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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (471944)4/15/2009 2:55:15 AM
From: bentway  Read Replies (1) | Respond to of 1576912
 
You know Ten, the example supply-siders ALWAYS use as an example of cutting taxes raising revenue is Jack Kennedy - because he was a (D), you know.

What they never mention is that Kennedy cut the top marginal rate from 91% to 70%! The 91% was put in to pay for WWII, and all the rich folk paid it. Maybe we need to do the same to pay for Iraq?



To: Tenchusatsu who wrote (471944)4/15/2009 7:31:52 AM
From: Taro  Read Replies (2) | Respond to of 1576912
 
The impact of a significant tax hike or drop appears years later, maybe as much as 3-5 years later.
That's how the economy under slick Will prospered in spite of his tax hikes - Reagan had done the cuts for him - and how the economy suffers years later after his tax hikes.

Anyway, understanding this and taking off the partisan spectacles gives a better view of what's going on.

Taro


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