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re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Posted on 3/28/17 at 10:51 am to Tigerdev
Posted on 3/28/17 at 10:51 am to Tigerdev
quote:
Relative to our expenses our revenue is too low. Absolutely correct.
Regardless of marginal rates, revenue has always sat at about 17% of annual GDP. The best method for increasing revenue isn't increasing rates (which can actually reduce revenue in some circumstances) but to increase economic growth.
And if we are concerned about rate of revenue versus expenditures, it's much easier to reduce expenditures.
This post was edited on 3/28/17 at 10:53 am
Posted on 3/28/17 at 10:59 am to Antonio Moss
Hey Antonio, what year did the Federal Government take in record revenues?
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