Thursday, October 22, 2020

Sorry, Joe. Raising Tax Rates Will Not Generate More Revenue

Despite all the rhetoric from Democrats about raising tax rates to pay for this and that, it's just that. Rhetoric. Revenues are unaffected by changes in marginal rates for a very simple reason. People change their behavior when rates change. When rates fall, it doesn't pay you as much to try to avoid taxes. When rates increase, it does. 




No comments:

Post a Comment