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Whenever the US has lowered taxes.....increase in Gov receipts have happened.
Even JFK lowered taxes and receipts soared......
Reagan did the same thing.....except spending exploding even more.
Trump tax cuts caused the US to explode as well...offset by increase in spending.
With Gov receipts and the economy grew under all Presidents that have cut taxes.
You see....the private sector knows how to spend monies better than the Gov.
Simple truth.....
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they might also get a boost when they raise the taxes as people sell early to pay the lower rates
musk might be selling by year-end....maybe waiting till he gets out of the california taxes on his sale of about 28billion worth of stock...his employees will also be selling by year end
calif might be missing their cut from some of these companies that moved out...no problem though as they are the 5th largest economy in the world and won't miss it
The combined state and federal capital gains tax rate in California would rise from the current 37.1 percent to 56.7 percent under President Biden’s American Families Plan, according to a new study from the Tax Foundation.
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I am here to meet girls.
Simple truth.
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^^^^^^^
Psssst you must have missed them.
They are in aisle 1-100000000
This is aisle 1000000001.
Carry on.
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Someone has to pay for all of those reparations
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