The Soapbox

Joined: 03/16/2005 Posts: 16386
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What's this?

A couple of years ago I saw an analysis done about two years after the cuts

It had the pre tax cut projections for corporate and personal income taxes and also things like payroll and excise taxes that were not affected by the tax cuts. The projections for the unaffected items were damned accurate, leading one to believe that the projections for corporate and personal taxes also would have been accurate. As you show, actual revenues came in well below projected. The shortfall was specifically from personal and corporate income taxes. It is well proven to anybody willing to look that we took in $800 or so billion less than we would have without the tax cuts. I don't know why that's so difficult for some people to accept.

(In response to this post by BocaHoo91)

Posted: 10/16/2021 at 05:55AM

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Current Thread:

@Hoodafan Somehow I missed the thread below on tax cuts and the deficit... -- BocaHoo91 10/15/2021 6:35PM

A couple of years ago I saw an analysis done about two years after the cuts -- 81_Hokie 10/16/2021 05:55AM

Did the 2017 tax cut—the Tax Cuts and Jobs Act—pay for itself? -- Hoo TV 10/16/2021 2:40PM

Uh oh... adjusted for inflation. Now you are really going to confuse them ** -- 81_Hokie 10/16/2021 3:35PM

No difficult. They don’t want to admit it and/ or are in denial ** -- WaxHoo 10/16/2021 10:01AM

Who gives a rip about projections -- TomKazanski 10/15/2021 9:17PM

LOL. You can't be a UVA graduate. ** -- Blah 10/16/2021 12:06PM

There are a lot of UVa grads that you may disagree with....and some who -- orangenblue 10/17/2021 12:09AM

Have you ever read Tommy? This is the same dumbass ... -- Blah 10/17/2021 02:08AM

As a moderate, I disagree with most on one issue or another including Tommy -- orangenblue 10/17/2021 10:39AM

I'm moderate. This is not about agreeing / disagreeing. This is ... -- Blah 10/17/2021 10:46AM

People who understand how budgeting works give a rip. -- BocaHoo91 10/15/2021 9:38PM

Only a “retard” would claim to be smart for using a projection -- TomKazanski 10/15/2021 10:41PM

Moron ** -- 111Balz 10/16/2021 07:42AM

Tommy doesn't worry about budgeting... his mother doesn't charge him rent -- 81_Hokie 10/16/2021 09:45AM

It's unbelievable and Tommy considers himself a "conservative." LOL.** -- Blah 10/16/2021 12:10PM

No ** -- WaxHoo 10/15/2021 9:24PM

Show your work ** -- HokieDan95 10/15/2021 9:36PM

Boca did. While 2021 revenue was higher by 36 -- WahooMatt05 10/15/2021 10:05PM

Not to mention the amount of stimulus relief money pumped into the economy -- 111Balz 10/16/2021 08:54AM

But revenue didn't actually go down, therefore the tax cuts didn't -- BocaHoo91 10/15/2021 10:08PM

Thanks. I'll try to look at that later when I have time. But again, my poin -- Hoodafan 10/15/2021 9:13PM

It’s flat out embarrassing to see you continuing to try to make that argume -- 111Balz 10/16/2021 08:00AM

It’s not a lie. If not for the tax cuts, revenues -- BocaHoo91 10/15/2021 9:37PM

I'll give this one more shot before the game and enjoying my weekend. Can -- Hoodafan 10/16/2021 09:54AM

What? Just.... what? -- 00 Hoo 10/16/2021 6:26PM

It’s fucking mind boggling. And this -- BocaHoo91 10/16/2021 6:34PM

Claims he was a business owner too. Perhaps the past tense is a tell. ** -- WahooRQ 10/18/2021 08:14AM

Some people consider admission of an error, or merely of a pov they hadn’t -- hoolstoptheheels 10/16/2021 1:09PM

^^^^Never done a variance analysis to plan. -- BocaHoo91 10/16/2021 11:34AM

I find stubborn politicos sometimes don’t apply the reason they use -- hoolstoptheheels 10/16/2021 1:18PM

It’s not that *we* don’t understand the idiotic nonpoint *you* keep trying -- WahooRQ 10/16/2021 10:06AM

It’s 100 to 2. And the 2 are hooda and -- BocaHoo91 10/16/2021 11:08AM

And translated to IQ points, that’s 15,000 to 2. -- WahooRQ 10/16/2021 12:02PM

The implicit assumption in all this is that the fed budget turns on a dime -- CMUHoo 10/15/2021 9:43PM

Great point as well ** -- 111Balz 10/16/2021 08:01AM

Good luck getting moron Trumpers like Hooduh and Klanny to understand that ** -- WahooRQ 10/16/2021 07:49AM

I agree with that, but I don't think that's necessarily Hooda's implicit -- BocaHoo91 10/15/2021 9:57PM

No tax cut adds to debt it’s only spending -- TomKazanski 10/15/2021 10:49PM

So if we cut taxes to $0. Not one penny in taxes collected, the deficit -- BocaHoo91 10/15/2021 11:01PM

Look at you learning -- TomKazanski 10/16/2021 12:05AM

But the fact that we cut taxes to zero played no -- BocaHoo91 10/16/2021 12:11AM

Not if the year before you had Less revenue ** -- TomKazanski 10/16/2021 10:55AM

You see, Boca, Klanny didn’t make enough money to pay taxes last year, but -- WahooRQ 10/16/2021 08:59AM

He doesn’t understand and he doesn’t want to understand. He just wants to h -- 111Balz 10/16/2021 08:19AM

Yes. Maybe he isn't actually assuming that. -- CMUHoo 10/15/2021 10:06PM

You’re giving him too much credit. His argument is basically A minus B -- 111Balz 10/16/2021 08:42AM

HooDuh would never, ever, lie by omission ** -- WaxHoo 10/15/2021 8:07PM

I, for one, don’t know who to believe. ** -- hokie in cville 10/15/2021 7:02PM