Tax Revenues

[Nonno]

"You cut taxes and the tax revenues increase." (G.W. Bush)

 

[MMDad]

"You cut taxes and the tax revenues increase." (G.W. Bush)

That's what history has shown. Good to see you're learning!

 

[Dontel58]

Hey Nonno, Google FY2007 tax results. I do believe that was a record year with revenue reciepts. Who was the President that year?

 

[Pete]

While we are bullchittin lets look at the donks "Tax breaks for the millionaires" myth.

As a result of the Bush tax cuts in 2001 the portion of the tax burden paid by the wealthiest 1% increased from 38.4% to 39.1% while the bottom 50% saw their tax burden decrease from 3.4% to 3.1%. ~Decision Points, pg 422, 447

 

[Baja28]

Nonnothing steps in it again. He'll probably smear it on his face next time.

 

[MMDad]

While we are bullchittin lets look at the donks "Tax breaks for the millionaires" myth.

Or the best one - punishing the "Fat Cats" who mostly make reasonable salaries and will be unaffected by tax hikes since the capital gains tax (where they make their money) is not being raised.

The only people who raising the top tax rate will hurt are those who make more than $250K but don't get the tax breaks that the uber-wealthy get. You know, the people who create jobs.

That's why people like Soros and Buffet are behind this. They are immune from being punished.