7 hours ago
Monday, November 5, 2007
The 2002 Tax Cuts
Several years ago there was a push to make the 2002 tax cuts permanent. Already, the capital gains tax rate was cut to 15% for most taxpayers. Also, federal income taxes were cut significantly during this time period. Since then, the economy seems to have grown at a steady pace, only sliding towards (seeming) recession recently and although Wall Street currently has jitters in the mortgage market many areas of the country still enjoy steady job growth and low unemployment. What do you think is attributable to these signs of economic good health? Do you think it is the tax cuts or something else unforeseen? Why or why not?
Labels:
capital gains,
Federal Income Tax,
tax cuts,
tax rate,
unemployment,
Wall Street
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