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Originally Posted by dabateman
It's sad that you really can't ADD. If we REDUCE taxes, that is a direct and immediate reduction in taxes.
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Yeah and if we raise them it does, but after the market adjust revenues increase when the economic benefit of lower taxes rates kicks in and the rich not only pay more in actual dollars but also a higher percentage of the total tax revenues, that should make you very happy.
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You only HOPE that the low taxes on growth will make up for it.
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As they have in the past.
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It doesn't work that way.
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Yes it does and as GDP grows and produces more income we lower the rates even more.
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The growth would have to be unparalleled
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It would only have to match what we saw in the 80's and the 90's
We CANNOT tax our way out of this, that shuts down growth and tax revenues will slow and drop.