A Comparison Of Tax Rates
Posted By: floppingaces      12/21/2012 1:06:32 PM
Flopping Aces, by johngalt
Original Article

As we near the so-called “Fiscal Cliff”, I feel it necessary to point out, again, that higher tax rates will lead to lower revenue for the federal government. Previously, I only had the words of various economists on my side, and re-iterated those words in defense of keeping the tax rates low. However, recently I worked to come up with a comparison showing how higher tax rates lead to lower revenues, and vice versa.