To: dynachrome
heard our GDP under by 1% this year and the tax revenues were 18% under. Mike church was all over it today. he said with GDP being only 1% under doesnt make the revenues 18% he said there alot people going JOhn Galt lol.
21 posted on
08/04/2009 3:30:40 PM PDT by
09Patriot
(I am a MILITANT Conservative, compassionate conservatism got us NOWHERE)
To: 09Patriot
Other figures in an Associated Press analysis underscore the recessions impact: Individual income tax receipts are down 22 percent from a year ago. Again, the lack or the decrease in GDP does not explain that. What does explain it is people doing what they can to avoid taxation. Unless youre a New Yorker. Unless youre a dimwitted, airheaded, liberty-despising New Yorker who gets interviewed by the AP and insists that you cant wait to pay more taxes because were all in this together. No, youre in it together. Corporate income taxes are down 57 percent, ladies and gentlemen. 57 percent. Do you know what that means? That means that corporations are making less profit. One of the reasons is, is because they have more regulations on their heads. They are making less profit because they are investing fewer amounts of capital. This could all have been predicted.
22 posted on
08/04/2009 3:33:04 PM PDT by
09Patriot
(I am a MILITANT Conservative, compassionate conservatism got us NOWHERE)
To: 09Patriot
Tax revenue down much more in kali-fornia I heard
23 posted on
08/04/2009 3:35:26 PM PDT by
dynachrome
(I am Jim Thompson!)
To: 09Patriot
alot people going JOhn Galt
^^^^^^^^^^^^^^^^^^^^^^^^^^^^
My husband and I did. We both retired early. We are doing all we can to legally reduce our tax burden, especially property taxes.
26 posted on
08/04/2009 3:44:56 PM PDT by
wintertime
(People are not stupid! Good ideas win!)
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