It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by subject1145
reply to post by LilDudeissocool
I scored an 80 but I totally disagree with question 23 for me:
"23. Comprehensive tax reform that reduces tax expenditures (e.g. deductions, exemptions, credits, and exclusions), while at the same time reducing top marginal tax rates, can generate additional revenues above historical levels and should be a key component of any comprehensive deficit reduction strategy. "
Exemptions, credits, and exclusions would help but it is a more difficult question then just that. Lots of companies that run the US work offshore, or offshore most of their profits to get around paying taxes. The loopholes need to be closed.
The way this sounds is like it is trying to remove the credits and deductions from everyone, and that is not a good idea either. Some families rely on their tax refunds to actually get something nice for the family because that is the only time they can afford it.
There are lots of things wrong with our economy, and lots of changes in government and our economy need to happen. What else is there really to say?
Originally posted by dolphinfan
reply to post by LilDudeissocool
What a bunch of trash. This is no quiz but a directed poll. Over half of these questions pertain to political philosophy and have nothing what so ever to do with understanding fiscal matters of any kind.
Might want to change the title of the thread, As it stands you will have folks wasting their time thinking that they are actually going to spend a bit of time doing something that might actually generate some insight.
FISCAL IQ:
90
(About the Fiscal IQ Quiz).
Your I.Q. is the average of your scores on two parts:
FISCAL KNOWLEDGE SCORE - (Your understanding of the facts regarding our nation's financial condition) Score based on 20 questions.
YOUR SCORE: 80
80-85 – Very Good. You are knowledgeable about the fiscal facts, but be sure to learn about what you got wrong so that you can be even more knowledgeable. There is a lot of political rhetoric, myths and false assertions about our nation's financial condition that must be confronted. Be sure to share your knowledge and this quiz with others.
FISCAL WISDOM - (Whether your answers about solutions are in line with a consensus of objective budget experts) Score based on 10 questions.
SCORE: 100
Great! Your views are in line with a consensus of budget experts. You can be part of the solution.
You will now see any incorrect answers along with explanations.
Originally posted by snowspirit
FISCAL IQ:
87.5
From the final page:
Your I.Q. is the average of your scores on two parts:
FISCAL KNOWLEDGE SCORE - (Your understanding of the facts regarding our nation's financial condition) Score based on 20 questions.
YOUR SCORE: 75
70-75 – You know some of the fiscal facts, but could do better. It's understandable due to the political rhetoric, myths and false assertions about our nation's financial condition. Be sure to learn more about what you got wrong so you can be more knowledgeable, and be sure to share that knowledge and this quiz with others.
FISCAL WISDOM - (Whether your answers about solutions are in line with a consensus of objective budget experts) Score based on 10 questions.
SCORE: 100
Great! Your views are in line with a consensus of budget experts. You can be part of the solution.
Hey, look at that!
I did good for a Canadian, just looking in from the outside.
I am very good with a budget. I missed a few facts, but I don't even live there, so........