[central_va]

Jeff,

Increasing taxes DECEASES federal revenue. There will be no net gain in Federal receipts because of this. Tax revenues are tied to whether the economy is growing or stagnant. Just look at the historical data. Federal receipts increase year over year unless there is a recession.. Tax rates are meaningless because the Congress has put all taxpayer on the right side of the Laffer Curve’s inflection point.

[Freee-dame]

Do you mean taxes or tax RATES? Most of the time politicians and pundits, most of whom are words people and not math people, mean tax rates when they talk about taxes. Under Reagan, a decrease in tax rates led to an increase in tax revenue (taxes) generated.

It’s too bad that most people don’t learn very much in school about rates and percentages. This could be a teachable moment if we are careful in our terminology.