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To: Al B.
The Laffer curve will tell you whether to raise or lower taxes to increase revenues. Since governments tend to over-tax, it would be correct in possibly 99% of the cases to reduce them to see an increase.

Still, we're only talking federal taxes here which doesn't take into account the cumulative effect taxes have on people when all forms of taxation paid to government reach levels of 50-60-70% etc. Sheltering income becomes a priority at these levels.

Had the feds been kept within the bounds intended by the Constitution, their 'share' of taxes would be significantly lower today. This mal-administration intends to bankrupt this country with the hope they might install a VAT tax to close gaps that will result from their spending, and, failure to extend tax breaks to all incomes is a clear indication of this intent.

As the purse-snatching party, the rat-0-crats have had this planned all along. Anyone earning more than $30K per year thats votes for them is braindead. Their plan is to steal from everyone they can, not just those 250K and higher. They'll snatch what you've got any way they can.

31 posted on 11/30/2010 11:38:31 PM PST by budwiesest (It's that girl from Alaska, again.)
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To: budwiesest
Great post, budwiesest.

No repub should vote for the evil sales or gas taxes from the so-called deficit reduction panel.

68 posted on 12/02/2010 4:45:13 AM PST by SupplySider
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