In 2003, President Bush signed into law a major tax cut for all "net contributors."

net contributors are those final tax payment of which is superior to any form of compensation or reduction. NCC should be distinguished from those that could be classified as "Receivers net of tax. "

net receivers of taxes, getting credit and other transfers of "net contributors" are delivered in the form Cash – in thousands of dollars in cash to millions of recipients.

In 2003, the tax cuts to 100% of "net contributors." The passage of tax cuts, wrong call Obama, c / go almost 100% of the beneficiaries of the tax net. "

Millions of people classified as taxpayers, statements taxes, taxes temporarily, until these payments are refundable. In addition, recipients receive an enormous amount of money paid by "taxpayers in any place. "

It is a welfare payment made by the tax code. The amounts are based on means tests, like all welfare programs. Also considered transfer payments.

2003 Bush tax cuts vs. Obama 2009 Recovery Plan – 12 months after each

2003 Bush tax cuts — net jobs created (more than) 1.1 million

2009 Obama stimulation — net job losses (less than) 3.1 million

Source: Bureau of Labor Statistics (BLS) U.S. Department of Labor

Taxpayer Cost

2003 tax cuts Bush — 0

Obama 2009 — $ 862 million revitalization

Source: Congressional Budget Office (CBO)

Note. Cost person "Net income taxpayers" that applies to the current workforce

2003 Bush tax cuts – 0

2009 Obama revival – $ 9269

Source: Tax Foundation – Based on statistics from the Internal Revenue Service (IRS) 2006, the latest available data

Most lists of the latest data available 93 million "tax net income Pay

In government revenues: two quarters after each

2003 Bush tax cuts – (Plus) + $ 90,700,000,000

2009 Obama revival – (Less) – $ 65,800,000,000 (Income for the third quarter is not yet available)

Source: Bureau of Economic Analysis (BEA) U.S. Department of Commerce

the personal disposable income – Third quarter following the full integration of tax cuts and stimulus adjusted for inflation —

per capita (Every man, woman and child)

2003 Bush tax cuts ——- (more) + $ 658

2009 Obama stimulation (more) + $ 290 (for fourth quarter data — not yet available)

Source: Bureau of Economic Analysis (BEA) U.S. Department of Commerce

Obama's constant statement: "I gave tax cuts to 95% of Americans." not only false, but is very close to being 100% false. Almost all payments made to beneficiaries were "transfers" of money from other taxpayers received under the euphemism of "credits."

A little, it was ultimately a "net tax" have cut taxes for one year, through loans to buyers housing, such as credit, but this giant gift of $ 8,000, was also available for those who did not pay taxes, which means that in the long term will be an additional cost to all the "net contributors"

Credits in a given time only one payment to reduce taxes actually paid. The taxpayers initially dropped his taxes, but I could never go below zero.

However, in most cases, claims are simply transfers or redistribution of those making money from his own employer, who has not won in any way.

CREDITS: Business and credits individual should be removed – the only actually paid tax deductions should be allowed

Businesses to obtain credit, but in most cases enough to reduce the amount of final tax, actually paid.

If the loans are completely removed from all taxpayers, tax rates could reduce not only individuals and businesses, but government revenues would increase dramatically as they did in the past. This would give our economy a boost tremendous.

This actually happened to a great extent in 1986, but Congress, as usual, beat the improvements, using the usual tactics of struggle classes.

Many voters mistakenly believe that companies really "get" the government's money. Reality is that they contribute substantially.

The companies are initially tens of billions of dollars in loans. However, the final amount of "net taxes paid" is heavy. In 2006, For example, when tax revenues were up all sources of income, companies provided a "final net amount" of $ 395 million. It was after credits, subsidies, allowances, etc. everything that selected term. The final amount paid was a full 1 / 8 of federal revenue in the year.

Obama's stimulus package, on the other hand, paid 787 billion U.S. dollars of taxpayer money to be repaid by current taxpayers and the years that followed. 787 billion dollars was the initial estimate of the Congressional Budget Office has reviewed the CBO has added $ 85 billion.

The most important number above individuals appear to be DISPOSABLE Personal Income (DPI). This indicates how much taxpayers spend more or less.

From that date, data greatly facilitates the Bush administration tax cuts, which showed a gain of more than 2 1 / 4 times the stimulation, with a penny additional debt to taxpayers, tax cuts.

Also note that the increased government revenue after tax cuts and reduced recovery after Bush Obama.

cyber/spacewar: episode188b – october 8, 2010

Revision $21.5 Revision