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wages up 3.2% year over year

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01-06-2019, 07:36 PM

Jim in CT

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Join Date: Jul 2008

Posts: 20,441

Quote:

Originally Posted by Pete F.

Historically growth in gdp since 1930 has been 4% higher when we had the highest tax brackets, but I’m not claiming high taxes cause economic growth. But it does spike the canon that high taxes reduce growth
Posted from my iPhone/Mobile device

Detbuch is right, what matters is the rates people effectively paid, not the gross rate before loopholes.

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