ILLOGICAL CONGERING BY OBAMA ON TAXES: Tax-Cut Debate Becomes Cloudier - WSJ.com: "- Sent using Google Toolbar"
Where in this article or discussion is a reflection of what took place when the tax cuts were put in place?
I.e. (per a recent WSJ article, which one needs to review for the exact figures), it was shown that the top 2% went from paying about 42% of all personal income taxes to over 50%.
Now one can logically assume that personal behavior is relatively consistent over time. Thus, those strategies which recognized more income (esp. probably capital gains, etc.) after the Bush tax cuts, will likely revert to pre-tax cut behavior. This would only be logical (and, of course, anathema to Democrats).
As a result, one could imagine logically that with higher tax rates, the top 2% might revert to paying in only 42% of what is collected.
Now, if the economy isn't growing, is Obama's 700 billion dollars a figment of some unskilled economic congering? Sure would seem so!
Sunday, September 12, 2010
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