{"id":4954,"date":"2021-08-06T13:44:42","date_gmt":"2021-08-06T17:44:42","guid":{"rendered":"https:\/\/stockpicks4you.com\/?p=4954"},"modified":"2021-08-06T13:44:42","modified_gmt":"2021-08-06T17:44:42","slug":"the-good-news-on-taxes","status":"publish","type":"post","link":"https:\/\/stockpicks4you.com\/index.php\/2021\/08\/06\/the-good-news-on-taxes\/","title":{"rendered":"The Good News on Taxes"},"content":{"rendered":"

I am going to make a prediction about tax rates in the US. They are going to continue to go sideways\/downward. It has been doing just that since the end of WW II. I think it will continue for the rest of my life.
\nBoth the highest and lowest bracket have been trending downward.
\n\"\"<\/p>\n

The effective corporate tax rate has decreased more since 2011.
\n\"\"<\/p>\n

As a percentage of GDP, the US federal government has never collected more than 20% of GDP. It does not matter how high or low those tax rates go. They are capped at 20% since WW II.<\/p>\n

\"\"<\/p>\n

President Obama and the Democrats had complete control over congress in 2008. The highest bracket went from 35% to 39%. They put the highest bracket right back to where it was in 2000. This is a marginal change if you are making a million dollars a year. Now there is a man in the white house that is clearly losing his cognitive ability. For liberty and freedom, this is a good thing. I do not like charismatic presidents. They tend to get things done. Conservatives and libertarians have complained for decades that the government does to much. Now we have a victory-Gridlock. The gridlock is due to the decentralization of information. No one can make a move without it being scrutinized. If a charismatic man like Obama, with complete control over congress, could only take the top bracket from 35% to 39%, I think we are in good shape going forward.
\nFurther, why would the Democrats push such an agenda? In 2020, the US government financed 50% of every dollar spent. This is no more absurd than 60% or 70%. The US government borrows whatever is required. No one in the federal government gives a damn about the receipts coming in. It is inconsequential to the outlays if the US government collects 3.5 trillion in taxes or 4.5 trillion in taxes. This seems like a foolish battle to start.
\nAny raising of taxes will probably be marginal. I do not think any massive tax increases are coming in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":"

I am going to make a prediction about tax rates in the US. They are going to continue to go sideways\/downward. It has been doing just that since the end of WW II. I think it will continue for the rest of my life. Both the highest and lowest bracket have been trending downward. The … Continue reading The Good News on Taxes<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3],"tags":[],"class_list":["post-4954","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9wXzO-1hU","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/4954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/comments?post=4954"}],"version-history":[{"count":1,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/4954\/revisions"}],"predecessor-version":[{"id":4958,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/4954\/revisions\/4958"}],"wp:attachment":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/media?parent=4954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/categories?post=4954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/tags?post=4954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}