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JFK

JFK | IN SHORT, IT IS A PARADOXICAL TRUTH THAT TAX RATES ARE TOO HIGH TODAY AND TAX REVENUES ARE TOO LOW AND THE SOUNDEST WAY TO RAISE THE REVENUES IN THE LONG RUN IS TO CUT THE RATES NOW. THE EXPERIENCE OF A NUMBER OF EUROPEAN COUNTRIES AND JAPAN HAVE BORNE THIS OUT. THIS COUNTRY'S OWN EXPERIENCE WITH TAX REDUCTION IN 1954 HAS BORNE THIS OUT. 14DEC1962 | image tagged in jfk | made w/ Imgflip meme maker
613 views • 1 upvote • Made by anonymous 5 years ago in politics
jfk
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2 Comments
[deleted]
0 ups, 5y,
1 reply
Yeah - but the point was, he closed loopholes. Revenue went up because he forced big businesses to pay more even as the overall tax rate went down.
calronmoonflower
0 ups, 5y
Laffer Curve | DON'T FORGET THE LAFFER CURVE. | image tagged in laffer curve | made w/ Imgflip meme maker
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IN SHORT, IT IS A PARADOXICAL TRUTH THAT TAX RATES ARE TOO HIGH TODAY AND TAX REVENUES ARE TOO LOW AND THE SOUNDEST WAY TO RAISE THE REVENUES IN THE LONG RUN IS TO CUT THE RATES NOW. THE EXPERIENCE OF A NUMBER OF EUROPEAN COUNTRIES AND JAPAN HAVE BORNE THIS OUT. THIS COUNTRY'S OWN EXPERIENCE WITH TAX REDUCTION IN 1954 HAS BORNE THIS OUT. 14DEC1962