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To: oincobx
What is scary/weird is looking at the raw data. Since the Great Depression it seems Uncle Sam gets more income every year, year after year regardless of the marginal tax rate and regardless of who is in power. Revenues seem curiously detached from the marginal tax rate.

It seems from the empirical data that the only thing that can cause a year over year revenue decreases is a recession. And that is usually for only one or two years - at the most.

19 posted on 04/26/2017 7:26:53 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Yes, but a period with a tax increase outperformed the period with significant tax cuts.


20 posted on 04/26/2017 7:32:25 PM PDT by oincobx
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