tag:blogger.com,1999:blog-6616959642391988608.post8126840864137589782..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Taxes don't lieScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-6616959642391988608.post-61901560470826982422015-04-07T06:34:08.051-07:002015-04-07T06:34:08.051-07:00A flatter tax rate is actually a good idea. I love...A flatter tax rate is actually a good idea. I love how it will isolate the current tax system and generate better revenue for businesses, while allowing the market to globally compete more evenly. Of course, the downside is having a flatter tax rate will risk the government losing significant revenue, as what many believe. In any case, thanks for sharing such a great read, Scott! All the best to Wanda Hansonhttps://www.blogger.com/profile/13460295512777820542noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7383214668604031362014-08-16T03:26:55.425-07:002014-08-16T03:26:55.425-07:00@In the 12 months ended July '14, net federal ...@In the 12 months ended July '14, net federal revenues were $2.956 trillion.<br /><br />well its made up money.<br />according latest daily statement <br /><br />(https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=14081400.txt)<br /><br />august 14 2014 <br /><br />total taxes collected : 2,235,175<br />refunds : 300+ bln<br /><br />do you really think for rest of august and alxwesthttps://www.blogger.com/profile/08743255787075101420noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31401708288104184572014-08-16T03:06:46.264-07:002014-08-16T03:06:46.264-07:00@Scott Grannis
you would improve your argument
i...@Scott Grannis <br />you would improve your argument<br /><br />i dont need to. I know the numbers.<br />its my job.<br /><br />Monthly Statements are basically fake. they are counterfeited.<br /><br />let me explain.<br /><br />#1 monthly Statements includes money that FED kick back to treasury.. well its funny money.. where did the fed get 4 trln $, to buy treasuries and on to pay out those alxwesthttps://www.blogger.com/profile/08743255787075101420noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52848130281352686602014-08-15T21:09:05.347-07:002014-08-15T21:09:05.347-07:00alex: you would improve your argument if you refer...alex: you would improve your argument if you referred to the Final Monthly Statements of Treasury operations. And it would also help if you looked at data that are more current than Sept. '13. The numbers in my graph are correct. In the 12 months ended July '14, net federal revenues were $2.956 trillion.<br /><br />http://www.fms.treas.gov/mts/backissues.htmlScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52760043449871330792014-08-15T19:55:38.937-07:002014-08-15T19:55:38.937-07:00sorry pal,
but you numbers on federal revenues a...sorry pal, <br /><br />but you numbers on federal revenues are way off. <br /><br />I dont know where you got them, but no way feds gets ~3 trln $ in taxes.<br /><br />here's facts there is a report , called daily treassury statement, here last for 2013 fin year<br /><br />https://fms.treas.gov/fmsweb/viewDTSFiles?dir=a&fname=13093000.pdf<br /><br />at the bottom, you can see OVERALL alxwesthttps://www.blogger.com/profile/08743255787075101420noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78003803452558250842014-08-15T19:45:29.498-07:002014-08-15T19:45:29.498-07:00testtestalxwesthttps://www.blogger.com/profile/08743255787075101420noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-72718492348928012592014-08-14T14:32:21.775-07:002014-08-14T14:32:21.775-07:00Without a balanced budget (i.e., zero stimulus), a...Without a balanced budget (i.e., zero stimulus), any claims of recovery are false -- and make no mistake about it -- what we are witnessing today is a false recovery...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57194797748394536082014-08-13T13:33:09.013-07:002014-08-13T13:33:09.013-07:00j m: It's virtually certain that real revenues...j m: It's virtually certain that real revenues this FY will surpass those of FY 2007. We only need two more months of data to find out (August and September). Revenues on monthly basis have exceeded those of the prior year in almost every month for the past 5 years.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63065677537524670502014-08-13T12:04:14.469-07:002014-08-13T12:04:14.469-07:00Scott Grannis said:
"As of July 2014, and re...Scott Grannis said:<br /><br />"As of July 2014, and relative to their pre-recession peak of Dec. 2007, the 12-month sum of federal tax receipts is up about 13.7% in nominal terms. In real terms it is up 2.6%."<br /><br />The fact of the matter is that peak real revenues in fiscal 2007 haven't been bested in any year since then. You may be right that fiscal 2014 will finally get us CMBhttps://www.blogger.com/profile/17186488148600153170noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5577307823448319852014-08-13T10:43:00.299-07:002014-08-13T10:43:00.299-07:00mmanagedaccounts: Regardless of whether government...mmanagedaccounts: Regardless of whether government spending is financed by taxes or by borrowing, the net effect is for the government to take resources from the private sector. Transfer payments funded by debt sales take resources from the private sector and redistribute them according--in many cases--to the whims of politicians.<br /><br />I should think that Keynes' theories are quite Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56567266144717796372014-08-13T10:36:27.855-07:002014-08-13T10:36:27.855-07:00Re: the real growth of federal tax receipts. As of...Re: the real growth of federal tax receipts. As of July 2014, and relative to their pre-recession peak of Dec. 2007, the 12-month sum of federal tax receipts is up about 13.7% in nominal terms. In real terms it is up 2.6%. That is another way of saying this has been a miserably slow recovery. But it reaffirms my main point: the economy IS growing and IS expanding. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85029487850768618942014-08-13T06:52:10.349-07:002014-08-13T06:52:10.349-07:00Nice post. It is not PC to say it, but the most co...Nice post. It is not PC to say it, but the most corrosive federal spending is for national security. The huge and awful transfer programs largely leave money in the private sector. Defense spending confiscates resources to no economically productive purpose.<br />Eliminate the corporate income tax and cut defense spending in half.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14518393645150187632014-08-13T05:33:16.584-07:002014-08-13T05:33:16.584-07:00The Tax Policy Center figures tell a different sto...The Tax Policy Center figures tell a different story from yours.<br /><br />They show that federal receipts in 2009 dollars for the period 2009-2013 were down 7% from the five-year prior period 2004-2008 ($11.405 trillion vs. $12.269 trillion).<br /><br />To me that is consistent with declining real GDP, not modestly rising. World Bank figures for real GDP per capita show this to be the case. TheCMBhttps://www.blogger.com/profile/17186488148600153170noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80624136882437960882014-08-13T05:12:54.895-07:002014-08-13T05:12:54.895-07:00"How can taking money from those who are work..."How can taking money from those who are working and giving it to those who aren't create a bigger economic pie?"<br /><br />Scott, I do not fully understand your argument here. In order for the federal government to spend more now it does not have to take money from those who are working, it borrows it and takes later. <br /><br />I'm not an economist but I do believe in low mmanagedaccountshttps://www.blogger.com/profile/08188469703346980431noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4229975847936804172014-08-13T04:35:47.469-07:002014-08-13T04:35:47.469-07:00"As a supply sider, I don't see the logic..."As a supply sider, I don't see the logic behind the theory that more government spending is stimulative and less is restrictive"<br /><br />since when does LOGIC have anything to do with a liberal's argument? I cannot think of a single mental exercise more useless than attempting to argue with a liberal using sound logic. stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90764675613818938082014-08-12T23:04:03.636-07:002014-08-12T23:04:03.636-07:00The only meaningful measure is revenues relative t...The only meaningful measure is revenues relative to GDP. That automatically adjusts for inflation and the growth of the economy. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25391738273758138962014-08-12T22:27:24.078-07:002014-08-12T22:27:24.078-07:00I would really like to see what the federal revenu...I would really like to see what the federal revenue graph looks like in real dollars. Undeniably tax revenues rise but in real terms not nearly as much.Anonymoushttps://www.blogger.com/profile/02618744439096368788noreply@blogger.com