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| *Loan,banking and credit>>>tax revenue |
Which is better, higher taxes or higher tax revenues and are they synonymous? |
I have always heard that lower taxes create higher tax revenues and lower unemployment rates and this does seem to be the case. In April this year, the IRS collected the most money it has ever collected in history, both in terms of actual dollars and percent of the GDP. The reason is simple to anyone who is willing to be intellectually honest...tax cuts have caused this. Lower taxes ALWAYS = better economy = more people working = more people spending money = more people starting businesses = MORE TAXES BEING COLLECTED. But if the Libs wish to continue their blatent dishonesty with themselves and everyone else and call for tax hikes (the rollback of the Bush tax cuts would be exactly that, make no mistake about it), we will see the economic recession follow closely. The two are opposites. Lower taxes means more money in the economy. This means more revenue into the government. It has worked recently. It is true. It is the case. It happens because when people have more of their money to spend, they will spend it. Stores and businesses get more revenue and more taxes are paid all around, but in smaller increments. Neither one. What is best is oversight on spending and cutting the fat out of the government budget. Next, take back the tax cuts for the wealthy. No president in history ever cut taxes during a war.....except for the current idiot. Then, get rid of that overblown IRS completely (a 7 billion dollar a year fiasco), impose a flat tax with NO LOOPHOLES and make sure every person, company, corporation pays it - based on GROSS INCOME, not net income. none take a look at what jimmy carter did by raising taxes as well Clinton everyone stopped buying stuff and less money on your paycheck. well... it's really a bit of voodoo economics... first off... tax revenues ALMOST ALWAYS ARE RECORDS... as the economy is constantly growing... basically every president has had record revenues, but many have differing philosophies on taxation... so clearly, one may not be a result of the other (tax cut=tax record income) if you cut taxes to 0... will you have all time record revenue? according to your theory, you would... but granted, some cuts can spur revenue to some degrees, but I don't think it's as simple as cuts always equal record revenue... if that were so, every country would always cut taxes... it's a grossly naive statement to make to say that it's always a good thing to cut taxes... |
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