JUST SOME POSTS

I have written a few posts throughout the history of this blog about taxes. With all the talk (and hyperbole) about the "Republican tax plan" working its way through Congress now, I felt compelled to do another. I do recommend and ask that if you care about this subject that you go back a few posts and read a series of three posts where I investigated and reported on tax cuts and their effect on tax revenues. There are three posts. The first is: http://justsomeposts.blogspot.com/2017/06/death-and-taxes-ok-just-taxes.html  Then the next two follow consecutively. Since I know most of you probably will not - the quick and dirty bottom-line is every time that tax cuts have been instituted they have paid for themselves. I even included a spreadsheet with the data if you care to review it yourself. If you have read many of these posts you know I have some "lessons" and truths that I am trying to get across to the readers. The idiotic games being played in Washington (...

This is part 2 of the taxes and economy. If you have not read Part one (the post immediately prior to this one) you may want to. It can be read either before or after reading this one) To quickly catch you up in case you have not read the other, I was commenting on the issue of people posting so vehemently and positively about cutting taxes and the effect that has on the tax revenues. What amazed me is that the belief runs BOTH ways! It would seem to me that this is nothing more than a math problem. Now, although I hated math in school, I have always loved it for research and problem solving. Because, Open Core and Modern Math be damned, 2 + 2 should ALWAYS = 4! The same is true for complex problems. If you can distill it down to math, the answer is indisputable. In the spirit of disclosure I did go into this with the hypothesis that cutting federal income taxes would increase tax revenues when given enough time for those with increased after-tax incomes to do something with it...

I have been working on this one for a LONG time. I have studied and analyzed for hours. It is time to get something in print! I know my detractors think I just spout off figures and find facts to support my thoughts and ideas. Wrong lizard breath! I actually do research on every post I do here (or in my life) that involves facts and figures to be found. I come to my opinions AFTER research. Sure, I go in with ideas and sometimes even hopes of what I will find. However, I have sometimes found that my ideas are not supported. Rather than scream and cry or stick my head in the sand I change my opinion or ideas. Such is life. This post is one concerning one of those "facts" that gets thrown out every so often - that cutting taxes raises (or lowers) government revenues. It amazes me that people have such steadfast and positive thoughts and opinions on this one. Most either believe it is a definite raising of revenue or a definite cutting of revenue. I can tell you after hours, a...