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I said from my very first post on the subject that it was AROUND 18%, you just chose to ignore it because you need a strawman.Also, the high was 20.9%, not 21.9%.Now as to your premise that Higher Taxes = Greater Revenue... Is your above example supposed to prove that? You are assuming that the economy would have had the EXACT same growth regardless of tax rates... Are you going to now argue that higher taxes cannot hinder economic growth and lead to a smaller GDP? That $825 billion could have easily been wiped out due to slower economic growth as a result of excessive taxation. Of course, if you are planning to now argue that Tax Rates play no role in economic growth, then lets hear it.Additionally, how do you explain revenue increasing and decreasing as a % of GDP during periods where taxes remained unchanged (No increases and no decreases)? Your premise that Higher Taxes = Higher % of GDP is not supported by the empirical data, so exactly what do you claim as proof?
I said from my very first post on the subject that it was AROUND 18%, you just chose to ignore it because you need a strawman.
Also, the high was 20.9%, not 21.9%.
Now as to your premise that Higher Taxes = Greater Revenue... Is your above example supposed to prove that? You are assuming that the economy would have had the EXACT same growth regardless of tax rates... Are you going to now argue that higher taxes cannot hinder economic growth and lead to a smaller GDP? That $825 billion could have easily been wiped out due to slower economic growth as a result of excessive taxation. Of course, if you are planning to now argue that Tax Rates play no role in economic growth, then lets hear it.
Additionally, how do you explain revenue increasing and decreasing as a % of GDP during periods where taxes remained unchanged (No increases and no decreases)? Your premise that Higher Taxes = Higher % of GDP is not supported by the empirical data, so exactly what do you claim as proof?
