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Thread: I thought cutting Federal tax rates decreased revenues not increase them?

  1. #11
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    Chris's Avatar Senior Member
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    Laffer explained this on a napkin long ago.



    IOW, sometimes increasing taxes increases revenue and sometimes increasing taxes decreases revenue.

    So if we're close to T4 above and we increase taxes we will decrease revenue.

    Now if we're at T4 above and we decrease taxes, what will happen?




    Why?

    Laffer countered that the more money was taken from a business out of each additional dollar of income in the form of taxes, the less money it will be willing to invest. A business is more likely to find ways to protect its capital from taxation or to relocate all or a part of its operations overseas. Investors are less likely to risk their capital if a larger percentage of their profits are taken. When workers see an increasing portion of their paychecks taken due to increased efforts on their part, they will lose the incentive to work harder. Put together these could all mean less total revenue coming in if tax rates were raised.
    https://www.investopedia.com/terms/l/laffercurve.asp
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  3. #12
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    Quote Originally Posted by jet57 View Post
    He reduces revenue and then spends more than we have.

    Sure - spending IS the problem.
    Ah, so taxes is the problem?
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    Quote Originally Posted by Peter1469 View Post
    As has been demonstrated often. JFK, Reagan, Bush the Younger, Trump....
    The more it is demonstrated the more the left denies it. It's odd.

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    Quote Originally Posted by jet57 View Post
    He reduces revenue and then spends more than we have.

    Sure - spending IS the problem.
    Revenues are up.


    A president does not control spending. The congress does that. Yes, spending is the problem. A ten year old can see that.

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    Quote Originally Posted by Chris View Post
    Ah, so taxes is the problem?
    You still don’t know what a lord is eh?

    Read what I’m posting: Trump cuts taxes for the rich and then spends more than we have.

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    Quote Originally Posted by jet57 View Post
    You still don’t know what a lord is eh?

    Read what I’m posting: Trump cuts taxes for the rich and then spends more than we have.
    Trump cut taxes on tax payers. The rich just so happen to pay most of the taxes. The bottom 47% pay almost nothing, so of course a tax cut doesn't affect them directly (they benefit from the stronger economy).

    The problem is spending.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by jet57 View Post
    You still don’t know what a lord is eh?

    Read what I’m posting: Trump cuts taxes for the rich and then spends more than we have.
    Trump cut taxes for everybody who pays them, and revenues are up. What part of, "revenues are up", are you having trouble with?
    Cutesy Time is OVER

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    Quote Originally Posted by jet57 View Post
    He reduces revenue and then spends more than we have.

    Sure - spending IS the problem.
    He increased revenues. He beat inflation. There is nothing you can do other than make an obvious error like you did when you said he reduced revenues. Or was that an intended lie?

    Now. You also know that the House has the power of the purse which means that they control spending.
    The House creates the budget. The impeachment is all about the House screaming that they spend the money and Trump can't stop it!

    Please try again.

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    Quote Originally Posted by jet57 View Post
    You should ask Trump:
    Spending is controlled by the House. Did you know that? The Dems control the House. Next.
    Liberals are a clear and present danger to our nation
    Pick your enemies carefully.






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    Quote Originally Posted by jet57 View Post
    He reduces revenue and then spends more than we have.

    Sure - spending IS the problem.
    I guess you didn't read the part about revenues increasing. You almost made it through the thread.
    Liberals are a clear and present danger to our nation
    Pick your enemies carefully.






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