Re:USA Facts – Federal, state, and local data from governmen...
by Tloewald on Tuesday April 18, 2017 @06:50PM
(#14143743)
You presuppose governments just spend what they get, no-one benefits in any way, and tax rates have no impact at the margins. You're so completely off the mark I don't know where to start.
It's fine to be cynical about rich people avoiding tax and the benefit of government programs, but you need to understand what you're being cynical about. The fact is that tax cuts do reduce revenue so having higher taxes clearly did something.
Sorry if that wasn't clear enough. What I originally said is very different than how you understood it. Even in your case though, you assume government spending stays the same. But it doesn't. As government rev. increases, you can bet they will spend their new money as fast as they can. No matter if the additional revenue is coming from lower or upper brackets.