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Again from your own link. Another example refuting what you claim
Total taxation in Sweden, including local taxes, is equal to 59.2 percent of that country's economy, the highest level in the 27-member Organization for Economic Cooperation and Development. In contrast, the U.S. total tax burden is 30.6 percent, lowest among the OECD members. Yet unemployment for the past two years in Sweden has been considerably lower than U.S. levels.
More from your own link. ( Remind me to come to you whenever I need a source to embarass you)
some prominent conservative economists, including Harvard University's Martin S. Feldstein, predicted wrongly that the Clinton tax cuts would choke off the 1990s recovery and kill jobs, while the millions of new jobs that Bush said his $1.7 trillion in tax cuts would generate have not materialized.
I sure did, you asked for an OBJECTIVE link, I provided, you ignored.
"The bottom line is, cuts in taxes lead to economic growth, which leads to improvements in the labor market to levels that are better than they otherwise would have been," said Mark J. Warshawsky, acting assistant Treasury secretary for economic policy.
Again from your own link. Another example refuting what you claim
Total taxation in Sweden, including local taxes, is equal to 59.2 percent of that country's economy, the highest level in the 27-member Organization for Economic Cooperation and Development. In contrast, the U.S. total tax burden is 30.6 percent, lowest among the OECD members. Yet unemployment for the past two years in Sweden has been considerably lower than U.S. levels.
The Reagan tax cuts were followed by America's longest peacetime economic expansion in history up to that point, which led to the creation of over 20 million jobs. The unemployment rate was virtually halved between the peak of the 1982 recession and when Reagan left office in 1989.
Any small business that is paying their full percentage of taxes is either ignorant or has a really, really bad accountant. Most small businesses show a net loss on taxes each year after salaries and business reinvestment.
A CPA firm should be better at legally sheltering their profits.
The rich would remain rich but would not have enough money left over to gamble on Derivitices etc. the result woulf be a much more stable economy and a financial system biased toward equities not speculation.
There has never been a shortage of rich people, regardless of tax rate. In the pre-Bush tax period more godzillionaires were created in the history of the country. Anyway, as I have posted already, a family making $280,000 pays a grand total of $257 more under the Obama tax plan than McCains.
The Reagan tax cuts were followed by America's longest peacetime economic expansion in history up to that point, which led to the creation of over 20 million jobs. The unemployment rate was virtually halved between the peak of the 1982 recession and when Reagan left office in 1989.
Hey, don't you go be confusin' these dumbocrats with facts! Billy Boy also has a lot to thank Reagan for the good economic times during the first 6 years of his term. And lots of smarter people know that Klinton turned the beginnings of a recession over to Bush. Don't believe me? Click on my pitcher.
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