Tax Savings by Income

originally posted by: links234
a reply to: ketsuko

You should look at it as a rate rather than the pure number, $100 to someone who makes $10,000/year isn't the same as $100 to someone who makes $100,000/year. Over and over we see that when you make poor people pay more money in taxes the economy slows because they have less to spend on goods and services. When you make rich people pay less we see the economy slow because they don't spend more on goods and services, they reinvest it in themselves (more in savings/investments). When the economy slows people lose jobs, when people lose jobs the economy slows more.

It's like this dumb argument that rich people already pay more in taxes than everyone else...well...duh, they make all the money. You can slash their tax rate in half and they'll still pay a higher dollar amount then everyone else because they make so...much...more money.

Eight people own more wealth than 50% of the entire world right now. America hasn't seen wealth disparity this sharp since before the Great Depression. So yeah....support the tax bill now but try not to jump off a building in the next decade.

originally posted by: ketsuko
a reply to: FyreByrd

So if people who basically aren't paying something end up paying something, why is that a bad thing?

How is this even an argument?

There are plenty of people in the PLUS column who pay taxes.

So what I wonder is the track record of this government agency any better than any other government agency. I looked at their website and couldn’t find anything about their track record.

The Congressional Budget Office has an absolutely abysmal record of predictions.

Hard to get to excited about this.

No such thing as tax cuts.

Never has been, never will be.

Taxes only move in one direction. Up.

What these criminals call "tax cuts" is just simply the reshuffling of the revenues elsewhere as camouflage to give the illusion of lowering taxes, to temporarily appease the plebs.

At the end of the day, taxpayers are no further ahead.

They do not end up with more money in their pockets by the time all is said and done.

It's never ever happened in the entire history of our countries.



And yet, people still continue to believe in Santa Claus.

Why ?!

a reply to: whywhynot

Here's what they put out in 2017 in regards to their 'track record':

CBO’s Economic Forecasting Record: 2017 Update

CBO’s two-year forecasts of output growth and inflation have been less biased than its two-year forecasts of interest rates and the growth of wages and salaries, which exhibit a sizable upward bias—that is, they have tended to be higher than actual values by a larger amount.

They're not dead-on with their predictions but they're also not wildly off the mark either.