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USER COMMENTS BY “ UNPROTITABLE SERVANT ” |
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 1/3/13 6:23 PM |
| Unprotitable Servant | | Georgia | |  |  |
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Jim Lincoln wrote:
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excerpt from, Raising Top Tax Rates Is a Very Big Deal The article is based on fiction rather than fact. It based upon the fallacy that taxing is a zero sum game. Higher taxes equals more revenue and lower taxes bring less. It has been proven time and time again that the opposite is true. In the 20's they wanted to tax the wealth more to increase revenue, but a cabinet member noticed that as tax rates had risen, a larger percentage of money was switched into bonds and tax shelters. They lowered the rate and we know the rest as the roaring twenties. EVERY time taxes were lowered, revenue to the government went up and the amount of money the wealthiest actually paid increased. http://www.columbian.com/news/2012/sep/18/higher-tax-rates-dont-always-result-in-more-revenu/ |
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