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TOPIC: Politics--Who_Cares
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"that there are "serious difficulties with the argument that the organized venture capital industry has grown in the last decade because of reduced taxes on the investing public."

Do you understand what that means? I don't think you do..

Pittsburgh PA
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"Lol, we're discussing whether a 1997 tax cut brought about the technology boom and you cite a paper written a decade earlier, in the 80's. Smart move. "

It's DIRECTLY about cap gains and VC.. Try providing a SOURCE dipshit.

Pittsburgh PA
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"Yep - look at the increases fall from 1994 until the TAX CUT of 1997!! "

The revenue growth rate the first year after the tax hike (FY 1994), was higher than any other year except for the high point of the dot com boom, 2000. Are you seriously suggesting that the 1997 reduction in cap gains taxes fueled the technology boom? Or that a '97 tax rate reduction increased tax revenues throughout the decade? Or that the tax rate increase in '93 did not, in fact, result in higher revenue collections?

Belle Chasse LA
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"From MIT - not from a 'friend' nber . org/chapters/c10945 . pdf"

Lol, we're discussing whether a 1997 tax cut brought about the technology boom and you cite a paper written a decade earlier, in the 80's. Smart move.

But you really ought to read more than the headlines and actually understand something before citing it; your MIT paper actually agrees with me, not you, that there are "serious difficulties with the argument that the organized venture capital industry has grown in the last decade because of reduced taxes on the investing public."

BTW, you can find the same venture capital stats that I cited earlier (from my friend at Reuters), on the National Venture Capital Association's website. nvca. org/index.php?option=com_docman&task=doc_download&gid=579

Belle Chasse LA
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Doesn't a flat tax also include a national sales tax?

Pittsburgh PA
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Mickey,

"But Clinton was not wasteing Billions of dollars either like uhh Billion to Soros to drill in other countrys after shutting down our off shore drilling and Billions to other Countrys who hate our guts,,,BIG DIFERENCE.."

Mickey, you are a oil rig grunt. If all the work that was available to you was overseas in those so-called enemy countries you would take you broke, happy to have a job there too. And don't tell me you woldn't becasue I know quite a few construction workers who went to Kuwait after the US drove Iraq out. Those simple idiots were willing to possibly be abducted and beheaded because they didn't have to pay Fed taxes on the first 80 grand they made. They thought it was worth it. Do you?

I'm thinking after you do your two week on two week off from the rigs you take more from the Feds on the side on your "side business." Do you claim all the revenue you and Bubba make from shrimping and crawldads? Just asking Forest...

Pittsburgh PA
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"PEOPLE: A FLAT TAX would solve the debate. A larger economy would bring in more tax revenue."

So what would happen if the rich folks decided it wasn't fair to them and decided to quit buyng or investing?

Would the collective poor be able to fill the lost revenue?

Pittsburgh PA
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capital gains rates do influence VC, but there are more factors such as supply and demand.

Pittsburgh PA
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From MIT - not from a 'friend'

nber . org/chapters/c10945 . pdf

Pittsburgh PA
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"1994 1,258,566 9.03% 1995 1,351,790 7.41% 1996 1,453,053 7.49% 1997 1,579,232 8.68% 1998 1,721,728 9.02% 1999 1,827,452 6.14% 2000 2,025,191 10.82% 2001 1,991,082 -1.68%

Yep - look at the increases fall from 1994 until the TAX CUT of 1997!!

Pittsburgh PA
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TOPIC: Politics--Who Cares
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