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How Much Is This Tax Cut Gonna Cost Me, Doc?
| october 8, 2012
| A. Barton Hinkle
Posted on 10/09/2012 5:04:49 PM PDT by lowbridge
You walk into a shoe store. The salesman runs up to you. Great news! he beams. Weve just slashed our prices 20 percent!
Yikes! you say. I cant afford a price cut like that! Im outta here.
No, no maybe you didnt hear me, the clerk says. Were cutting our prices 20 percent. Cutting, not raising.
I heard you just fine, you say. Im not paying an outrageous increase like that! And you storm out the door.
The preceding scenario makes no sense except in the bizarro world of government finance. For that is precisely how many people speak, when they speak of taxes.
Take The Washington Post, which tore into Paul Ryan the other day for dancing around a question about tax cuts.
Paul Ryan wants to tell you about the wonders of the 20 percent cut in tax rates that he and running mate Mitt Romney propose, the paper intoned. He doesnt want to tell you how much it will cost. The paper went on to praise Chris Wallace of Fox News for repeatedly asking Ryan this basic question and citing projections of a 10-year cost of $5 trillion.
(Excerpt) Read more at reason.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: obama; romney; taxes
posted on 10/09/2012 5:04:58 PM PDT
The 10 year cost will be 5 T.
The 10 year increase in revenue will be 55 T.
Math..... it's beyond the slave class.
posted on 10/09/2012 5:15:18 PM PDT
("Behold, I am against you, O arrogant one," Jeremiah 50:31)
Last paragraph in the article:
So perhaps Ryan should have said something like this: Tax cuts dont cost money they save money. Government spending is what costs money. If you think cutting taxes costs money, then you must think raising taxes saves money. By that logic, a 100 percent tax rate would mean Washington isnt spending anything at all. And that, my friend, is absurd.
posted on 10/09/2012 5:26:26 PM PDT
(I miss my dog Snoopy. May 16, 1997-September 24, 2012 -- 15 years, 4 months. Forever in my heart.)
When the president says the country is spending money on tax breaks, he speaks as if the dollar in your pocket got there not through your hard work but through his generosity.
Amen...Obama (and Democrats) think every American works for the benefit of the government and the government will decide how much to let us keep. He and liberals have to go...NOW!
posted on 10/09/2012 5:28:17 PM PDT
("Intellect is not wisdom" -- Thomas Sowell)
I hate it when liberals say junk like, “we can’t AFFORD a tax cut!”, or “How are we going to PAY for that tax cut?” They think all money belongs to the government, that the government can never have too much money.
posted on 10/09/2012 5:34:54 PM PDT
(The U.S. media are our enemy)
liberals laff at the laffer curve
posted on 10/09/2012 5:51:06 PM PDT
by HiTech RedNeck
(let me ABOs run loose, lew (or is that lou?))
Taxcuts increase revenue to govt. That’s how its paid for.
posted on 10/09/2012 6:11:01 PM PDT
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