Quote:
Originally Posted by Flames Fan, Ph.D.
Because that captures your all important claim that lower taxes improve economic activity.
If you look at pure receipts, then the patter is the same but they went down strongly until 03 rather than 04, moved back up until 07 then dropped again.
Better? It still shows your claim was invalid.
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No it shows a quick turn around after 9/11. You don't seem to recall what happened to the economy as a result of 9/11. The recovery afterwards was remarkable. You can't look at the receipts in the year of a tax increase or decrease. It takes time for those things to work through the economy. My point is valid: Revenue increased with lower taxes.