/——/ Like a ping pong ball tossed against a brick wall, facts can not penetrate a libtards closed mind. So for the 101st time since 2002:
Tax Cuts Increase Federal Revenues
Typical ******* zealot, would rather fall for a propaganda piece than look at the data for themselves. Always have to have someone else telling you what to think.
Lets look at the actual data, if you have the balls to do so.
Here are the actual numbers, not opinion, not propaganda, but pure, cold hard facts.
The 5 years leading up the Reagan tax cuts tax revenue increased at a rate of 15% per year. The 5 years after the tax cut revenue increased at a rate of 6%.
So, while it is true that revenue still went up, there is no denying it went up at a slower rate after the tax cuts. The numbers do not lie, even if you do.
[TABLE="class: brtb_item_table"][TBODY][TR][TD]Year[/TD][TD]Tax Revenue in billions[/TD][TD]Amount of change in billions[/TD][TD]Percent of change[/TD][/TR]
[TR][TD]1977[/TD][TD]356[/TD][TD]+ 58[/TD][TD]19%[/TD][/TR]
[TR][TD]1978[/TD][TD]399[/TD][TD]+ 43[/TD][TD]12%[/TD][/TR]
[TR][TD]1979[/TD][TD]463[/TD][TD]+ 64[/TD][TD]16%[/TD][/TR]
[TR][TD]1980[/TD][TD]517[/TD][TD]+ 54[/TD][TD]12%[/TD][/TR]
[TR][TD]1981[/TD][TD]599[/TD][TD]+ 82[/TD][TD]16%[/TD][/TR]
[TR][TD]1982[/TD][TD]618[/TD][TD]+ 19[/TD][TD]3%[/TD][/TR]
[TR][TD]1983[/TD][TD]601[/TD][TD]- 17[/TD][TD]-3%[/TD][/TR]
[TR][TD]1984[/TD][TD]666[/TD][TD]+ 65[/TD][TD]11%[/TD][/TR]
[TR][TD]1985[/TD][TD]734[/TD][TD]+ 68[/TD][TD]10%[/TD][/TR]
[TR][TD]1986[/TD][TD]796[/TD][TD]+ 62[/TD][TD] 8%[/TD][/TR][/TBODY][/TABLE]
I am not going to build another table, but in the 5 years prior to the Bush II tax cut revenue increased at a rate of 7% per year and the 5 years after it increased at a rate of 4% per year.
The cold, hard fact that nobody on this forum can deny is that revenue increases slow after tax cuts, the numbers do not lie.