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

To: combjelly who wrote (511689)	9/9/2009 3:23:10 PM
From: i-node	Read Replies (1) \| Respond to of 1578965

But that says absolutely nothing about tax rates in between the two extremes. It doesn't, but you have the extremes way, way wrong. At the very least you can agree that we're talking about a range of 25-75% (maximum rate). You can concede that much, surely. We know historically, that when tax rates get into the 70s, then you cut tax rates into the below-50s, we see an INCREASE in tax collections. This has happened in every instance. It is not mere coincidence. So, nobody knows at any instance precisely where the line is. But we do know that that the curve is roughly parabolic and we do know there are some reasonable limits on either end. Nobody has suggested tax cuts taking us below 25%, and I wouldn't, either. So, it is a fairly narrow range we're talking about as to where tax revenues start to crater. Certainly under 50%, we know empirically.