Politics and Money

[arizona1]

The higher tax rates are, the LESS money those who HAVE it put it to work in the economy.

Amazing how the economy survived during the 50s, 60s and 70s.

Gross Domestic Product - 61 Year Graph

Year Percent

1948 .. 10%
1949 .. -1%
1950 .. 10%
1951 .. 15%
1952 .. 6%
1953 .. 6%
1954 .. 0%
1955 .. 9%
1956 .. 5%
1957 .. 5%
1958 .. 1%
1959 .. 8%
1960 .. 4%
1961 .. 3%
1962 .. 8%
1963 .. 5%
1964 .. 7%
1965 .. 8%
1966 .. 10%
1967 .. 6%
1968 .. 9%
1969 .. 8%
1970 .. 5%
1971 .. 9%
1972 .. 10%
1973 .. 12%
1974 .. 8%
1975 .. 9%
1976 .. 11%
1977 .. 11%
1978 .. 13%
1979 .. 12%
1980 .. 9%
1981 .. 12%
1982 .. 4%
1983 .. 9%
1984 .. 11%
1985 .. 7%
1986 .. 6%
1987 .. 6%
1988 .. 8%
1989 .. 7%
1990 .. 6%
1991 .. 3%
1992 .. 6%
1993 .. 5%
1994 .. 6%
1995 .. 5%
1996 .. 6%
1997 .. 6%
1998 .. 5%
1999 .. 6%
2000 .. 6%
2001 .. 3%
2002 .. 3%
2003 .. 5%
2004 .. 7%
2005 .. 6%
2006 .. 6%
2007 .. 5%
2008 .. 3%
2009 .. -1%
2010 .. 5%


http://www.forecast-chart.com/graph-gdp-rate.html