Quote:
Originally Posted by Robbie
Tony...is it your belief that the govt. raises taxes and that somehow prompts businesses to hire more people? I just don't see the connection between higher taxes and people getting jobs. What am I missing?
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Reagan boom time taxes were 50%
after ww2 boom time taxes were over 90%
During Clinton boom time taxes were over 39 percent
During Bush lowest tax rate in forever and employment was flat at best and they have stayed low and there is no hiring boom. so it kind of shits on the whole lower taxes creates jobs it doesnt.
if you are going to take money out of your business and you are going get hit hard by taxes, you will keep in and invest so you dont get hit with the taxes.