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To: Kaslin

Lower tax rates actually yield HIGHER tax revenue.

But the Democrats don’t care about that.

Obama explained why when he was on the campaign trail:

It’s about REVENGE.


2 posted on 12/06/2012 7:38:04 AM PST by Trapped Behind Enemy Lines
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To: Trapped Behind Enemy Lines
"It’s about REVENGE"

Since this has been stated indirectly by The Bozo, and since it has been shown that it is NOT a revenue raiser but a targeting of a group, where is the cry for Equal Protection under the law?

4 posted on 12/06/2012 7:42:42 AM PST by I am Richard Brandon
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To: Trapped Behind Enemy Lines
Obama explained why when he was on the campaign trail: It’s about REVENGE.

IT is more than just revenge - it is about the RATS killing the GOP once and for all.

With the GOP in a circular firing squad between the RINOS and the CONSERVAITVES, it may very well be happening as we speak.
10 posted on 12/06/2012 9:17:58 AM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Trapped Behind Enemy Lines; I am Richard Brandon; Hoodat; Kaslin
Trapped Behind Enemy Lines wrote:

Lower tax rates actually yield HIGHER tax revenue.

Lower tax rates may have some benefits but HIGHER tax revenue is not one of them! That was the conclusion of the analysis that I posted at this link. In addition, I am yet to find one credible economic study that purports to show evidence of any income tax cut that has ever paid for itself. I have posted a table of the ones that I have thus far found at this link. Following is that table:

Estimates of the Percent of Revenue Cost Recouped after Tax Cut

Labor 
Taxes 
Capital 
Taxes 

Author (s)

Title 

Date 

Notes 
17-25*    Lindsey, Lawrence  Individual Taxpayer Response to Tax Cuts 1982-1984 with Implications for the
Revenue Maximizing Tax Rate
 
11/86  * 1982-1984 
33*    Lindsey, Lawrence  The Growth Experiment  10/91  * according to 
Bartlett
17  50  Mankiw, Gregory 
Weinzierl, Matthew 
Dynamic Scoring: A Back-of-the-Envelope Guide  12/04   
-5 to 
32* 
  Congressional Budget 
Office 
Analyzing the Economic and Budgetary Effects of a 10 Percent Cut in Income Tax Rates  12/01/05  * for 2nd 5 years 
< 10*    Treasury Department  A Dynamic Analysis of Permanent Extension of the President’s Tax Relief  7/25/06  * according to 
CBPP
30*    Foertsch, Tracy 
Rector, Ralph A. 
A Dynamic Analysis of the 2001 and 2003 Bush Tax Cuts: Applying an Alternative 
Technique for Calibrating Macroeconomic and Microsimulation Models
 
11/22/06  * 295.5 /&nbsp991.9 
39*    Auten, Gerald 
Carroll, Robert 
Gee, Geoffrey 
The 2001 and 2003 Tax Rate Reductions: An Overview and Estimate of the
Taxable Income Response
 
9/08  * reduction in 
top 2 rates 
32  51  Trabandt, Mathias 
Uhlig, Harald 
How Far Are We From The Slippery Slope? The Laffer Curve Revisited  4/10   

If you know of any credible economic study that purports to show evidence of any income tax cut that has ever paid for itself, please post a link to it. Likewise, please let me know any specific numbers or conclusions in my analysis that they disagree with.

13 posted on 12/07/2012 1:00:44 AM PST by remember
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