View Single Post
Old 11-05-2009, 09:15 AM   #43 (permalink)
dippin
Crazy, indeed
 
Location: the ether
Quote:
Originally Posted by Cimarron29414 View Post
Alright Derwood and dippin, here it is:

http://www.openmarket.org/wp-content...2009-09-11.PDF

This is from the Department of the Treasury. In the overview, the administration says federal tax receipts from the program will generate $100 to $200 Billion annual revenue. Divided among TAX PAYERS, that is $1761 / per year - which is the equivalent of an average 15% increase in federal income taxes.


So taking the higher number (from an internal memo based on 9 month old information) of what could be the revenue and simply dividing it among tax payers, even though this isnt a direct tax and everyone would have to pay the costs, reach a number that is quite a bit less than what you said originally?

And fyi, no, that is not how you calculate the cost of the program to the average person. You have to take into account the economic impacts of higher costs, the benefits of additional investments, how much of the costs will be diluted in the exports of good produced in the US, and so on. Because yes, the US exports quite a bit of what it produces, so the costs of this program will affect people outside the US as well.

That is why the latest official word on the costs of the program come from the CBO, which puts the cost at 175 per person. You might not like it, you might prefer the heritage foundation estimates, but that is what the administration has estimated the cost to be.
dippin is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360