Quote:
Originally Posted by hardflex
so if we cut taxes to .000001% the govt would be inundated with money. Who would be against that?
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It doesn't work in the extremes. How about a 99% tax? Would that flood the government coffers with money?
If you simply look at the IRS receipt numbers and match up with tax increases and cuts, you will see that less tax burden on businesses and individuals increases tax receipts. You could also take a look at almost any nation or economic "zone" that has reduced tax burdens and you will see economic growth and tax receipt growth.
Best,
Kurt