Originally Posted by aceventura3

I came across some more "voodoo" supply side economics stuff.

I was reading 1/12/09 print edition of Forbes magazine, page 15 and came across some interesting information. Steve Forbes made a commentary on how Ireland "gets it". The corporate tax in Ireland is 12.5%, in the US it is the second highest in the world at 35% (not including state tax). Then he looked at corporate taxes as a percent of GDP. In 2007 Ireland corporate taxes collected as a percentage of GDP was 3.4%, in the US it is 2.7%. Imagine that, lower tax rates with a higher relative tax collection rate. I sure hope that Democrats start to "get it"