PJ, please take note of the 5th word in my initial post. "Since 1983, after compensating for inflation..........."
The "wage growth" that PJ addresses is included as a portion of "inflation", which is addressed above. Furthermore, Boiler points out that technology costs for data evaluation has plummeted since 1983. Every company spends less money to evaluate data. A perfect example is the LTL (less than truckload) transportation industry. It is far cheaper and far faster to send 2000# of product from point A to point B. Cheap computer power gives trucking companies the ability to now quickly consolidate many orders into a single full truckloads. Our product is picked up in Indy, sent to a local hub, then sent 200 miles to a St. Louis hub, then finally packed onto a 3rd truck for the local delivery. I can send a 2000# pallet of product 200 miles for $150 and it'll arrive by the next day. 20 years ago, this order would cost twice as much and it would take 2-3 days.
The IRS evaluates data which is getting cheaper, not more expensive.
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Originally posted by: pjstroh
Boilerman is our resident expert on running a business. He wisely informs us Population growth is the only variable to consider when estimating costs. Not inflation, wage growth, technology costs, implementing new laws...or anyhthing else. Just population growth. Perhaps Boilerman can give us the name of a single fortune 500 company whose costs have only risen by 39% sine 1983. Just one name.
Cutting IRS costs is another in a long line of Republican "small government" facades. They want their blank check military, trillion dollar tax cuts, and the great wall of china along the Mexico border....and their going to reconcile it in the budget by cutting the IRS budget by 6 billion....or by killing PBS...or by stopping welfare funded cruises. Its important that people who are good at math vote...otherwise people like Boilerman elect politicians that aren't