Thread: The Clinton / Bush Recession
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Old 01-19-2007, 01:53 AM   #30 (permalink)
Jaxian
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Quote:
Originally Posted by Jefferson View Post
I know exactly what you're saying.

Now, here's what I'm saying: YOU'RE ONLY LOOKING AT A FRACTION OF THE PICTURE.

Who pays more taxes? The person who is paying 15% of $50,000 per year, or the person who is paying 10% of $100,000 per year? The answer? The person paying 10% in taxes.

Now, take that exact same principle times 1 billion - and you're starting to see the relevance to our national economy.

The FACT is that lower taxes stimulate economic growth. In other words, more income. Higher taxes stifle the economy. In other words, less income.

When companies lose money, they can't pay taxes - no matter how high the rate. When companies make money, they pay taxes.

And here's what you Democrats are never able to figure out: 100% taxation on zero dollars is still zero dollars. An economy CANNOT survive over-taxation.
I agree with all that you wrote here. However, I think that taxes have less of an effect than many seem to think, and I don't think they caused the recession in 2001.
-Jaxian