churchill,
you’re lacking on some basic economic theory. study the laffer curve (in case you didn’t know, it’s what regans voo-doo economics took a little piece of).
if the tax rate is 1% and you reduce it to zero, tax revenues will fall to zero.
if the tax rate is 99% and you increase it to 100%, tax revenues will fall to zero (as there is no reason to work).
between those two points there are many points and times where ADJUSTING the tax rate will increase or decrease tax revenues and it’s variable.
it is a FACT that lowering the tax rate does not necessarily increase tax revenues.
churchill, you’re lacking on some basic economic theory. study the laffer curve (in case you didn’t know, it’s what regans voo-doo economics took a little piece of).
if the tax rate is 1% and you reduce it to zero, tax revenues will fall to zero.
if the tax rate is 99% and you increase it to 100%, tax revenues will fall to zero (as there is no reason to work).
between those two points there are many points and times where ADJUSTING the tax rate will increase or decrease tax revenues and it’s variable.
it is a FACT that lowering the tax rate does not necessarily increase tax revenues.