@cmuratori How does that change what I said about the government expanding under tax increases? Of course they suffer when it lowers.
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Replying to @GMShivers
@GMShivers You said they "expanded their spending by more than the tax revenue". If that were true, the debt would increase.3 replies 0 retweets 0 likes -
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Replying to @GMShivers
@GMShivers Finding non-percentage graphs is hard because the resolution is of course too low prior to the 1970s (http://en.wikipedia.org/wiki/File:US_Debt_Trend.svg …)1 reply 0 retweets 0 likes -
Replying to @cmuratori
@cmuratori http://4.bp.blogspot.com/_dZJ6SFB1ecE/TRedd62xZmI/AAAAAAAAEfc/MCRLiRmyVN0/s400/Tax+Rates+vs+revenues.jpg …2 replies 0 retweets 0 likes -
Replying to @GMShivers
@GMShivers I am having trouble reproducing this chart - federal income tax revenue has never been anywhere close to 20% GDP AFAIK.2 replies 0 retweets 0 likes -
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Replying to @GMShivers2 replies 0 retweets 0 likes
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Replying to @cmuratori
@GMShivers Maybe they are talking about combined personal and corporate, I guess? What are they taking as the "top marginal" then?2 replies 0 retweets 0 likes -
Replying to @cmuratori
@cmuratori They're talking about marginal tax rates vs total tax revenue stability. :)1 reply 0 retweets 1 like
@GMShivers Marginal tax rates _on who_ and _for who_. For example, state+federal or just federal? Individuals or corporations or both?
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