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fifthbusiness
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« on: March 08, 2010, 01:36:45 PM » |
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Another winner from ZeroHedge... The Center on Budget and Policy Priorities has released a report "State Tax Changes in Response to the Recession" in which the center notes that "national recession has had such a devastating effect on state finances that states took in $87 billion less in tax revenue from October 2008 through September 2009 than they collected in the previous 12 months. This 11 percent decline, the steepest on record, resulted from the impact on tax collections of lost jobs, reduced wages, and lowered economic activity." http://www.zerohedge.com/article/state-tax-revenues-plummet-87-billion-biggest-year-over-year-decline-history-record-state-ta  I'm curious how this can be papered over to allow the 'game' to continue... |
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"Nobody panics when things go according to plan. Even if the plan is horrifying." -- The Joker
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NerosNuts
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« Reply #1 on: March 08, 2010, 02:14:35 PM » |
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Print more money!?  |
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"You can't always get what you want. But if you try sometimes, well you might find, you'll get what you need."
Listen & understand! The terminator is out there, it can't be bargained with or reasoned with, doesn't feel pity, or remorse, or fear. And it absolutely will not stop until you are dead!
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Domscott66
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« Reply #2 on: March 08, 2010, 02:20:41 PM » |
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States dont print money.....yet
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Jacob.Creutzfeldt
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« Reply #3 on: March 08, 2010, 02:29:02 PM » |
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Shouldn't it read: "State Tax Revenues Unexpectedly Plummet By $87 Billion..."?
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Buy stuff you don't need, with money you don't have, to try to impress people you don't know.
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Bill Hicks
Forum Supporter I
Hero Member
Posts: 8048
Dude, I think God put YOU here to test MY faith
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« Reply #4 on: March 08, 2010, 02:32:03 PM » |
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This 11 percent decline, the steepest on recordThere is your true indicator of the state of the economy. Certainly not the BS GDP numbers. 
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We knocked on the doors of Hell's darkest chamber
Pushed to the limits, we dragged ourselves in
Joy Division
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picasso moon
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« Reply #5 on: March 08, 2010, 02:37:39 PM » |
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States dont print money.....yet
Then let the Fed print the money  |
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Vow to vanquish the venal and virulent vermin vanguarding vice and vouchsafing
the violently vicious and voracious violation of volition! (V For Vendetta)
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Armageddon
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« Reply #6 on: March 08, 2010, 03:30:05 PM » |
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This 11 percent decline, the steepest on recordThere is your true indicator of the state of the economy. Certainly not the BS GDP numbers. Imagine what it would look like without the trillions of government stimulus ? |
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Rival
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« Reply #7 on: March 08, 2010, 03:38:20 PM » |
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We should just do away with the hypocracy. Just eliminate all taxes. They really are meaningless anyway. Just let the governments roll the printing presses to pay for whatever they want.
It is what they are already doing to a limited degree.
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Domscott66
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« Reply #8 on: March 08, 2010, 04:02:44 PM » |
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Taxes are a means of control and letting people pretend that they have an influence on what happens. It gives people a false sense that the rich are being punished with taxes so their lives can be better. It is a way of controlling the middle class and lower class requiring them to need governement assistance and get their fair share of the pie.
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TheNewWorldMan
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Posts: 5
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« Reply #9 on: March 08, 2010, 08:00:07 PM » |
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The problem, at least in part, is the epic disconnect between the services people expect government to provide, and how much the people are willing to pay for said services.
We want the social safety net of Europe and the military of a superpower, yet to pay taxes like Ayn Rand is the head of the Treasury. Doesn't work that way.
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Biminim
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« Reply #10 on: March 08, 2010, 09:41:10 PM » |
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The problem, at least in part, is the epic disconnect between the services people expect government to provide, and how much the people are willing to pay for said services.
We want the social safety net of Europe and the military of a superpower, yet to pay taxes like Ayn Rand is the head of the Treasury. Doesn't work that way.
Whoa, wait a minute: Ayn Rand is head of the Treasury? Shit, I thought she was dead. Maybe it's John Galt in a bad wig and an ugly dress pretending to be Ayn Rand. Or . . . or maybe I just read something wrong. Why is my . . . why is my screen pulsating and twirling . . . ? And why do my hands look so . . . funny and apelike . . . ? |
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DJSNOLA
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« Reply #11 on: March 08, 2010, 11:13:28 PM » |
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The problem, at least in part, is the epic disconnect between the services people expect government to provide, and how much the people are willing to pay for said services.
We want the social safety net of Europe and the military of a superpower, yet to pay taxes like Ayn Rand is the head of the Treasury. Doesn't work that way.
I think its the tax equivalent of nimbyism really. Some of us dont mind paying for certain things, yet each persons certain things cover way more than is possible to cover. Politicos bought votes with money that isnt there anymore, and pretty much never going to be. Expectations can and wont be met. |
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MtLouie
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« Reply #12 on: March 08, 2010, 11:17:44 PM » |
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My sister and I talked tonight. She lives in Washington state and she said they just got informed there is going to be an $800 million increase in taxes, but just for eleven months. She laughed about that.
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wordnerd
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« Reply #13 on: March 08, 2010, 11:46:55 PM » |
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I'm going to owe State taxes... I'm having my taxes done next Monday, the 15th.... beware the Ides of March  |
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