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Showing posts from June 18, 2017

More on Taxes, Still No Death...(part 2 of a 3 part series)

This is part 2 of the taxes and economy. If you have not read Part one (the post immediately prior to this one) you may want to. It can be read either before or after reading this one) To quickly catch you up in case you have not read the other, I was commenting on the issue of people posting so vehemently and positively about cutting taxes and the effect that has on the tax revenues. What amazed me is that the belief runs BOTH ways! It would seem to me that this is nothing more than a math problem. Now, although I hated math in school, I have always loved it for research and problem solving. Because, Open Core and Modern Math be damned, 2 + 2 should ALWAYS = 4! The same is true for complex problems. If you can distill it down to math, the answer is indisputable. In the spirit of disclosure I did go into this with the hypothesis that cutting federal income taxes would increase tax revenues when given enough time for those with increased after-tax incomes to do something with it...