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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (158046)	10/17/2008 12:21:13 PM
From: bentway	Respond to of 306849

"Federal tax rates were as high as in the 90%+ range in the 1950's, down to the 70%+ range when Kennedy cut them in the early 1960's" Kennedy's modest cut of the top rate from 91% to 78% is always pointed to by the supply-siders as raising revenues and lowering deficits. None of the subsequent cuts have had the same effect. Which points to the obvious conclusion that there's a "right" tax rate for a given time, which might not be lower. Clinton's numbers and economy worked with "higher" taxes. I see it as the same sort of equation as retail pricing. Too low, you lose profits. Too high, you lose customers. Just right, you maximize profits. It seems simple to me.