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Message
re: Tax revenues hit all time high for FY 2014
Posted on 8/15/14 at 11:39 am to Powerman
Posted on 8/15/14 at 11:39 am to Powerman
quote:
I thought that when rates go up revenues went down and vice versa? Isn't that the narrative here? Why didn't it happen?
Only when the burden of taxation outweighs the benefits of employment. The folks who think that the difference between 35% and 39% is catastrophic have apparently never read a history book. I would like to note that the capital gains rate remained unchanged.
2
Posted on 8/15/14 at 12:48 pm to inelishaitrust
quote:
difference between 35% and 39%
It baffles my mind that we have reached a level like this in the first place.
Especially since this nation was at 0% for longer than we have had an income tax
Posted on 8/15/14 at 1:57 pm to inelishaitrust
quote:You do realize the increase in revenue is due to the expiration of pay-roll tax cuts for all workers, right?
The folks who think that the difference between 35% and 39% is catastrophic have apparently never read a history book. I would like to note that the capital gains rate remained unchanged.
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