[MrB]

Someone needs to bust the myth of

federal tax rate change = federal tax receipts change

[xzins]

I agree. Giving John Doe more money to run his business equals more workers, more purchases, and those equal more spending and more taxes.

[bankwalker]

Someone needs to bust the myth of federal tax rate change = federal tax receipts change

Someone is all of us. Here is a way to do it, one mind at a time:

see post #5 here

[Bob]

Someone needs to bust the myth of

federal tax rate change = federal tax receipts change

While it's not entirely a myth, it's also not a simple one-to-one linear relationship. Tax rate changes do affect tax revenues.

At lower tax rates, a rate increase can increase tax revenue, but only up to a point. Above that point, a rate increase will definitely decrease tax revenue. Reagan (and Kennedy before him) demonstrated the first half of that relationship. Obama is bound and determined to implement the latter half.