--- In FairfieldLife@yahoogroups.com, [EMAIL PROTECTED] wrote: > > > In a message dated 11/30/05 12:02:42 P.M. Central Standard Time, > [EMAIL PROTECTED] writes: > > You still haven't proven it. You didn't even prove it for JFK and > Reagan, whose tax cuts were far greater, percentage-wise, than > Bush's. Also, over what time-period were these previous tax cuts > sucessful? > > > > > _The "Secret" JFK Tax Cuts_ > (http://209.157.64.200/focus/f-news/911868/posts) This might answer some of your questions >
"Apparently, it's fine for a Democratic President to push for tax cuts that will spur economic growth, but not for a Republican like Ronald Reagan, and now George W. Bush. To say that JFK's tax cut was any different is a blatant lie. In a way, Kennedy's tax cut could have benefited the rich even more. Any tax cut from rates as high as over 90% will have a much larger impact than a tax cut on tax rates from 20 through 50%. Bush only plans to reduce the top income tax rate from 39.6 to 33%. Kennedy cut taxes for the rich by one-third. Bush's income tax cut is only a one-sixth reduction. Additionally, Bush's tax cut would return less than 7 cents on each dollar earned, whereas Kennedy's tax cut returned 26 cents on each dollar. These are facts conveniently left out by Ted Kennedy and other Democrats - that Kennedy too drastically cut taxes for the rich, and that Reagan's tax cuts were across-the- board and caused tax revenue to increase. The evil Republicans' tax cuts even propose an end to the marriage penalty tax and the tax on Social Security benefits! " So, Bush's tax cut of about 10% on the highest wage earners has had the same impact as Kennedy's tax-cut of 30%? I agree that 94% is too high a tax rate. But what is NOT too high a tax rate? 10%? 20%? Etc? Does the term "point of diminishing returns" mean anything to you? ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
