boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
- 59,439
- 24,109
- 2,290
No it's not. It's skewed for a unique labor segment.
Here's the real statistically valid result:
That is not a statistically valid result. A statistically valid study isolates variables to test which are robust. It does not automatically accept correlation as causation. That is anti-science.
So post any empirical study, or any reference to any study, that concludes lower income tax rates in this country generate enough economic growth to offset the lost tax revenues. Just one. Any one. I have seen such studies for corporate tax rates, for resource royalty rates, and for income taxes in countries with a high level of tax evasion, but I have never seen one for US income tax rates. All the ones I have seen imply or conclude that that rate is high.
It's statistically valid as it represents the Entire U.S. GDP and federal tax receipts.
If, as the statist whackjobs claim, behavior is not affected by tax rates, then as rates increase with the same level of GDP, total tax receipts should increase. The EMPIRICAL DATA shows that this has not occurred.