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.
To: Trapped Behind Enemy Lines
"Its 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?
To: Trapped Behind Enemy Lines
Obama explained why when he was on the campaign trail: Its 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)
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 Presidents 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 / 991.9 |
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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