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This isn't true. To say Tax Rates go up lowers revenue, I'm assuming you think if Tax Rates go down, then revenue would go up? But during last tax cuts, Rate
by FrustratedMonky 4y ago
This isn't true. To say Tax Rates go up lowers revenue, I'm assuming you think if Tax Rates go down, then revenue would go up? But during last tax cuts, Rates went down, and Revenue also went down, there was NOT some increase in revenue because people somehow used their extra money more efficiently and thus generating more growth to tax on.
Anybody that thinks lowering taxes spurs growth and thus revenue, then what happens if taxes go to 0, shouldn't government revenue go to infinity. This whole, lowering taxes spurs the rick to create more growth is a false narrative.