In response to:

If You Want to “Soak the Rich,” Keep Tax Rates Low

FletchforFreedom Wrote: Sep 27, 2012 10:58 AM
Instead of selecting sources that confirm your bias, try looking up the actual data from the Bureau of Labor Statustics (Smith was never credible in the first place). The BLS expressly acknowledges that total real compensation has risen dramatically. The chief driver of inflation has been healthcare costs which are overwhelmingly paid by third parties and via benefits. Absent that inflation, real wages have ALSO risen dramatically. Try doing some ACTUAL research.

I’ve pulled evidence from IRS publications to show that rich people paid a lot more to Uncle Sam after Reagan reduced the top tax rate from 70 percent to 28 percent.

 

But the Gipper wasn’t the only one to unleash the Laffer Curve. The United Kingdom saw similar dramatic results when Margaret Thatcher lowered the top tax rate from 83 percent to 40 percent. Allister Heath explains.

During the 1970s, when the tax...

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