Thread: Economics "Soak the rich" is pure folly
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Old 07-10-2011, 09:06 AM   #37
banyon banyon is offline
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Join Date: Aug 2005
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Quote:
Originally Posted by Dave Lane View Post
I'm not sure with all the knee jerk reactionism of this forum that you realize if we undo the Bush tax cuts they will be paying the same tax rate as they had for years. Here's a little oddity. The US had a surplus before the tax cuts. None or even close since then.
No, but ALL tax reductions result in increased revenue EVERY TIME. Didn't you know that? It's the magic super elongated Laffer curve.

Also, looking at comparative data for when tax rates were raised or lowered is somehow meaningless.
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