Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Proof that John Kerry is Unfit for Command -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (19159)	10/15/2004 10:25:06 PM
From: cirrus	Read Replies (1) \| Respond to of 27181

You can generate all the taxable income you want but if the tax rate is zero your tax revenues are zero. There is a point where it doesn't matter. Is a 3% tax rate going to generate significantly more economic growth and tax revenue than a 6% rate? Finding the sweet spot is the kicker. Furthermore, cutting taxes on the wealthy doesn't increase revenues. I a corporate executive earning $250,000 going to change anything if he has to pay 15% vs 12%? not likely. Finally, government spending is also a boost to the economy. Building highways, airports, paying social security to people who spend that money generates jobs and revenue. So taxing and spending, to a point, helps keep the economy moving. You'll generate more tax revenue by lowering taxes not increasing because you generate more taxable income to people via more people working. Why is this so hard for you guy's to understand?