cuteswan wrote:I know no one will believe me, but tax revenues (the amount collected) often goes up after the rates themselves go down. Unfortunately, that only incites politicians to spend more money, making deficits rise as well.
I believe this has been well documented; I understand Reagan's cuts had such an effect (I think it was Reagan who did it.) though the chain of causality is always a matter of argument. ("Did the tax cuts really do it, or would it have happened anyway?" Without a way to see two universes at once, we can't know.)
cuteswan wrote:Also, one might argue that the reason more "little people" pay taxes is because they're actually earning a somewhat decent amount of money. And, I still believe the "top 5% of earners" still pay something like 30% or 40% of all taxes. (Of course, a lot of the "old money wealthy" don't pay very much because they don't earn income and also have ways to avoid paying taxes.)
Just worth mentioning.... :|
There's a
book about that topic...
Also, for the sake of my own personal political beliefs, I will replace any of Honor's mentions of "Republicans" with "Neo-Conservatives" because I believe
true Republicans wouldn't stand up for the shit that the current administration is doing.
Of course, my definition of
true Republicans is as rock-solid as the definition of
true Goths (as referenced in another
thread. Gotta love the "No True Scotsman" fallacy.

Toawa, the Rogue Auditor.
(Don't ask how I did it; the others will be ticked if they realize I'm not at their stupid meetings.)
Interdimensional Researcher, Builder, and Trader Extraordinaire