Comment

New Nonpartisan Study Concludes Sanders' Economic Plan Increases Federal Debt by $18T

180
Wendell Zurkowitz ((slave to the waffle light))5/09/2016 12:04:56 pm PDT

re: #171 thedopefishlives

Come to think of it, decreasing tax rates would increase tax revenue in only one situation that I can imagine: If you are so brutally overtaxing people that they are actively leaving or avoiding your country, and by lowering the tax rate, you are encouraging people and/or businesses to migrate to your location. If your tax rates are already competitively low, you will see no such influx from lowering them further.

There is also the notion that if people are spending their time and effort at avoiding taxes rather than just earning more money, a tax cut might inspire them to hire another engineer rather than another tax accountant.