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Re: Same as it ever was...
Old 12-27-2010, 12:15 AM   #7
Professor S
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Default Re: Same as it ever was...

CORRECTION: According the Hauser's Law, tax rates maintain at about 19.5% of GDP regardless of great changes in tax rates:

http://en.wikipedia.org/wiki/Hauser%27s_Law



Note: The highest percent revenue generation (~20% of GDP) were in years 1945 and 1999. In 1945 the highest tax rate was 94%. In 1999 the highest tax rate was 39.6%, half the rate it was in 1945, yet they performed identically.

Remove your personal feelings. Abandon idealism. Lets start from scratch and figure this out for real, and stop playing the game both parties want us to play. Perhaps the best tax policy is Clinton's, and if that is the case, lets make it PERMANENT. I'm not opposed to the rich paying a few percent more, but it is this back and forth that prevents any business from making plans. Stability is needed, and nothing our government has done in the last two years has provided it.
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Last edited by Professor S : 12-27-2010 at 12:29 AM.
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