(11-17-2024, 09:36 AM)mikesez Wrote:

(11-16-2024, 11:41 PM)Jag149 Wrote: LOL. You are mistaken. Yes it did they even referenced it on CNBC a couple weeks ago. At the end of the Obama term we were running  1% GNP,we had a sluggish economy. We had one of the highest corporate tax rate in the world st 35%. Our multinational companies were keeping their capital overseas and expanding where the rates were lower.  He cut rates to 21%, capital flowed into the country our GNP averaged 2.6% Voila !  More GNP more taxes.

Now reducing it further? To have an opinion I would need to do some thinking. Neither Obama of Biden have ever been in the business world.

The results were great for the people as well

Obama
GDP growth: 1.0%
Poverty rate: 14.00%
Real disposable income per capita: $42,914

Trump
GDP growth: 2.6% - increased 1.6%
Poverty rate: 11.90% - reduced 2.1%
Real disposable income per capita: $48,286

Biden
GDP growth: 2.6% - same
Poverty rate: 12.80% - increased
Real disposable income per capita: $46,682 - fell

Those facts don't contradict the facts on the graph. The top marginal rate and government revenue as a percentage of GDP are both percentages, but they are totally different indicators.

First.
I replied to copycat that his memory was right revenue did go up. You, replied to my post with one word "wrong" which in this case was what you were. revenue did go up.

Second the graph is a distraction from the initial post of this string. The first words were "Not a thing. Everything is going great. Don't mess with it." That is far from the truth. We do have quite a few problems that needs action. Look back at the stats and data I posted.  We have a spending problem not a revenue problem.

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