Quote:
Originally Posted by TheDoc
We've had way higher taxes before and they collected a much higher percentage of the money. And they didn't collect less with the "higher" rates under Clinton - which is what we are returning to.
I think you may want to read up on some history.
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"""Moreover, according to the FY 1997 Clinton budget submission, individual income tax revenues as a share of GDP will be lower during the first four years of the Clinton tax increase, which include the effects of the 1990 tax increase, than under the last four years of the Reagan tax changes"""