(08-09-2018, 02:29 PM)jj82284 Wrote:

(08-09-2018, 02:15 PM)mikesez Wrote: Math is not your strong suit.
Yes, if the economy grows, you can take the fraction of growth, multiply it by rough, new, gross tax rate, and say the product is new revenue for the government.
However
Gross tax rates changed.
You also have to multiply the original GDP by the change in gross tax rate.
That's lost revenue to the government.
In all likelihood, the magnitude of the postive will be smaller than the magnitude of the negative. Probably adds up to an annual revenue loss of about $60 billion, if your growth number of 3% holds.

U said ur an engineer right?  Prove it.  Let's see if u can spot ur mistake

...that's not how engineering works.  Engineers check each other's work when it's new and important. The only time an engineer works alone is when the thing is exactly the type of thing he or she has done before. It's very hard for any human to find their own mistakes in something he is trying to complete for the first time. Mentoring is part of the process for this reason.

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(08-09-2018, 02:47 PM)Byron LeftTown Wrote: Underfunded Social Security is not a problem.  $72 billion magically appears in the accounts of recipients every month.  It is nothing but a ledger entry.

Underfunded pension plans are a huge problem, though.  They are required to have the money they pay out.

Right.  The US Treasury can print new money for SS at will.

Other pension programs don't have that nifty feature.

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