In response to this statement:
I"ve seen it written elsewhere that there is a sweet spot between a 0 and 100 % tax rate that creates the most government income and that it's not a fantasy at all.
sck5 responded:
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Yes, there is a sweet spot. And we are well below it.
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Cool. Perhaps you could let the rest of us know? I"ve provided a study that shows what the sweet spot is, but all we have from you is your statement.
Sck5 said:
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My point is that the notion that simply cutting taxes will increase revenue is hogwash. Cutting taxes gets you a higher deficit.
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Still looking for a graph showing raw tax revenues. Here's one that shows our individual tax burden. Notice the highest peak under Clinton?
Tax Burden Is Rising to Highest Level in History