The chart that shows how grossly unfair US Tax System become

Looks like the shift started in the 70s (don't blame Bush).

Also looks like a demographic issue, rather than a tax policy issue.

Between 1980 and 2018(est) - corporate tax revenues grew by 7 times (15 percent per year - on average - not annualized). 15 percent growth per year is a hell of a lot, if you ask me.

Individual tax revenue grew by 8 times (which is why the table shifted). However, population grew by 40 percent . Adjusting for population, you get a growth rate of 13 percent per year (again - not annualized).

My fundamental objection is that government spending has grown at unsustainable pace (correction - taxes --- spending grew even faster than taxes). Doesn't matter if it's 13 or 15 percent

---

I think we've got a problem.

Some trivia - according to NYSE, the number of domestic stocks listed on the exchange is the same as it was in 1994.
Population grew from 260 million to about 315 million (21 percent growth for population - no growth for corporations).

Good point. Debt and spending are increasing way too fast, and this isn't only the US, but most of the developed world. Right now the US goverment is financing at 1%. What happens when it costs 5 or 10%, like Greece and Italy? And who will finance it?

It's the usual vacuous "point" by the usual vacuous defenders of "austerity"... Austerity is what is KILLING Greece and Italy... The U.S. is not there yet, but the Randroids & Paul Ryans, Koch Brothers, Grover Norquist, Club for Growth and the usual gang would love to see it...

Capitalist Austerity Destroying Ancient Cultural Heritages
by Michael Truscello / April 13th, 2012

News from Italy and Greece in recent weeks illustrates the expanding toll of capitalist “austerity” measures on cultural heritage sites. Not only has the austerity agenda continued to feed enormous wealth into the hands of the wealthy while workers are crushed under the weight of new taxes, slashed wages, fewer rights, and disappearing social services, austerity is also contributing to the decay and disappearance of the remnants of ancient cultures.

Austerity is not only killing the future, it is also killing the past. A new law passed as part of the austerity measures requires the Greek Ministry of Culture to cut 30 to 50 per cent of its personnel.

And that's just one function of the "let the poor suffer" crowd.

Here are a few more for "source-free", "fact-free" Fred:


Austerity: Still Not Working

Euro Zone Crisis: Austerity Fails as Spain, Italy and Greece Millennials Are Still Jobless and Angry

Austerity and the Political Fallout

Austerity 'destroying social fabric' of Europe

How to impose austerity and destroy culture: the example of the Mediterranean

Failed austerity will lead to a smaller euro zone

While Republicans Warn Against ‘Greece,’ That Is Exactly Where Austerity Budgeting Will Lead U.S.

Once again cover only half the story? Greece is having to go to austerity now because it overspent in the decades before. If they had spent within their taxing ability, they wouldn't be in this trouble.

And if a frog had wings it wouldn't bump its arse when it jumped.


Besides, Fred, you've already justified my contempt for the TeaHadists... I don't think you have anything new to add to the discussion....

Have a day....

LadyJazzer wrote: And if a frog had wings it wouldn't bump its arse when it jumped.


Besides, Fred, you've already justified my contempt for the TeaHadists... I don't think you have anything new to add to the discussion....

Have a day....

And what does that have to do with countries spending themselves into bankruptcy by promising social benefits they can't afford?

Like a record number of Americans on foodstamps and disability and less adults working than anytime since Jimmy Carter's era. Who is going to pay for it?

LadyJazzer wrote: It's the usual vacuous "point" by the usual vacuous defenders of "austerity"... Austerity is what is KILLING Greece and Italy... The U.S. is not there yet, but the Randroids & Paul Ryans, Koch Brothers, Grover Norquist, Club for Growth and the usual gang would love to see it...

