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Income Tax Revenues Collapsing in the States

 
No Dhimmi

User ID: 47032527
United States
05/24/2014 06:18 AM

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Income Tax Revenues Collapsing in the States
The bite in taxes is taking its toll and the socialists cannot get through their think head that the higher you raise tax rates, the lower the revenue you will collect. They refuse to look at reality and keep trying to squeeze blood from a stone. They are setting the stage for the worst economic decline ahead since the Great Depression. This time it is government that is the culprit – not corporations.

Personal income tax collections simply plunged for 2013 from a year earlier in 27 of 32 States reporting so far. That is the majority of the 43 states that levy income taxes to begin with. The collapse is ranging between 20% to as much as 50%.

[link to armstrongeconomics.com]
ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon)
Anonymous Coward
User ID: 48019275
United States
05/24/2014 06:24 AM
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Re: Income Tax Revenues Collapsing in the States
mega corporations shipping job overseas ain't helping Dim
Anonymous Coward
User ID: 50473212
United States
05/24/2014 06:28 AM
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Re: Income Tax Revenues Collapsing in the States
trouble ahead......
HYMIE AND THE SHEKELERS
User ID: 3922802
Ireland
05/24/2014 06:30 AM
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Re: Income Tax Revenues Collapsing in the States
5amoshpitfuckyeah5catfilenailstyrone1
Anonymous Coward
User ID: 55052592
United States
05/24/2014 06:35 AM
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Re: Income Tax Revenues Collapsing in the States
Public pensions are going to destroy the state and local governments.
No Dhimmi  (OP)

User ID: 47032527
United States
05/24/2014 06:52 AM

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Re: Income Tax Revenues Collapsing in the States
Thread: The collapse of Socialism (aka: Leftism) is unfolding before everyone’s eyes
ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon)
No Dhimmi  (OP)

User ID: 47032527
United States
05/24/2014 06:53 AM

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Re: Income Tax Revenues Collapsing in the States
Thread: Unions Out of Control – the Real Poison Pill
ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon)
Anonymous Coward
User ID: 58230688
United States
05/24/2014 06:55 AM
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Re: Income Tax Revenues Collapsing in the States
So which state will be the first to become insolvent and end up in receivership ?

I say three way tie currently tween california , illinois and new jersey
as in if it was a horse race would bet on all three to win and show
Jknoph

User ID: 2809869
United States
05/24/2014 06:57 AM
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Re: Income Tax Revenues Collapsing in the States
You didn't think all those bullets they bought are for practice did you?
Anonymous Coward
User ID: 58230688
United States
05/24/2014 06:59 AM
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Re: Income Tax Revenues Collapsing in the States
Public pensions are going to destroy the state and local governments.
 Quoting: P. Henry


Greenspan to the rescue , greenspan to the rescue

" We can send out checks in any amount for as long as you like" What we can not do is gurantee purchasing power"

Big hint when my aunt retired her monthly pension check from the state bought 1000 gallons of gas. Even with cola 17 years on it will only buy 280 gallons of gas.
No Dhimmi  (OP)

User ID: 47032527
United States
05/24/2014 07:02 AM

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Re: Income Tax Revenues Collapsing in the States
So which state will be the first to become insolvent and end up in receivership ?

I say three way tie currently tween california , illinois and new jersey
as in if it was a horse race would bet on all three to win and show
 Quoting: Anonymous Coward 58230688


Those all are likely - good choices
ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon)
HYMIE AND THE SHEKELERS
User ID: 3922802
Ireland
05/24/2014 07:05 AM
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Re: Income Tax Revenues Collapsing in the States
Public pensions are going to destroy the state and local governments.
 Quoting: P. Henry


Greenspan to the rescue , greenspan to the rescue

" We can send out checks in any amount for as long as you like" What we can not do is gurantee purchasing power"

