Adjusting for inflation and population growth, the supposedly horrible 70s produced an increase in tax revenue per person of 25%. The Clinton 90s produced growth of 40%. In fact, Reagan produced the slowest growth in tax revenue [18%] of any decade since World War II.
FATALITY
3 comments:
Flawless.
It's really funny if you're used to accounting notation and you think it means negative 18%
Funny indeed, Tony! That would be a real spine-ripper. (Though in my experience accountants use parentheses and not square brackets.)
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