Originally Posted by
qtiger
More than was estimated, but still less than you would have had if the tax rate had been higher.
You're preaching to the choir DVP, I am a fiscally conservative economist and believe that tax rates should be as low as possible to stimulate the economy, but the plain fact remains that lower tax rates = lower tax receipts in the short run. Reagonomics is factually wrong.
Well unless your tax rate is 100% you will always be able to take in more money by raising taxes even higher.
I never knew you were a fiscal conservative, but as for Reaganomics being wrong I would say it really depends. In the right environment it would work well, in others not so.