98.2%

Rick define "Regular Status"

Since you pay NO taxes.You owe me big time.

So pay up Methuselah...

Rick,,,

FYI..

after the Bush tax cuts there were RECORD tax receipts for the Govt.

"The Laffer Curve"

The Laffer curve is a graphical representation of tax revenue as a function of the tax rate. It is named after Arthur Laffer, an influential economist behind the tax cuts of President Ronald Reagan.

The Laffer curve shows that tax revenue is zero when the tax rate is zero percent, but that tax revenue also falls to zero when the tax rate reaches 100 percent, as people increasingly shift to nontaxable income, tax shelters, tax evasion, and leisure. At some tax rate between zero and 100 percent, the government collects maximum tax revenue. For a government that seeks to maximize tax revenue, this is the optimum tax rate. When the tax rate is below the optimum, the government can increase tax revenue by increasing the tax rate; but when the tax rate is above the optimum, the government can increase tax revenue only by decreasing the tax rate. This is a specific application of the general economic principle of changing marginal rates of substitution, in this case, of the substitution for alternatives to earning taxable income.

President John F. Kennedy explained the principle behind the Laffer curve in his address to the Economic Club of New York on December 14, 1962:

“ In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.[1] ”

Few economists dispute the general principle of the Laffer curve..

This is why the Democrats killed Kennedy.



The Laffer Curve is outdated and far too simplistic in a global economy.

Sinatra killed Kennedy cuz he left Marlyn sloppy and stuff...

^ yes we want normal not quite so Marxist globalism again........


WOO HOO!!!!

Is there any room on your frontrunner coatails HD, I want in.

Sadly he won't leave office until Jan,2013. So,it's actually 2 more years

Really? And it didn't bother you that your a-hole pals in Congress passed a health care "reform" law where they told us we couldn't know what was in the bill until we let them pass it?

:-k