Come on in! Join Pinterest only takes like a second or so.

More like this: mocha, washington and calendar.
Visit Site
Mercatus Center
Mercatus Center • 2 years ago

"Antony Davies examines 50 years of economic data and finds that regardless of tax rates, the percentage of GDP that the government collects has remained relatively constant. In other words, no matter how high government sets tax rates, the government gets about the same portion. According to Davies, if we're concerned about balancing the budget, we should worry less about raising tax revenue and more about growing the economy. The recipe for growth? Lower tax rates and a simplified tax code."

Related Pins

The federal budget by the calendar.

we can now be taxed on anything the government wants to force on us. WOW!

Are Corporations People? Many say we should raise the corporate income tax as a way to tax the rich, or the so-called “1%”. But Prof. Horwitz says taxing corporations means taxing everyone that comprises it, not just the rich.

Many have suggested raising taxes on the rich to cover the difference between what the government collected in revenue and what it spent. Is that a realistic solution?

Oops: Obama Pays Lower Tax Rate Than His Secretary