Why Higher Deficits Don't Mean Higher Income Tax Rates [View article]
Agreed
On Aug 20 09:37 AM traden4alpha wrote:
> I draw the exact opposite conclusion from the graph. > The graph shows that an >70% tax rate enabled repayment > of the debt and that tax rates less than 70% led to growing debt. > Ergo, the tax rate will return to >70% to help repay the debt.<br/> > > Of course the larger issue is that the top marginal rate tells very > little of the full story
Why Higher Deficits Don't Mean Higher Income Tax Rates [View article]
On Aug 20 09:37 AM traden4alpha wrote:
> I draw the exact opposite conclusion from the graph.
> The graph shows that an >70% tax rate enabled repayment
> of the debt and that tax rates less than 70% led to growing debt.
> Ergo, the tax rate will return to >70% to help repay the debt.<br/>
>
> Of course the larger issue is that the top marginal rate tells very
> little of the full story