Did the Bush tax cuts really increase revenue?

[Warrior102]

Why wait?
Do you need the address to the U.S. Treasury? You can send a check today! Lead by example. I am sure everyone else who sees what you've done will break out the checkbook and send the government more money to blow it on senseless Presidential vacations and bailouts of GM

Have I given some indication that I'm not a rational actor? Like anyone else, I'm seeking to maximize my utility within the incentive structures and legal frameworks I navigate. The question these days seems to be whether that incentive structure is leading the nation in the aggregate toward a fiscal catastrophe. If so, the Obama tax cuts can't be allowed to stand, regardless of whether I'm personally happier with my tax burden with them in place.

The U.S. is in a fiscal catastrophe. Where are you living? Sweden?

 

[Steelplate]

Yep.... and if you get your way.. you'll have to sell your pride and joy bike to pay for that catastrophe... Congratulations... you guys are going to vote yourselves into the poorhouse, while The big boys sit back and laugh at your idiocy.

 

[Warrior102]

Yep.... and if you get your way.. you'll have to sell your pride and joy bike to pay for that catastrophe... Congratulations... you guys are going to vote yourselves into the poorhouse, while The big boys sit back and laugh at your idiocy.

I'll just move to Mexico or the Phillippines if this economic insanity persists.

 

[Greenbeard]

Can we get back to the facking OP question and stop the side chatter bickering? have the Bush tax cuts really increased revenue as in the tax cuts themselves being the main reason why revenue increased if it did increase?

We did pretty well with the pre-Obama tax cut rates.

 

[Steelplate]

Yep.... and if you get your way.. you'll have to sell your pride and joy bike to pay for that catastrophe... Congratulations... you guys are going to vote yourselves into the poorhouse, while The big boys sit back and laugh at your idiocy.

I'll just move to Mexico or the Phillippines if this economic insanity persists.

Well, it will be your own doing... so good riddance.

 

[peach174]

Do tax cuts ever "pay for themselves"? Rarely. - By Annie Lowrey - Slate Magazine


Most likely not since they don't pay for themselves and increases in revenue are affect by other factors.

Yes it did. The problem was they spent it just as fast as it was coming in.
They got voted out because of it and then Dem's did the same damn thing.

 

[Flaylo]

Can we get back to the facking OP question and stop the side chatter bickering? have the Bush tax cuts really increased revenue as in the tax cuts themselves being the main reason why revenue increased if it did increase?

We did pretty well with the pre-Obama tax cut rates.

Because of the Bush tax cuts or other factors?

 

[Greenbeard]

Because of the Bush tax cuts or other factors?

Sorry, I thought we were supposed to call those the Obama tax cuts now. I'm referring to the Clinton-era tax brackets, i.e. those that prevailed between the Omnibus Budget Reconciliation Act of 1993 and the Economic Growth and Tax Relief Reconciliation Act of 2001. Tax receipts as a percentage of GDP reached a higher peak then than at any point in the last 40 years (and probably more, I just haven't looked for a graph that goes back further than 1971).