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Article #984Re: Income tax repealed....maybe...
From: David E. Banks
Date: Tue, 25 Jun 1996 00:00
Date: Tue, 25 Jun 1996 00:00
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2154 bytes
I don't think 4 times revenue growth keeping up with inflation..... callicot@ithaca.NoSubdomain.NoDomain (Mark Callicotte) wrote: >In article <4qhjhg$t1g@mule2.mindspring.com>, davidba@atl.mindspring.com (David E. Banks) writes: >|> You miss one important fact. If the tax rate is lowered, then the >|> economy will expand at a greater rate thereby producing more income >|> that will be taxed. In affect you will be increasing tax revenue. >|> Look at 1980 -1992. This period had the greatest tax revenue growth >|> in the nations history all due to a tax cut. >|> >|> Let reality set in.... >The reality is that although we did have decent growth during this period, >government reciepts, adjusted for inflation, did not keep up with the tax >cut. Sure there was a spike when the capitals gains tax was cut, but it >is a transitory effect. >Mark J. Callicotte
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10e1e4,7bc10164a3063e56 X-Google-Attributes: gid10e1e4,public X-Google-Thread: 1130cb,7bc10164a3063e56 X-Google-Attributes: gid1130cb,public X-Google-Thread: 10e835,7bc10164a3063e56 X-Google-Attributes: gid10e835,public X-Google-Thread: 116100,7bc10164a3063e56 X-Google-Attributes: gid116100,public X-Google-Thread: 10fef2,7bc10164a3063e56 X-Google-Attributes: gid10fef2,public X-Google-Thread: 106a7c,7bc10164a3063e56 X-Google-Attributes: gid106a7c,public X-Google-Thread: fa15f,7bc10164a3063e56 X-Google-Attributes: gidfa15f,public From: davidba@atl.mindspring.com (David E. Banks) Subject: Re: Income tax repealed....maybe... Date: 1996/06/25 Message-ID: <4qnh57$ih2@mule1.mindspring.com> X-Deja-AN: 161945548 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> <1996Jun24.210620.27180@schbbs.mot.com> organization: MindSpring Enterprises, Inc. reply-to: davidba@atl.mindspring.com newsgroups: oh.general,ne.general,atl.general,chi.general,ga.general,in.general,ne.nearnet.general