Mahr and other Hollywooders will be squawking when Congress has to raise taxes to pre-Regan era rates just to pay for all the current spending.
But even pre-Reagan rates had enough tax deductions to mitigate any punishing results. Reagan did lower rates, but he also reduced deductions. (ex. you could no longer deduct your credit card interest rates)
Hauser’s Law shows that no matter what the income tax rates at any time, the Federal revenues averaged 18% GDP.
“Mahr and other Hollywooders will be squawking when Congress has to raise taxes to pre-Reagan era rates just to pay for all the current spending”
We should never forget to add the world try in re fence to their aledge reason for raising taxes.
We all know that they can’t get more than 18-20% of the long term GDP, no matter how high they raise taxes.
“Mahr and other Hollywooders will be squawking when Congress has to raise taxes to pre-Regan era rates just to pay for all the current spending.”
THey will squawk louder when they discover it’s s till not enough.
“Maher will be squawking “
Also when Donald Trump takes $5 million from him in court for welching on the Donald’s birth certificate!!
http://www.cnn.com/2013/02/06/showbiz/trump-bill-maher-suit