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Completely agree, was also going to point out the same thing. Comparing the top tax bracket next to GDP growth is just a very bad comparison to say the least. T
by newguy1234 7y ago
Completely agree, was also going to point out the same thing. Comparing the top tax bracket next to GDP growth is just a very bad comparison to say the least. The tax reforms over the years distort it so much that the comparison is effectively useless.
If anything, the only thing it does show is that the people using that metric (top tax bracket vs GDP growth rate) don't really understand how the tax system has changed over the decades.
It also clearly shows why you need to have a full and complete understanding of tax reforms/laws over the decades to really be able to debate the issue effectively. Most people seem to only have an understanding from google searches or news articles. It is no surprise that politicians use this ignorance to their advantage.