ZR900MAN wrote:
Hey fib, raising tax rates does not always give you more revenue. Example, if you you rase taxes to 99%, people will just quit working, there is a point of diminishing returns. Lower tax rates result in more revenue to the treasury because it encourages people to work and to not try to avoid paying a resonable tax rate. Most people are unwilling to pay a reasonable tax as long as they are getting a reasonable return on there labor or investment. Look up the revenue to the treaasury from 1981 till 1999,Regans term and you will see that revenue went from about 500,000,000,000 to 1,000,000,000,000 while tax rate were sharpley cut. Our defecit and debt problems in this country are not from a lack of taxes, they are from unrestrained spending from washinton eliters from both partys. We need to demand some self control from the losers in the capital.
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