BUT tax cuts bring in more revenues right? *shaking head*
Yes actually that's exactly how it works. The more you tax the less of that something you will be selling.
Something you aren't comprehending in your little chart in this thread is that yes the cost of ownership of a vehicle is very high in europe. But that doesn't result in people getting better roads for their awesome new cars. They run around in crap cars or mopeds. You know why? Because the average person can't afford a real car in europe. They have been taxed out of being able to afford decent transportation.
If you shake your head hard enough maybe the cob webs will fall out. And then you can do something to make sure your three kids actually get to live better than the european's.
Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves
Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."
Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."
Bush OMB Director Nussle: "Some Say That [The Tax Cut] Was A Total Loss. Some Say They Totally Pay For Themselves. It's Neither Extreme."
Bush CEA Chairman Lazear: "As A General Rule, We Do Not Think Tax Cuts Pay For Themselves."
Bush Economic Adviser Viard: "Federal Revenue Is Lower Today Than It Would Have Been Without The Tax Cuts."
Bush Treasury Official Carroll: "We Do Not Think Tax Cuts Pay For Themselves."
Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."
Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."
Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."
Tax Foundation's Prante: "A Stretch" To Claim "Cutting Capital Gains Taxes Raises Tax Revenues."
Tax bills in 2009 at lowest level since 1950
Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950
Tax bills in 2009 at lowest level since 1950 - USATODAY.com