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What people fail to understand its not tax RATES that are important. It's tax revenue. And over the whole history of the federal tax plan no matter what the rate we only collect 18 to 20% of GDP.
So the real issue is will GDP grow along with revenue? And if it does will the politicans restrain themselves THIS time and not increase spending as they have done each and every time we've had tax rate reductions and revenue increases. Demand they cut spending. |
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Payments to agents can no longer be deducted...
Can't wait until Hollywood and athletes figure out that they will be affected. And here I thought only the rich were benefiting?!?! |
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