Some wingers claims that tax increases enacted in 1993 didn't work because raising taxes almost NEVER increases revenue and other wingers claim that the Internet bubble, not the tax increases, was responsible for the revenue increase. The Internet Bubble began in 1995 and therefore cannot account for the early increases.
The basic revenue data can be found here and I've made two graphs to show how the increases worked for both individual and corporate tax revenue.
Wednesday, December 29, 2010
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