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Politics : Formerly About Advanced Micro Devices

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To: TigerPaw who wrote (287549)5/10/2006 6:02:24 PM
From: Tenchusatsu  Read Replies (2) of 1571685
 
TP, The fiction of the Laffer curve is that revenues rise because the economy is stimulated by the lower taxes. That might be true if the taxes were outrageous but that was not the case in Reagan or any Bush term.

You're debating where the apex of the Laffer Curve is, not the validity of it.

If you think a 50% tax rate (counting Federal, State, Local, FICA, Medicare, etc.) represents the apex of that curve, then you're entitled to your opinion. If only the truly rich actually paid that much. If only raising the rates on the top tax brackets made the truly rich pay more ...

Tenchusatsu
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