‘Biggest tax increase in history’? Just look at this chart. Just look. That is all.

[kpete]

More:
http://tpmdc.talkingpointsmemo.com/2012/07/the-individual-mandate-is-a-very-small-tax-chart.php?ref=fpa

[Archae]

1. Now don't go meddling with the Teabagger's heads using reality!

They can't handle it.

[Journeyman]

2. "Facts, sir, are the enemy of truth!" ~ Don Quixote de la Mancha . . .

When it's understood that truth is irrelevant to Republicans and Teabaggers, their statements and actions become far easier to understand.

[HiPointDem]

3. agree, they're demagoguing it. but my question would be why does aca require *any* increased

spending when the us already spends more than any nation on earth for health care & when aca is supposed to increase efficiencies?

[girl gone mad]

7. Bigger question: why does it require any increased revenues?

We could afford to fund the program without adding an additional tax burden on the middle class.

Or we could raise taxes on the wealthy to cover it.

Or we could cut defense.

Etc.

This regressive tax was designed to benefit insurance companies and banks, imo.

[joshcryer]

9. I think that's a fact. I mean, that was basically the argument.

"We can't do single payer because we need to work within the system." The bit left out was, "The system is a conglomeration of for-profit insurers where many are left out." All of the top candidates basically made the argument.

[ladjf]

4. Hey, what facts have to do with their assertions? nt

[Southerner]

5. This chart shows only revenue generated by each event.

What I would really like to see is a chart that shows the effective tax rate increase percentage on the Middle Class for each of the events. That might tell a different story don't ya think?

[DearAbby]

6. Why isn't the media calling these people out on their obvious lies?

What happened, since when are lies a valid alternative point to any conversation? Don't give us that keeping it fair and equal bullshite. Lies are not acceptable.

Propaganda is a powerful tool, add moving pictures....We have a problem. The media, in the hands of a very few people. They control the information, they control the message, they control the masses.

[girl gone mad]

8. I think this is somewhat disingenuos.

In isolation, revenue raised as a percentage of GDP is a meaningless comparison which does not address the true impact of the tax.

To understand why, look at this graph of wages as a percentage of GDP over the last few decades:



Our GDP is significantly larger than it was in the 80s and 90s, but wages account for smaller portion of GDP than at any time since these records have been kept.

I'd like to see a chart that compares the hit in terms of income and wages rather than GDP.

[joshcryer]

10. I dunno, the disparity between the 80s and 2000s is only, what, 4-5 points at most.

Fascinating though what a Democratic President can do. Basically reversed the Regan-Bush I years, and then some (part of that was artificial with the Dot Com bubble).

Assuming that chart is wage / GDP, I'm not 100% on that count.

[girl gone mad]

11. Almost all of it was the bubble in private debt.

Banks went wild. Clinton actually went too far in cutting public sector spending and his surplus put us in a recession after the internet bubble burst.

The fact is fewer people are in the workforce, wages as a percentage of GDP are lower and good analysis of the tax impact should be based on income, not on GDP.

[spedtr90]

12. Chart with ALL taxes related to "Obamacare"

Biggest tax increases since 1950 as % of GDP.

ACA (Obamacare) percent is calculated for 2019 when all taxes relating to the ACA will be in effect.

And it's still not the biggest tax increase ever.


http://www.motherjones.com/kevin-drum/2012/07/no-obamacare-not-biggest-tax-increase-history