This is a useless chart unless they've taken other factors into account and show
what they are. Population rise, income patterns, GDP rise, etc. One could also
surmise that there has been increase in Federal Revenue in spite of tax cuts
rather than because of them!
I do notice from the chart that there was a rather significant dip after
Reagan's tax cut and one that persists today after Bush's tax cuts. Another
interesting item is that there was no dip after Kennedy's tax cuts. There is a
major one after Nixon's election. There's no dip after Clinton's minor tax
increase...actually, an acceleration.
Maybe the real lesson is that everyone should vote Democrat since from the
evidence in the Heritage Foundation's chart, they're the only ones who can hold
office without harming the economy.
----- Original Message -----
From: "Michael Madigan" <mmadi10699 At yahoo .D.OT com>
To: "ProFox Email List" <profox@leafe.com>
Sent: Thursday, June 12, 2003 12:33 PM
Subject: RE: [OT] Tony Small's Tax Cut Estimator
> http://www.heritage.org/research/features/budgetchartbook/charts_R/index.html
>
> Notice the increase in revenue as taxes fell.
>
>
>
> > Where do you come up with this information?
> >
> > Stephen Russell
> > S.R. & Associates
> > Memphis TN 38115
> > 901.246-0159
> >
> >
> > -----Original Message-----
> > From: profox-bounces At leafe .D.OT com
> > [mailto:profox-bounces@leafe.com]On
> > Behalf Of Michael Madigan
> > Sent: Thursday, June 12, 2003 8:14 AM
> > To: ProFox Email List
> > Subject: Re: [OT] Tony Small's Tax Cut Estimator
> >
> >
> > Every tax cut in history has resulted in increased revenue to
> > the
> > Federal Government. So, we will actually be lowering the debt.
> >
> > --- "Leland F. Jackson, CPA" <smvfp At mail .D.OT smvfp.com> wrote:
> > > Hi Michael,
> > >
> > > Remember, the payment is coming from deficit spending which
> > > creates a debt that we all owe back to ourselfs. You might
> > end
> > > up repaying the advance many times over, due to compounding
> > > interest. Your tax refund could easily be deducted from
> > funds
> > > you have paid social security by either a reducted benefit or
> > > no benefit. Enjoy.
> > >
> > > LelandJ
> >
> >
> > =====
> > "I triple guarantee you, there are no American soldiers in
> > Baghdad."
> > Muhammed Saeed al-Sahaf (Baghdad Bob)
> >
[excessive quoting removed by server]
©2003 Chet Gardiner |
