For the sake of argument, I assumed numbers from the Office of Budget and Management of the United States of America is a reliable source.
Quote:
Originally Posted by TheGame
I agree with Jonbo, I still don't buy it. There has to be more factors that cause the numbers to appear that way.
|
That is true with regard to GDP.
Quote:
|
I don't think taking $5 more from every working person in america is going to bring down revenue. Nor do I think allowing people to keep $5 more of their check will bring revenue up.
|
That's not what the graphs were meant to illustrate. They are meant to illustrate that there is no correlation between tax rates and tax revenue, but that there is a surprising correlation between GDP and tax revenue. Nothing more, nothing less.
Quote:
|
But there's something more to it, take into consideration how the value of the american dollar has changed in the last 10 years, and the population.
|
The numbers are "real" numbers, meaning that they are adjusted for inflation circa one year.