09-13-2018, 11:51 PM
|
 |
Administrator
|
|
Join Date: Oct 2007
Location: Philadelphia
Gender: 
Posts: 55,021
Thanks: 2,222
Thanked 35,224 Times in 20,221 Posts
|
|
Re: New GOP tax cuts would add $3.8 trillion to deficit, says report
*sigh*... 
ONCE AGAIN, increased longterm revenue is not factored in, making this a glaring lie of omission... 
The ADDITIONAL trillions into the economy will create a larger pool of income for the government as time goes by... 
From a previous post...
Quote:
Originally Posted by cnredd
Economics 101 says that the tax cuts will hit early, but once the markets start using those tax cuts to reinvest, the returns will be greater a year or two from now..
If you buy a dump truck in 2018 for $80,000, and that truck creates $50,000 worth of added revenue in 2018, you'll see a $30,000 loss off the bat...
...but that same truck creates $50,000 worth of added revenue in 2019, too...The truck is now paid off and you're $20,000 ahead...
...and then that same truck creates $50,000 worth of added revenue in 2020...Now you're the full $50,000 ahead...
$30,000 loss...$20,000 ahead...$50,000 ahead...
That's how it works... |
__________________
"You get the respect that you give" - cnredd
|