December 9, 2005

Graph of the Day: Federal Tax Receipts–Voodoo, Schmoodoo

Filed under: Economy,MSM Biz/Other Bias,Taxes & Government — Tom @ 4:24 pm

How many times did we hear from the WORMs (Worn-Out Reactionary Media, referred to by most as The Mainstream Media) and tax-cut opponents that lowering marginal tax rates and the taxation of dividends and capital gains would reduce revenues coming in to the federal government?

Way, way too many, and they were all wrong. From TaxProf blog (HT Instapundit):

TaxReceipts

What the president’s father called “voodoo economics” IS almost like magic, isn’t it?

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1 Comment

  1. [...] gan-era or better growth. Nevertheless, given the rise in tax receipts cited yesterday and in this previous post that covers a much longer time period (HT for graph to TaxProf Blog), supply-side economic [...]

    Pingback by BizzyBlog.com » Bizzy’s AM Coffee Biz-Econ Analysis: Voodoo Schmoodoo — January 13, 2006 @ 10:22 am

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