Well, if our country ever gets off discussing whether Obama's birth certificate is real or whether his grades were up to par..... We might get back to discussing the economy... Listening to the pundits on both the republican and democrat sides, its pretty clear there is a lot of myths out their. So far: MYTH #1: "Income taxes are higher than ever"... Its already been shown on this board how tax rates were much higher in previous years... but here is an easy answer... THEY WEREN"T CALLED THE BUSH TAX INCREASES.... The bush tax cuts did exactly that.. cut taxes... so that makes rates lower now than before. MYTH #2: "Its been proven that decreasing tax rates increases tax revenue"... This myth seems to be generated by proponents of the LAFFER CURVE... which does predict that at ultra high taxation rates that revenue will decrease as taxpayers either stop economic activity or more likely find avenues to avoid paying taxes (such as barter)... However, the myth is that this is always the case. The Laffer curve is just that.. a curve. The other half of the curve predicts that if TAX RATES ARE TOO LOW, then REVENUES WILL DROP.. MYTH #3: Saw this one the other day... "if we tax those that create jobs then we will cut or stop economic growth"... Pretty good one... Except corporations such as mine pay taxes on PROFIT . Which is the money we have decided to keep rather than grow our businesses!... so income taxes fall on that money which the corp has already decided won't go toward growth!. Ironically, for bigger corporations, higher taxes can encourage growth.