Ahh, we have to cut taxes to make more tax revenue. K. Let’s actually THINK about this concept.
I save $200 every paycheck under the new Quik83Z Superduper Fix America Economic Agenda.
I spend that $200 on hookers and cocaine.
The drug dealer and pimp then take that money and buy $200 worth of fur coats.
Jamal’s House o’ Furz then reports $200 extra worth of taxable income that they would not have, without your plan.
The fur coat cost Jamal $100, so he profited $100. After operating cost deductions, he’s actually paying taxes on $50 …for the sake of argument… 20%
Therefore, the government is getting back $10.
You’re telling me that this is going to INCREASE tax revenues?
Perhaps you can explain this math a little better to be. Cause I’m not getting it.
Not to mention that so many Americans are in debt right now that a LARGE percentage of any tax cut would be used to pay down debt, which does nothing to stimulate the economy.