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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (7410)12/19/2005 11:25:57 AM
From: neolib  Respond to of 541674
 
It is taken as an article of faith on the right that tax cuts are the key. I would like to see some actual proof before accepting that assumption myself.

Exactly right. The interesting thing is that the total effective tax rate in the US averaged over all tax payers has stayed in a pretty narrow band near 20% over 30-40 years IIRC. Yet if you look at the degree of tax prattle in US politics it is way higher.

A 1% swing in the effective tax rate is of course a 5% swing in the governments budget, which leads me to wonder what the psychological effect is of having 1% more of my money, vs. seeing the government run 5% annual deficits.