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dkf

(37,305 posts)
3. Higher tax rates also don't correlate to higher revenue vs GDP.
Sat May 5, 2012, 09:11 AM
May 2012


http://blogs.marketwatch.com/fundmastery/2010/07/02/does-hiking-tax-rates-raise-more-revenue/

That is because higher tax rates change behavior.

Raising the top tax bracket to match spending at 25% of GDP is a pipe dream because no matter the top tax rate we've never gotten anywhere near 25%.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205

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