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

To: i-node who wrote (511717)	9/9/2009 4:20:58 PM
From: combjelly	Read Replies (2) \| Respond to of 1578984

"It doesn't, but you have the extremes way, way wrong. " They are obvious extremes. Other than 0% and 100%. I didn't say the figures were exact. Just extremes. "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." Probably. "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." But is it enough to offset the revenue decrease? Granted, the budget could be cut to offset the revenue decrease, but the few times that has been done, the growth in economic activity has been less than stellar. But, don't take my word. Ask Bernanke.