Article View: oh.general
Article #982Re: Income tax repealed....maybe...
From: Mark Callicotte
Date: Mon, 24 Jun 1996 00:00
Date: Mon, 24 Jun 1996 00:00
16 lines
1960 bytes
1960 bytes
In article <4qhjhg$t1g@mule2.mindspring.com>, davidba@atl.mindspring.com (David E. Banks) writes: |> You miss one important fact. If the tax rate is lowered, then the |> economy will expand at a greater rate thereby producing more income |> that will be taxed. In affect you will be increasing tax revenue. |> Look at 1980 -1992. This period had the greatest tax revenue growth |> in the nations history all due to a tax cut. |> |> Let reality set in.... The reality is that although we did have decent growth during this period, government reciepts, adjusted for inflation, did not keep up with the tax cut. Sure there was a spike when the capitals gains tax was cut, but it is a transitory effect. Mark J. Callicotte
Technical Details
Message-ID:
<1996Jun24.210620.27180@schbbs.mot.com>Path:
arc1-ca.pugleaf.net!unknown!not-for-mailReferences:
<4q7sk1$ug@nntpa.cb.lucent.com> <4q8v47$7n7@gaia.cc.gatech.edu> <4q92dh$3o6@Mercury.mcs.com> <4qafdq$qbc@mule1.mindspring.com> <vc7k9x3ks1c.fsf@jupiter.cs.uml.edu> <4qbkot$cls@mule2.mindspring.com> <4qhjhg$t1g@mule2.mindspring.com>Show Full Headers
Complete Article Headers
X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10e1e4,7bc10164a3063e56 X-Google-Attributes: gid10e1e4,public X-Google-Thread: 1130cb,7bc10164a3063e56 X-Google-Attributes: gid1130cb,public X-Google-Thread: 106a7c,7bc10164a3063e56 X-Google-Attributes: gid106a7c,public X-Google-Thread: 116100,7bc10164a3063e56 X-Google-Attributes: gid116100,public X-Google-Thread: fa15f,7bc10164a3063e56 X-Google-Attributes: gidfa15f,public X-Google-Thread: 10fef2,7bc10164a3063e56 X-Google-Attributes: gid10fef2,public X-Google-Thread: 10e835,7bc10164a3063e56 X-Google-Attributes: gid10e835,public From: callicot@ithaca.NoSubdomain.NoDomain (Mark Callicotte) Subject: Re: Income tax repealed....maybe... Date: 1996/06/24 Message-ID: <1996Jun24.210620.27180@schbbs.mot.com> X-Deja-AN: 161926198 sender: callicot@ithaca (Mark Callicotte) references: <4q7sk1$ug@nntpa.cb.lucent.com> <4q8v47$7n7@gaia.cc.gatech.edu> <4q92dh$3o6@Mercury.mcs.com> <4qafdq$qbc@mule1.mindspring.com> <vc7k9x3ks1c.fsf@jupiter.cs.uml.edu> <4qbkot$cls@mule2.mindspring.com> <4qhjhg$t1g@mule2.mindspring.com> organization: CCR+D newsgroups: oh.general,ne.general,atl.general,chi.general,ga.general,in.general,ne.nearnet.general