Big hint when my aunt retired her monthly pension check from the state bought 1000 gallons of gas. Even with cola 17 years on it will only buy 280 gallons of gas.
 Quoting: Anonymous Coward 58230688


BIG SCHNOZZZZZZ JUUUUUUUS BE JUUUUUUUING!!!!tyrone1
indiandave

User ID: 41939246
United States
05/24/2014 07:08 AM
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Re: Income Tax Revenues Collapsing in the States
RIP middle class. It was nice knowing you.
Anonymous Coward
User ID: 57443824
United States
05/24/2014 07:12 AM
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Re: Income Tax Revenues Collapsing in the States
mega corporations shipping job overseas ain't helping Dim
 Quoting: Anonymous Coward 48019275


Then lower their cost of doing business domestically, dipshit.
Dirtyboy

User ID: 58420558
United States
05/24/2014 08:00 AM
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Re: Income Tax Revenues Collapsing in the States
Both parties at all levels have indulged and embraced deficit spending borrowing from the future believing as the population increases revenue will increase. Now that there is a glut in the workers available the revenue doesn't keep pace with spending. At the federal level still money flows out of the country to support regimes that help support corporate investments. The drug war failed at all levels which further erodes revenue as much money that could be used to economic advantage disappears into the pockets of foreigners not concerned with the welfare of the US. The infrastructure has been allowed to deteriorate meaning more critical spending when revenue needed to fund such projects has been disappearing.

There are lots of pension abuses at the level of state, counties and cities. Many politicians got a lot of workers to opt out of social security to support lucrative pensions not supported by pension funds but from current budgets.

The solution has been either to borrow money to hide the fact a government is outspending itself or to come up with creative hidden taxes most don't know they are paying. We, the consumer and workers are taxed beyond belief. What we really don't see is that the consumer pays all the taxes businesses have to pay. Most of us only see a sales tax and income tax. Everything is taxed.
Dirtyboy
Think beyond impossible.
Anonymous Coward
User ID: 58230688
United States
05/24/2014 08:05 AM
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Re: Income Tax Revenues Collapsing in the States
RIP middle class. It was nice knowing you.
 Quoting: indiandave


Dependent on zip code , all jobs that pay 2 to 4 times the median wage.
Out of 25 million jobs , 17 million of them are local , state or goverment employees.
In other words the droners who got laughed at 25 years ago for taking jobs with da guvmint , are all still there fat dumb and seat farting collecting those bi weekly checks.
Anonymous Coward
User ID: 58230688
United States
05/24/2014 08:07 AM
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Re: Income Tax Revenues Collapsing in the States
You guys in the USA are SCREWED !!!!!

GAME OVER assholes !!!

cruisecruisecruisecruise
 Quoting: Anonymous Coward 58343170


You are coming right down the toilet with us )
Anonymous Coward
User ID: 10913664
United States
05/24/2014 08:08 AM
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Re: Income Tax Revenues Collapsing in the States
trouble ahead......
 Quoting: Anonymous Coward 50473212


Ya think??????

alone
Anonymous Coward
User ID: 58418129
Belgium
05/24/2014 08:09 AM
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Re: Income Tax Revenues Collapsing in the States
dont worry all Belgium will buy all your bonds!!!
Anonymous Coward
User ID: 19004483
United States
05/24/2014 08:11 AM
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Re: Income Tax Revenues Collapsing in the States
The largest welfare class is loosing their piggy. The welfare "state" will have no more to steal from people due to their system failing apart and in shambles because of their poor administration of the government.
Anonymous Coward
User ID: 28285524
United States
05/24/2014 08:11 AM
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Re: Income Tax Revenues Collapsing in the States
mega corporations shipping job overseas ain't helping Dim
 Quoting: Anonymous Coward 48019275


Then lower their cost of doing business domestically, dipshit.
 Quoting: Anonymous Coward 57443824
clappa

progressives gotta' blameBIG CORPORATIONS somewhere...
Anonymous Coward
User ID: 58343170
Australia
05/24/2014 08:16 AM
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Re: Income Tax Revenues Collapsing in the States
You guys in the USA are SCREWED !!!!!

