Dr.Who
Well-Known Member
This is why you can't win with the Right...you can't even get them to agree that if you raise taxes...it brings in more money...based on this theory if the tax rate was 1% we would make the same amount in Taxes to pay for things...you think thats true?
Based on this application of real data which is based on data from the 60's we would not know what a 1% tax rate would do because taxes have never been that low from the 60's through now. A 1% rate would have to allow the economy to improve by a whole whole lot for the revenu from that improved economy to be greater than 18%. I doubt this would happen and I think so do most others here.
But tax rates above the lowest they have been since the 60's are not in any way shape or from justified (provided that when we compare rates we also compare the various loopholes too. I high rate with a lot of loopholes {Cinton and Reagan} could be the same as a low rate with no loopholes. I prefer no loopholes since they are just ways for politicians to hand out money with favoriitism)