More Basic Economics
Posted by taxguru on February 27, 2004
This is a good explanation of how damaging to the economy high tax rates are. Contrary to the static view of the economy espoused by so many people, tax rate changes do have very real and profound effects on economic behavior. Real life is a more dynamic situation with high tax rates acting as a direct disincentive to making money and low rates as a very powerful inducement for people to earn as much taxable income as possible.
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Tax Guru - Ker$tetter Letter 