How higher taxes actually generates Lower Tax Revenue
That's right, Higher taxes can actually produced less tax revenues as history has played out to show that. This is very clearly proven through the Laffer Curve. Keep in mind that taxes are collected every-time money changes hands, and if it doesn't change hands because the average citizen is paying too much in taxes, you end up with less tax revenues regardless of what tax brackets are set too. Video is by UCLA Professor of Economics Tim Groseclose Blog Article Published by Edmund Williams