Income tax rates and the economy

Discussion in 'Politics' started by Wyldgusechaz, Sep 22, 2009.

  1. Wyldgusechaz

    Wyldgusechaz New Member

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  2. D_Tully Tunnelrat

    D_Tully Tunnelrat New Member

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    Not true. The economy was booming in the early part of the '50's and the tax rate was at an all time high. There was all that war debt to be paid off, and it had to come from somewhere... taxes can be higher, if the underlying economy is strong, if not it's a disaster, just like trying to cut spending during now. BTW I am not for higher taxes, but there are times when it can be sustained, and times when it cannot.
     
  3. SpeedoGuy

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    Remember the tax cuts of the GWB years? The ones that were supposed to spur the economy so much that federal coffers would be overflowing with dough by now?
     
  4. Bbucko

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  5. meatpackingbubba

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    It does not take a genius to figure out that higher tax rates do not incentivize income production. Income and wealth production leads to higher standard of living.

    Granting more money to government is granting more money to POLITICIANS to redistribute as they wish to entrench their own power and position. Why the hell would we want to do that?
     
    #5 meatpackingbubba, Sep 23, 2009
    Last edited: Sep 23, 2009
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