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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)
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To: 09Patriot
“Other figures in an Associated Press analysis underscore the recession’s 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 you’re a New Yorker. Unless you’re a dimwitted, airheaded, liberty-despising New Yorker who gets interviewed by the AP and insists that you can’t wait to pay more taxes because we’re all in this together. No, you’re 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)
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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!)
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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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