Economic Collapse 2011?

[jpinpb]

I heard talk of possibly changing the estate tax retroactive for 2010. Might be a great year, unless they are successful in changing the law.

[Ash Housewares]

[quote=Aecetia]Raising tax rates lowers tax revenue. The government is going to end up imploding if they continue down this path…Time to get your head out of the sand.[/quote]

Or not. All evidence points to the US being well onto the left side of the laffer curve, where cuts in tax rates decrease revenue. Even the early 1980s (much higher) tax rates were on the left side of the curve, as the Reagan tax cuts decreased revenue.

The Congressional Budget Office estimated that extending the Bush tax cuts of 2001-2003 beyond 2010 would increase deficits by $1.8 trillion over the following decade:
http://www.cbo.gov/ftpdocs/78xx/doc7878/03-21-PresidentsBudget.pdf

Nice unbiased reporting by the WSJ, giving credit to Bush for the cuts, but calling their expiration Obama’s tax increase.

[Ash Housewares]

[quote=Aecetia]Raising tax rates lowers tax revenue. The government is going to end up imploding if they continue down this path…Time to get your head out of the sand.[/quote]

Or not. All evidence points to the US being well onto the left side of the laffer curve, where cuts in tax rates decrease revenue. Even the early 1980s (much higher) tax rates were on the left side of the curve, as the Reagan tax cuts decreased revenue.

The Congressional Budget Office estimated that extending the Bush tax cuts of 2001-2003 beyond 2010 would increase deficits by $1.8 trillion over the following decade:
http://www.cbo.gov/ftpdocs/78xx/doc7878/03-21-PresidentsBudget.pdf

Nice unbiased reporting by the WSJ, giving credit to Bush for the cuts, but calling their expiration Obama’s tax increase.

[Ash Housewares]

[quote=Aecetia]Raising tax rates lowers tax revenue. The government is going to end up imploding if they continue down this path…Time to get your head out of the sand.[/quote]

Or not. All evidence points to the US being well onto the left side of the laffer curve, where cuts in tax rates decrease revenue. Even the early 1980s (much higher) tax rates were on the left side of the curve, as the Reagan tax cuts decreased revenue.

The Congressional Budget Office estimated that extending the Bush tax cuts of 2001-2003 beyond 2010 would increase deficits by $1.8 trillion over the following decade:
http://www.cbo.gov/ftpdocs/78xx/doc7878/03-21-PresidentsBudget.pdf

Nice unbiased reporting by the WSJ, giving credit to Bush for the cuts, but calling their expiration Obama’s tax increase.

[Ash Housewares]

[quote=Aecetia]Raising tax rates lowers tax revenue. The government is going to end up imploding if they continue down this path…Time to get your head out of the sand.[/quote]

Or not. All evidence points to the US being well onto the left side of the laffer curve, where cuts in tax rates decrease revenue. Even the early 1980s (much higher) tax rates were on the left side of the curve, as the Reagan tax cuts decreased revenue.

The Congressional Budget Office estimated that extending the Bush tax cuts of 2001-2003 beyond 2010 would increase deficits by $1.8 trillion over the following decade:
http://www.cbo.gov/ftpdocs/78xx/doc7878/03-21-PresidentsBudget.pdf

Nice unbiased reporting by the WSJ, giving credit to Bush for the cuts, but calling their expiration Obama’s tax increase.

[Ash Housewares]

[quote=Aecetia]Raising tax rates lowers tax revenue. The government is going to end up imploding if they continue down this path…Time to get your head out of the sand.[/quote]

Or not. All evidence points to the US being well onto the left side of the laffer curve, where cuts in tax rates decrease revenue. Even the early 1980s (much higher) tax rates were on the left side of the curve, as the Reagan tax cuts decreased revenue.

The Congressional Budget Office estimated that extending the Bush tax cuts of 2001-2003 beyond 2010 would increase deficits by $1.8 trillion over the following decade:
http://www.cbo.gov/ftpdocs/78xx/doc7878/03-21-PresidentsBudget.pdf

Nice unbiased reporting by the WSJ, giving credit to Bush for the cuts, but calling their expiration Obama’s tax increase.

[Aecetia]

The rich will be able to protect their money. The middle class will not. Tax increases will not help the economy. The poor do not pay Federal Income Taxes. Keep blaming Bush. You can blame Bush when European socialism collapses. That will be his legacy.

[Aecetia]

The rich will be able to protect their money. The middle class will not. Tax increases will not help the economy. The poor do not pay Federal Income Taxes. Keep blaming Bush. You can blame Bush when European socialism collapses. That will be his legacy.

[Aecetia]

The rich will be able to protect their money. The middle class will not. Tax increases will not help the economy. The poor do not pay Federal Income Taxes. Keep blaming Bush. You can blame Bush when European socialism collapses. That will be his legacy.

[Aecetia]

The rich will be able to protect their money. The middle class will not. Tax increases will not help the economy. The poor do not pay Federal Income Taxes. Keep blaming Bush. You can blame Bush when European socialism collapses. That will be his legacy.

[Aecetia]

The rich will be able to protect their money. The middle class will not. Tax increases will not help the economy. The poor do not pay Federal Income Taxes. Keep blaming Bush. You can blame Bush when European socialism collapses. That will be his legacy.

[LarryTheRenter]

2010 – A good year to teach my grandparents skydiving…what do you think?

Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..

[LarryTheRenter]

2010 – A good year to teach my grandparents skydiving…what do you think?

Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..

[LarryTheRenter]

2010 – A good year to teach my grandparents skydiving…what do you think?

Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..

[LarryTheRenter]

2010 – A good year to teach my grandparents skydiving…what do you think?

Maybe scuba diving or sightseeing in Pakistan while wearing an American flag T-shirt…..

[Author]

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