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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Peter O'Brien who wrote (580893)	6/6/2004 10:15:07 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

Payroll taxes are about 40% - Much, Much higher than WW2.

To: Peter O'Brien who wrote (580893)	6/6/2004 10:42:40 PM
From: Wayners	Respond to of 769670

The laffer curves demonstrate how much revenue you get from various tax rates. The theory is that at some optimal rate, revenues are maximized. That optimal rate is not a 100% tax. In fact at at 100% tax rate, revenues are in fact zero. Nobody does any work except to stay alive at such rates. At such rates it actually takes a Stalinistic approach to get people to do anything at all. Thats no tax and revenue system at all. At 0% tax rates, revenue is also zero.