You lying stupid fuc, if tax cuts always raised revenue then we should cut it to 1% to prove your correct.
Nobody in their right mind believes that, except you and you are not normal. You are in your right mind but your right mind is that of a welfare queen. You want something for nothing. You want the impossible, roads , military and no taxes. You are what you hate...a welfare queen.
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Also read just WTF the Laffer Curve is.
100% taxes = no tax revenue
0% taxes= no tax revenue
there is a point that is efficient, you are just to fucn stupid to understand that easy concept.
Originally Posted by WTF
Best case in point is the effect of the Bush tax cuts (arguably the source of our current economic difficulties). For the year 2000, the last year before Bush took office, Federal revenues were $2,310,000,000,000. In 2008 (the last year of the Bush Presidency), they were $2,288,500,000,000. This doesn't really tell the whole story, though, because it doesn't take rising population into account.
On a per-capita basis, Federal revenues were $8180 per person in 2000 and fell to $7508 in 2008. As a percent of GDP, they fell from 20.6% in 2000 to 17.5% in 2008. We know that Republicans just don't want to pay taxes. We know that they'll say or do anything to achieve that end. The numbers, however, tell the story of how Bush inherited a budget surplus and promptly frittered it away into a massive deficit, through unwise tax cuts which reduced--not increased--revenue.