Quote:
Originally posted by RoninLB
Fed #'s by law must show static #'s that are disassociated from reality. The recent past tax rate drop is a good example. Static #'s show a drop in Fed tax revenue. Dynamic #'s show an increase, as it has always shown in past tax rate declines, due to increase incentive.
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This is a myth,
AFAIK. The conservatives' favorite example is the "Reagan tax cuts" that were quickly reversed into a tax increase. Under Bush2, we have the AMT (stealth tax increases).
How about tossing out some hard numbers?