GAME OVER assholes !!!

cruisecruisecruisecruise
 Quoting: Anonymous Coward 58343170


You are coming right down the toilet with us )
 Quoting: Anonymous Coward 58230688



DOH tyrone1

Yes because your screwed up dollar is the worlds reserve currency you guys really did a good job fuc#ing the lot of us !
Anonymous Coward
User ID: 40778334
United States
05/24/2014 08:18 AM
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Re: Income Tax Revenues Collapsing in the States
The county I live in raises taxes on anything they can think of, year after years we hear budget shortfalls.

So instead of trying to cut back, limit the hiring of new county employees, cut down on the waste of government vehicles. Stopping all theft of overtime, in most cases to increase their pensions by up to 100%.

Retire from one county position and start working at a new department within the county, thus receiving a second county pension.

Why, the county stated (last year) that 77% of income just covers past and present county employees. Now a business would be bankrupt in a year if this were the case.

What should be done, raise all government employee retirement ages to 62, this is the same age that one can start receiving SS. And just like SS, if they wait to start drawing, then increase it 3% a year. This retiring in your 40's needs to be stopped, period.

Second, their pension will be bases on a current work week wages, no more OT will be allowed when calculating the pension. Hell if they don't like it, then give them all the same 401K.

Stop all government vehicles from going home with any government employee, excluding police. Cut the state vehicle fleet by 30%, why should they be allowed to drive on the taxpayers dime.

Give them the option of paying 10% of gross wages for medical, or this so called government insurance. I don't care if they make 30k a year or 200k a year, a flat 10%.

Next any employee wages or salary that exceeds 100k a year will have wages frozen, period.

Next any government employee that owes back taxes, will be given the option of paying back all back taxes within 60 days, or you will lose your job. Speaking of this, any employee caught stealing will be terminated and will forfeit all pension either current or future.

Remove all government credit cards for all government employees. If they need one, they will sign out for it and they will return it once the transaction has been completed (24 hours max), along the card the receipt or receipts will also be turned in at that time. That employee will be given a copy of the receipt(s) with the initials of the individual that used the card as well as the one that accepted the returned card. This way everyone is accountable. Now if frivolous charges are made on the government card, that employee will be terminated and forfeit their pension.

So much can be done to lower the tax rates, but why should they, well since it will have a direct effect on them, why would they stop the money train that feeds them as well.

Every morning I see a regular car parked in a shopping center long before any of the business open. Never really thought about it, but stopping in at the grocery store I drove by that car, it has a state license plate. So whomever drives it during the week, parks their own car and takes the state car.

Seems to me they are trying to cover this, how the hell is this even possible. Makes one wonder how many other cases like this takes place within the state.
Anonymous Coward
User ID: 58421816
United States
05/24/2014 08:18 AM
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Re: Income Tax Revenues Collapsing in the States
So which state will be the first to become insolvent and end up in receivership ?

I say three way tie currently tween california , illinois and new jersey
as in if it was a horse race would bet on all three to win and show
 Quoting: Anonymous Coward 58230688

I sure hope it is California. I hate those bastards out there.


.
Anonymous Coward
User ID: 58230688
United States
05/24/2014 08:29 AM
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Re: Income Tax Revenues Collapsing in the States
You guys in the USA are SCREWED !!!!!

