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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (517548)10/1/2009 9:40:44 AM
From: i-node  Read Replies (1) of 1579104
 
What a bogus, manipulated graph. It doesn't even chart revenue (you're looking at revenue vs. gdp).

Here is a MEANINGFUL graph, where you can clearly see the income tax revenue, not a figure that is designed to provide a particular image.



Because of the scale, it is a little difficult to see the benefits of the JFK cuts -- however, if you look at a graph that is scaled appropriately for the period it is evident.

But the Reagan tax cuts caused a surge in income tax revenue that lasted into the 90s. And in fact, the Clinton tax increases early in his term could not offset the increased revenue that began under Reagan (although, econometric analysis has shown that those increases DID negatively impact growth and therefore tax revenue).

But the sharp increase in revenue at the end of the 90s is a direct result of Clinton's tax cuts and the resultant surge in growth.

Later, the first round of Bush tax cuts, which weren't appropriately targeted, could not offset the collapse of the dot-com bubble, but when the REAL Bush tax cuts came along, look what happened.

It is unmistakable. Unless you cook up a bogus graph like you did which isn't even tax revenue and doesn't break out the income tax revenue from the PR tax revenue.
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