Who Really Pays Taxes? Message Board

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Non-Tech : Who Really Pays Taxes?

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To: RockyBalboa who wrote (157)	8/14/2000 8:26:45 PM
From: c.horn	Read Replies (2) of 666

Don't underestimate the effects on future generations. ...would you like to see it when your grand-children complain about the effects of public debt because the "former generations" did nothing but spending money and at the same time have not reduced public debt? That has nothing to do with lowering taxes. Lowering taxes will cause revenues to rise not fall. Look what happened when Ronald Reagan (Renaldus Maximus) lowered the top marginal rate from 70% to 28%. Then he cut the Cap. Gains tax in half from 28% to 14%. Can anyone here tell me what happened to revenues in the 6 years following that cut?

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