Ok, smart guy. YOU solve the deficit!

[tater]

Originally Posted by mookiemookie

And watch emergency rooms become clogged to the point of shutdown as people flood them for basic medical care.



Because there's absolutely zero evidence for increases or decreases in tax rates having an effect on any measurable metric of growth, be it unemployment, GDP or personal income.

So revenues plunged when the top marginal rate dropped from 70 to 40%? (along with the other brackets dropping in lockstep) Even though the bulk of taxes collected are on the top 20% of earners?

Nope.

The taxes collected wobble between 16 and 20 percent regardless of the marginal tax rate. So either more people are paying at the lower rate, or the economy grows, otherwise the collections should have plunged.