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Cicada

(4,533 posts)

6. Cutting taxes now means raising them in the future

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Oct 19, 2017, 06:08 PM

Oct 2017

Many economists view the economy as super rational. They think economic decisions discount lower current taxes against the corresponding drag from higher taxes later. Tax rates determine when we pay for government spending, now vs later, so a current tax cut isn’t really a reduction in costs. It just changes when the cost of taxes kick in.

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Theres little historical evidence that tax cuts actually pay off in boosting economic growth [View all] Yo_Mama_Been_Loggin Oct 2017 OP

How do they do that vodoo that they do do... HopeAgain Oct 2017 #1

Tax rates were high during the Ike years and the economy was booming. Kaleva Oct 2017 #2

These tax cuts are great boosts...for off-shore banks The Genealogist Oct 2017 #3

It's pretty simple. Tax rates don't change whether or not something is profitable unblock Oct 2017 #4

Tax Cuts for the wealthy/Trickle-Down doesn't work... TheDebbieDee Oct 2017 #5

Cutting taxes now means raising them in the future Cicada Oct 2017 #6

there's NONE. ZIP. ZILTCH. NADA. ZERO.... spanone Oct 2017 #7

Little Evidence? ProfessorGAC Oct 2017 #8

+1000 smirkymonkey Oct 2017 #9