On the first link, the second chart is FS. Again like Houston, you see a chart that shows "there is very little change in taxes paid when looked at as a percentage of GDP" with a fucked up scale. You do realize that 3% of GDP is a big fucking number, right?
On the second link, no one is saying an 80% top rate would work right now. Look up the word confiscatory. When dropping rates on the top payers from 70% to 33%, that can help the economy because a 70% rate is confiscatory. However, dropping the top rate from 39.6% to 37% will not help the economy one bit. Although, cutting taxes on the middle class would help the economy. Really, I'm fine with the tax cut if they left the top rate at 39.6%, left the business rate alone, and took out the stupid shit like ANWR and the insurance mandate repeal.
Look at it this way, from 1994 to 2001, the top rate was 39.6% and we had consistent economic growth and declininig budget deficits. From 2001 to 2010 the top rate was 35% and we had several years of recession and increasing budget deficits. From 2011 through current, the top rate was 39.6% and we had consistent growth and declining deficits. The same applies going back to the tax cuts in 1986.
As usual you completely missed the salient points and instead went into FS diatribe mode.
#clockworkshill
Exactly what points did I miss? Please to be explaining. I look forward to your discussion on this.
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