Forum Post: Higher USA debt as a result of lower Income taxes and its consequences
Posted 13 years ago on Nov. 1, 2011, 3:30 a.m. EST by thehawk
(5)
from Bunnik, UT
This content is user submitted and not an official statement
A question from an European:
While I was matching the tables of Income tax and the USA Debt I've come to the conclusion that when the income tax rate was lowered in the 80s the national debt of America grew significantly.
And as economists here know: a higher debt has A LOT of negatif consequences for the American people (higher interest rate is one of them).
So my first question is (before I can aks my second): Does the Income tax directly influence the National debt?
[Removed]
That's some bullshit and you obviously don't know it..
Ofcouse the entire truth isn't told, but that's never told. Even withing family deep and dark secrets lurk..