Capitalist Austerity Destroying Ancient Cultural Heritages
by Michael Truscello / April 13th, 2012

News from Italy and Greece in recent weeks illustrates the expanding toll of capitalist “austerity” measures on cultural heritage sites. Not only has the austerity agenda continued to feed enormous wealth into the hands of the wealthy while workers are crushed under the weight of new taxes, slashed wages, fewer rights, and disappearing social services, austerity is also contributing to the decay and disappearance of the remnants of ancient cultures.

Austerity is not only killing the future, it is also killing the past. A new law passed as part of the austerity measures requires the Greek Ministry of Culture to cut 30 to 50 per cent of its personnel.

And that's just one function of the "let the poor suffer" crowd.

Here are a few more for "source-free", "fact-free" Fred:


Austerity: Still Not Working

Euro Zone Crisis: Austerity Fails as Spain, Italy and Greece Millennials Are Still Jobless and Angry

Austerity and the Political Fallout

Austerity 'destroying social fabric' of Europe

How to impose austerity and destroy culture: the example of the Mediterranean

Failed austerity will lead to a smaller euro zone

While Republicans Warn Against ‘Greece,’ That Is Exactly Where Austerity Budgeting Will Lead U.S.

Maybe one of LJ's flying monkeys can tell her why Greece and Italy are in the situation they are in (not from austerity)

LadyJazzer wrote:

The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become

http://i.huffpost.com/gen/1152351/thumbs/o-FEDERAL-REVENUE-570.jpg?3

Notice the beige stripe that is shrinking steadily? That stripe is the percentage corporate taxes contribute to total federal revenue. And notice the olive-green stripe that has swollen to be larger than the beige stripe used to be? That is the contribution of payroll taxes to federal revenue.

http://www.businessinsider.com/two-char ... ore-2013-5

Forgive me while I go in search of some tissue to wipe my eyes over just how unjust "corporate taxes" have become... (Maybe that's why they are so interested in Apple these days...)

But, but, but - payroll taxes are for one purpose and one purpose only, right? To fund Social Security and Medicare, right? Are you proposing that income taxes from the general treasury be used to pay for Social Security and Medicare now that their costs have spiraled out of control and added literally tens of trillions of dollars worth of unfunded liabilities that future taxpayers are going to have to pony up unless something is done to make these programs solvent?

And finally, wouldn't your advocacy of removing the cap on income subject to those withholding taxes make that olive green stripe even larger than it is at the moment? How can you on the one hand say that payroll taxes should be increased and on the other hand turn around and say that payroll taxes are a disproportionate percentage of the current revenue? Oh that's right, consistency of argument isn't necessary for "progressives". How silly of me to expect a rational and reasoned argument from the collectivists among us.

LadyJazzer wrote: I have... And the more I see of what the TeaHadists stand for, the more I like my dog.

And don't let FACTS get in the way of your GOTP talking-points: Shocking Number Of Bridges Worse Than The One That Collapsed

And since you brought up the deflection above... let's look at that bridge....

MOUNT VERNON, WASH. A truck hauling an oversized load of drilling equipment hit an overhead bridge girder on the major route between Seattle and Canada, sending a section of the interstate into the river below as the driver watched the structure collapse in his rearview mirror.

"We're still trying to figure out why it hit the bridge," he said. "It's ultimately up to the trucking company to figure out whether it can get through. It's their responsibility to make sure the load they have can travel on that route."

http://www.cbsnews.com/8301-201_162-575 ... r-trailer/

And about that particular bridge...

A Federal Highway Administration database does list the Washington bridge as being "functionally obsolete," meaning its design is outdated. However, it was not "structurally deficient," and and officials have blamed its collapse on an oversized load on a truck. In fact, the bridge was inspected twice last year and underwent repairs.

http://www.cbsnews.com/8301-250_162-575 ... sequester/

So you're going to have to take all your feigned outrage about THIS BRIDGE somewhere else. Once again the left is trying to make political points over what could have been a larger tragedy and lying on top of it.

Are you making the car for stricter government regulations on the trucking industry? Do you think the trucking company should pay for the repairs to or replacement of this bridge?