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To: WOBBLY BOB
Then why did tax revenue double in the 1980s after substantial tax cuts?

Tax cuts result in economic growth. Citizens make more money and, even though they are paying at a lower rate, pay more total dollars to the government.

10 posted on 03/14/2010 9:18:23 AM PDT by Ol' Sparky (Liberal Republicans are the greater of two evils)
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To: Ol' Sparky
Tax cuts result in economic growth. Citizens make more money and, even though they are paying at a lower rate, pay more total dollars to the government.

EXACTLY. It's one of the fundamental things I have to drum into some clients new to my industry. Ignore the profit margin, ignore the number of units sold. The ONLY thing that matters is the number of dollars in your pocket at the end of the day.

Tax rates should be considered fluid and variable, and if cutting the tax rate (margin) by a factor of 3 results in a net increase in dollars at the end of the day then it was the right move to make.

38 posted on 03/14/2010 10:19:43 AM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: Ol' Sparky

I want the gov to have less money to spend, not more. They are destroying the entire country with hateful fascist laws, agendas and programs that we the people pay for.

We are paying for the poison that is killing us.


66 posted on 03/14/2010 12:03:51 PM PDT by little jeremiah (Asato Ma Sad Gamaya Tamaso Ma Jyotir Gamaya)
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