NOT delivered since 1986. The average top marginal rate has been 38% for the last thirty years, 49...
Saturday, November 4, 2017

How to tax the rich and only the rich as originally intended in 1913, and solve a lot of problems

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In 1913 when the average Joe made about $800 a year, the first income tax under the 16th Amendment didn't worry him because he didn...
Monday, December 5, 2016

What a hypocritical gasbag Rush Limbaugh is about Trump's spending plans

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Why, Donald Trump could be another FDR!, he says today. He could consolidate Republican rule for decades if he spends the money correctl...
Saturday, September 26, 2015

Conservatives give thanks for the achievements of John Boehner, libertarians, the ignorant and the stupid just snarl

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Saved taxpayers $ 762 billion over ten years by making the Bush tax rates permanent for 98% of all filers beginning at the dawn of 2013 ...
Wednesday, February 19, 2014

How The 2009 Stimulus Has Hidden The Obama Decline

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As everyone knows by now, when the Democrats swept into power in the 2008 election one of the first things they did was pass the stimulus sp...
Tuesday, April 30, 2013

Real Federal Spending Growth Since 2000 Has Outstripped Real GDP 3 To 1

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Your government in action People who keep saying government should spend more to grow the economy more don't want to confront the fact t...
Saturday, March 2, 2013

The House Should Pass A CR Of $2.983 Trillion And Drive The Blade Home

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Now that Republicans have Democrats off balance with a small spending cut, the up-coming vote on a continuing resolution to fund the governm...
Sunday, February 3, 2013

Wily Democrats Ramped Up Spending Baseline Almost 18% In 2009

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The Tax Policy Center here provides a useful history in pdf format of federal outlays and revenues going back to 1940. After taking complet...
Thursday, January 24, 2013

Annual Percentage Increases To Federal Spending Since Fiscal 1999

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Fiscal Year / Percentage increase to outlays  over prior year 1999 /  3.0% 2000 /  5.1 2001 /  4.1 2002 /  7.9 2003 /  7.4 2004 /  6.2 2005 ...
Saturday, January 12, 2013

$11,480 Was Your Fair Share Of The Taxes For 2011. How Come You Didn't Pay It?

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For fiscal 2011, federal spending came to $3.6 trillion, and US population came to 313.85 million people. If we taxed everyone equally as th...

Quit Complaining: Here's How Social Security Taxes Have Increased Over The Years

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View the table here . You got a break for two years, now your rate goes back to what it was starting in 1990. Quit complaining.
Sunday, November 6, 2011

Annual Cost to the Taxpayers of Earned Income and Child Tax Credits is $109 Billion

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So admits the liberal Tax Policy Center, here : Each year the earned income tax credit (EITC) and the child tax credit (CTC) deliver more th...
Friday, August 26, 2011

The Biggest Tax Loss Expenditure Benefits the Rich: $150 Billion for Social Security

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In 2008, the AGI of the top 10 percent of earners was $3.9 trillion, represented in just 14 million tax returns, as reported here . Assuming...
Sunday, May 1, 2011

Government Revenues in 2008 were $2.5 Trillion

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Government revenues in 2008 came from the following taxes: Individual income taxes -- $1.14 trillion; ( IRS data is slightly different at $...