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To: Tzar

That is a technical question to an Economist, not an emotional or ideological one. According to supply side economics there is an Optimal tax rate which will produce the maximum of tax revenue. When you are on either side of the Laffer Curve an inappropriate rate (either higher or lower) will produce less revenue.

Since every time that rates have been cut (Harding, JFK, Reagan and Bush) the revenue has gone UP, I would suspect that the rate is too high.

But the Congress spends that increase in revenue and MORE so it really doesn’t matter except to the tax-payer many of whom vote for Democrats. We know the spending is too high.


79 posted on 09/20/2012 4:44:39 PM PDT by arrogantsob (The Disaster MUST Go. Sarah herself supports Romney.)
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To: arrogantsob

Technically, any time someone pays a sales or excise tax of some kind, that person is taxed.

In truth, this must be one of the only countries to have ever existed in part by paying people to lay around, eat and live free, and have cell phones, A/C, transportation and TV.


80 posted on 09/20/2012 4:49:16 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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