Quote:
Originally Posted by Derwood
what is the history of cutting taxes to individuals in terms of creating jobs?
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You will find no agreement on the answer to this question. It is loaded with political implications. Any study you find will be loaded with assumptions because of the complexity of our economy. You can not control for that one variable. So at some level basic logic has to be used. For example at a 100%+ marginal tax rate how much effort would you put into earning another $1 knowing it will be taken? Compared to your willingness to earn another dollar if it was taxed at 10% Those who say "supply side" is B.s. don't answer this question.
---------- Post added at 04:36 PM ---------- Previous post was at 04:34 PM ----------
Quote:
Originally Posted by dippin
tax revenue as a share of GDP will be at the lowest point since 1950 this year, so supply siders need not worry.
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An important question is why?
Supply siders have a lot to worry about when government (tax spending rather than tax generating) is a bigger and bigger share of GDP