It can raise more revenues but we raise the budget more so it really doesn’t help us any when we’re going farther into debt.
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I would argue that it's a fluid point, optimal tax rate in relation to being just under or competitive in comparison with other countries. -
In addition, significantly lower tax rates bring businesses from other countries. I.e. Texas. Apply this to US.
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You need to constantly move the curve with the increase in income. I would assume 40% now, but really depends at what income level that 40% hits and how it grows to there. Needs to be worth it to reach higher income levels.
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Why pay taxes when you have the Fed is printing money. America spends far more then they bring in with taxes, par that with ever increasing money supply, meaning my tax dollars are worth less by the time they get it. Theories work when base on sound physics. House of cards
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Excellent analysis. The bigger dilemma is changing the mindset with many government officials to stop wasting tax dollars. Government waste is horrendous!
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The Laugher Curve
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the laughter curve? cuz it doesn't work, and was written on a napkin
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