(08-03-2018, 08:32 AM)mikesez Wrote:

(08-03-2018, 08:08 AM)Gettin\ Jaggy with it Wrote:
It is an absolute economic principle that there is a point of diminishing returns in regards to the impact tax cuts would have on tax revenue. This principle is illustrated by the Laffer Curve that you referenced. The Laffer Curve contradicts your earlier point that there is an absolute principle that tax cuts increase tax revenues. I think that that is the crux of the argument you and mikesez are having. At what point does lowering the tax rate decrease rather than increase tax revenues? Due to the myriad of factors that can affect the economy's health, and thus impacting tax revenues, accurately predicting that point is difficult. I would think that we may be approaching that point, based on recent data, but it will take awhile to be able to truly gauge the long term impacts.

Exactly.  Thank you.