GAME OVER assholes !!!

cruisecruisecruisecruise
 Quoting: Anonymous Coward 58343170


You are coming right down the toilet with us )
 Quoting: Anonymous Coward 58230688



DOH tyrone1

Yes because your screwed up dollar is the worlds reserve currency you guys really did a good job fuc#ing the lot of us !
 Quoting: Anonymous Coward 58343170


Jay weidner
ior bock
michael tsarion

Get yourself some starting clues as to whose boots you are licking the dogshit off of.

gods of eden
edward bernays
vatican assasins

then get yourself some more starting clues as to why you say this shit tastes so fucking awesome , i love eating shit , can i have some more shit in my mouth please , master

see you in a decade after you learn some basic knowledge about how things really work , drippy
No Dhimmi  (OP)

User ID: 15737193
United States
05/24/2014 09:48 AM

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Re: Income Tax Revenues Collapsing in the States
The dollar as the reserve currency is actually keeping our standard of living higher than it would be. This will not last, but the US will be the last to collapse. And this collapse will not be a good thing for anyone's country.
ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon)
Anonymous Coward
User ID: 58423088
United States
05/24/2014 09:54 AM
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Re: Income Tax Revenues Collapsing in the States
The bite in taxes is taking its toll and the socialists cannot get through their think head that the higher you raise tax rates, the lower the revenue you will collect. They refuse to look at reality and keep trying to squeeze blood from a stone. They are setting the stage for the worst economic decline ahead since the Great Depression. This time it is government that is the culprit – not corporations.

Personal income tax collections simply plunged for 2013 from a year earlier in 27 of 32 States reporting so far. That is the majority of the 43 states that levy income taxes to begin with. The collapse is ranging between 20% to as much as 50%.

[link to armstrongeconomics.com]
 Quoting: No Dhimmi


Here's the thing you have to understand No Dhimmi, tax rates aren't about "tax revenue."

Tax rates are about getting political campaign donors to contribute in an effort to enacting a loophole in the tax law that gives them a pass from having to pay the tax.

They pass some big-ass tax increase. Corps see it coming and get their tax lawyers to draft an amendment to the law that excludes them from having to pay it. They send their tax lawyer to the lobbyist with a sizable campaign contribution from a third party. Voila, magic. Everybody wins. Well, everybody except THE PEOPLE WHO GET STUCK PAYING THE BURDEN.
Anonymous Coward
User ID: 50148075
United States
05/24/2014 10:03 AM
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Re: Income Tax Revenues Collapsing in the States
You didn't think all those bullets they bought are for practice did you?
 Quoting: Jknoph


If they shoot like they run the Govt im gonna collect a lot of war trophies
Anonymous Coward
User ID: 56144605
United States
05/24/2014 10:05 AM
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Re: Income Tax Revenues Collapsing in the States
you dont' pay taxes when you are unemployed
Anonymous Coward
User ID: 37389491
United States
05/24/2014 10:18 AM
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Re: Income Tax Revenues Collapsing in the States
mega corporations shipping job overseas ain't helping Dim
 Quoting: Anonymous Coward 48019275


Then lower their cost of doing business domestically, dipshit.
 Quoting: Anonymous Coward 57443824


While that is true as far as taxation goes, wage competetion has been the so called problem from a ceo or boards perspective. Profit drives these decisions to take manufacturing offshore, but as they world becomes increasingly volatile, not only from political crises, but natural ones, youll begin to see more corps coming back home.
Anonymous Coward
User ID: 58425331
India
05/24/2014 10:39 AM
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Re: Income Tax Revenues Collapsing in the States
The bite in taxes is taking its toll and the socialists cannot get through their think head that the higher you raise tax rates, the lower the revenue you will collect. They refuse to look at reality and keep trying to squeeze blood from a stone. They are setting the stage for the worst economic decline ahead since the Great Depression. This time it is government that is the culprit – not corporations.

Personal income tax collections simply plunged for 2013 from a year earlier in 27 of 32 States reporting so far. That is the majority of the 43 states that levy income taxes to begin with. The collapse is ranging between 20% to as much as 50%.

[link to armstrongeconomics.com]
 Quoting: No Dhimmi


income taxes do not matter as feds can print trillions and can hand over to federal,state,local govt..plus contractors and bureaucrats get their fair share of loot and they rarely pay income tax

income tax is not even necessary ...





GLP