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U.S. State Tax Revenue Drops Most Since 1963
The Market Oracle ^
| 10-17-2009
| Mike Shedlock
Posted on 10/18/2009 2:02:17 PM PDT by blam
click here to read article
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1
posted on
10/18/2009 2:02:17 PM PDT
by
blam
To: blam
Yeah, wait till record snows hit. No one will be able to afford to dig out.
2
posted on
10/18/2009 2:06:05 PM PDT
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: blam
Bloomberg is reporting State Revenue Falls Most Since 1963 on Incomes, SalesGOOD!!!! can't vote the vermin out of office, maybe we can starv'em out!
3
posted on
10/18/2009 2:06:36 PM PDT
by
MrPiper
To: blam
Interestingly the largest ever tax revenues collected by the IRS were in April 2008 with the Bush tax cuts. Reagan’s tax cuts also raised tax revenue.
4
posted on
10/18/2009 2:07:49 PM PDT
by
The Great RJ
("The problem with socialism is that you eventually run out of other people's money." M. Thatcher)
To: The Great RJ
Wow the awesome “new normal” economy from Baraq & Goolsbee.
To: blam
And so the Obama plan for America continues. Next step raise taxes by letting the Bush tax cuts expire, thus driving the economy even further downward and opening the door for our benevolent government to save us.
6
posted on
10/18/2009 2:10:17 PM PDT
by
1raider1
To: blam
Now we should continue to police the world and give everybody health insurance while keeping our boarders open........The spending is way out of control!
7
posted on
10/18/2009 2:10:57 PM PDT
by
Engineer_Soldier
(Rubio for Senate! Charlie Crist is another John McCain.)
To: blam
U.S. State Tax Revenue Drops Most Since 1963I bet state government spending didn't follow suit however.
8
posted on
10/18/2009 2:11:25 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: 1raider1
...
thus driving the economy even further downward and opening the door for our benevolent government to save us. Which is exactly what will happen by design!
9
posted on
10/18/2009 2:12:34 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: blam
Don’t worry. States will punish citizens by closing prisons and letting out dangerous criminals. That ought to get people to support hiking taxes, right?
10
posted on
10/18/2009 2:17:38 PM PDT
by
pnh102
(Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
To: blam
1963, when the Democrat in office was merely a philanderer who at least had the stones to stand up to Communists (Instead of appoint them to be czars).
Nikita, so far, was right.
Are we there yet?
11
posted on
10/18/2009 2:18:43 PM PDT
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: blam
Thus causing the gov of Mass. to warn that hack layoffs were coming. This prompted the local AFL-CIO mouthpiece to go on local talk radio to advocate for an increase in the state income tax.
12
posted on
10/18/2009 2:24:54 PM PDT
by
OpeEdMunkey
(Eat right...exercise...die anyway.)
For the 12 months to June 30, the fiscal year for most states, revenue declined 8.2 percent, or $63 billion, about twice what states got from the $787 billion U.S. economic stimulus package Cause and effect.
13
posted on
10/18/2009 2:40:09 PM PDT
by
vollmond
(I'm an issues voter. If you're a Democrat, I've got issues.)
To: blam
14
posted on
10/18/2009 2:44:29 PM PDT
by
IrishCatholic
(No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
To: pnh102
"Dont worry. States will punish citizens by closing prisons and letting out dangerous criminals. That ought to get people to support hiking taxes, right?" Yup. You haven't heard any whining yet...wait till government workers start getting laid off. I expect most voted for THE MESSIAH.
15
posted on
10/18/2009 2:46:05 PM PDT
by
blam
To: blam
Hooray. Let’s have a tea party and celebrate!
To: WashingtonSource
Good....let ‘em eat it.
“Budget by force” will be good for them....and fun to watch.
17
posted on
10/18/2009 2:50:15 PM PDT
by
qrstuv
To: Smokin' Joe
18
posted on
10/18/2009 2:50:30 PM PDT
by
blam
To: blam
They should try being the people who actually earn the money, instead of just being the ones who steal it at will.
Oh well, the good news is: When the dog dies, the ticks die too.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
19
posted on
10/18/2009 2:58:25 PM PDT
by
The Comedian
(Evil can only succeed if good men don't point at it and laugh.)
To: blam
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=14306
“The federal government’s promise to extricate the U.S. economy from this recession involves more spending (increasing public debt) and more subsidies for consumers, such as car rebates and home buying incentives (more private debt). In other words, more debt is supposed to solve the problem of over-indebtedness.
The truth is that this policy merely indentures its citizens further without providing any income for repayment of debt.
20
posted on
10/18/2009 3:08:15 PM PDT
by
Son House
(OcarterCare by Congress will make all Americans = Wards of the State)
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