Trickle-Down Economics

[AUTaxMan]

Sorry, it's not letting me copy and paste my table. If you go to www.bls.gov, you can find it. Stupid government websites!

Can you just post the numbers? I don't have time to find it on the website.

[pghin08]

Trickle down economics clearly does not work. Why give tax breaks to the wealthy who clearly do not need them instead of giving them to the poor who clearly does? What regan and bush did with trickle down was a case of reverse robin hood. Robbing the poor to give to the rich. SMH.

I'm not in favor of tax breaks for the poor. I'm in favor of one flat income tax. No deductions, no loopholes. You get all of your income (investments and all) taxed at one set rate across all income demographics.

[pghin08]

Can you just post the numbers? I don't have time to find it on the website.

Hope this is legible.


Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

1980 6.3 6.3 6.3 6.9 7.5 7.6 7.8 7.7 7.5 7.5 7.5 7.2
1981 7.5 7.4 7.4 7.2 7.5 7.5 7.2 7.4 7.6 7.9 8.3 8.5
1982 8.6 8.9 9.0 9.3 9.4 9.6 9.8 9.8 10.1 10.4 10.8 10.8
1983 10.4 10.4 10.3 10.2 10.1 10.1 9.4 9.5 9.2 8.8 8.5 8.3
1984 8.0 7.8 7.8 7.7 7.4 7.2 7.5 7.5 7.3 7.4 7.2 7.3
1985 7.3 7.2 7.2 7.3 7.2 7.4 7.4 7.1 7.1 7.1 7.0 7.0
1986 6.7 7.2 7.2 7.1 7.2 7.2 7.0 6.9 7.0 7.0 6.9 6.6
1987 6.6 6.6 6.6 6.3 6.3 6.2 6.1 6.0 5.9 6.0 5.8 5.7
1988 5.7 5.7 5.7 5.4 5.6 5.4 5.4 5.6 5.4 5.4 5.3 5.3
1989 5.4 5.2 5.0 5.2 5.2 5.3 5.2 5.2 5.3 5.3 5.4 5.4
1990 5.4 5.3 5.2 5.4 5.4 5.2 5.5 5.7 5.9 5.9 6.2 6.3
1991 6.4 6.6 6.8 6.7 6.9 6.9 6.8 6.9 6.9 7.0 7.0 7.3
1992 7.3 7.4 7.4 7.4 7.6 7.8 7.7 7.6 7.6 7.3 7.4 7.4
1993 7.3 7.1 7.0 7.1 7.1 7.0 6.9 6.8 6.7 6.8 6.6 6.5
1994 6.6 6.6 6.5 6.4 6.1 6.1 6.1 6.0 5.9 5.8 5.6 5.5
1995 5.6 5.4 5.4 5.8 5.6 5.6 5.7 5.7 5.6 5.5 5.6 5.6
1996 5.6 5.5 5.5 5.6 5.6 5.3 5.5 5.1 5.2 5.2 5.4 5.4
1997 5.3 5.2 5.2 5.1 4.9 5.0 4.9 4.8 4.9 4.7 4.6 4.7
1998 4.6 4.6 4.7 4.3 4.4 4.5 4.5 4.5 4.6 4.5 4.4 4.4
1999 4.3 4.4 4.2 4.3 4.2 4.3 4.3 4.2 4.2 4.1 4.1 4.0
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.8 5.1 4.9 5.4 5.6 5.8 6.1 6.2 6.6 6.8 7.3
2009 7.8 8.2 8.6 8.9 9.4 9.5 9.5 9.7 9.8 10.1 9.9 9.9
2010 9.7 9.7 9.7 9.8 9.6 9.5 9.5 9.6 9.6 9.7 9.8 9.4
2011 9.0 8.9 8.8 9.0 9.1 9.2 9.1 9.1 9.1

[AUTaxMan]

thanks

[pghin08]

thanks

No trouble, this would look so much better in excel.

[mrveggieman]

I'm not in favor of tax breaks for the poor. I'm in favor of one flat income tax. No deductions, no loopholes. You get all of your income (investments and all) taxed at one set rate across all income demographics.

Church!!

[sanfran22]

Church!!

You realize that with his plan the poor would probably pay more?? Goes against your last statement. So now you'll say the gov't is robbing the poor?

[mrveggieman]

You realize that with his plan the poor would probably pay more?? Goes against your last statement. So now you'll say the gov't is robbing the poor?

The gov't robbs the poor every day. Tell me something that I don't already know.

[sanfran22]

The gov't robbs the poor every day. Tell me something that I don't already know.

So let me get this straight. You don't support anything that anyone rich would remotely benefit from, but if it's the gov't doing it, it's ok?

[duane1969]

Trickle down economics clearly does not work. Why give tax breaks to the wealthy who clearly do not need them instead of giving them to the poor who clearly does? What regan and bush did with trickle down was a case of reverse robin hood. Robbing the poor to give to the rich. SMH.

Give tax breaks to people who don't pay taxes? Yup, that is a sure-fire way to fix the economy. People who are taking out of the system but have never put anything in are the whole reason the system is broken.

Trickle-up economics doesn't work either. A $500 tax gift* to the poor will last one trip to the mall and WalMart. People who are struggling to make ends meet do not save or invest. Any Federal tax gift will be spent within days and serve zero purpose and guess who will have the money then...

*it isn't a cut or a rebate when they don't pay anything into the tax system. You can't get a rebate or a cut on zero dollars.