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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (44894)8/16/2010 1:11:23 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
It's a somewhat important question, but I don't think its really a very important question, partially that is because I don't think you can answer it specifically with high confidence. Even if we could, I don't think we should aim for the revenue maximizing rate, not even the long term revenue maximizing rate. In a sense the extremely long term revenue maximizing rate would be a good thing to aim for, but the extremely long term revenue maximizing rate (which I think would be very low, esp. in the context of being able to restrain spending), isn't a very practical consideration, since 1 - Rates that low just aren't in the cards, and 2 - No tax policy lasts for the extremely long run, normally not even for the just plain long run.