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

To: RMF who wrote (986037)	12/7/2016 3:02:43 AM
From: i-node	1 Recommendation Recommended By TideGlider Respond to of 1575290

well, it depends on lots of Things but in most cases, historically, individual tax cuts increased revenue. Look at the Clinton cuts of the late 90s or the Reagan cuts or JFK. Bushs 01 cuts didn't, but we were suffering a recession and then the heart of our financial center was bombed on 911. It was all they could do to prevent a financial calamity in 01. But look at personal income tax revenue year to year for 03, 04, 05, 06. Crazy increase in tax revenue. To make the point, note that tax revenue for our fed real government stays around 18% of GDP regardless of mean tax rates. Tax revenue correlates very strongly with GDP but not with mean tax rates (you have to ignore the BS about maximum bracket rates because so few people are subject to it). I'm really not making crap up here.