Dad2three
Gold Member
"Income tax rates don't matter because rates don't pay for the government."
NEITHER HAS THE GOP THE LAST 30+ YEARS. NOTE THE DEBT CREATED TO HIDE THE COST OF GOV'T AS THE 'JOB CREATORS' TAX RATES HAVE DROPPED? LOL
The problem is that we entertain republicans at all. They are consistently wrong and yet we ALWAYS respond to them as if they have credibility.
Thank you for admitting my point ruined your whole screed this post.
Your point? Oh right, Reagan cut Gov't revenues with his tax cuts for the rich (even though he increased taxes 11 times mainly on the middle class) and Dubya took over 25% OFF of the revenue's Clinton's good fiscal policies (20%+ of GDP) got US too, down to less than 15% of GDP. POINT? LOL
And?
YOU stated tax rates don't matter? Apparently they do!!! lol
Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory
The conclusion?
Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.
This paragraph from the report says it all—
“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”
Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study - Forbes
In 1980 the top 1% earned 8.5% of total income. In 2007 they earned 23%.
In 1980 the bottom 90% earned 68% of total income. In 2007 they earned 53%.
Summary of Latest Federal Income Tax Data Tax Foundation
Lol "studies"
STUDY. And ALL you have is the usual right wing noise nothing of value or the ability to refute it. Weird