"Effective tax rate" includes deductions.
Quote:
Originally Posted by Seahawk
BTW, household tax rates mean dick because of our tax code...care to factor in deductions?
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I've read so many pieces on various sides of the supply side tax debate. I've seldom seen an issue where so much talk leads to so little clarity. Its like debating religion or philosophy.
So personally, I'm at a point where I say (1) if it is so clear that lowering tax rates either does, or does not, increase government tax revenue, then I expect to see it quite plainly in the data, and (2) rather than believing anyone else's characterization, I'm going to download the data and calculate, chart, and study it myself and reach my own conclusions.