The Disincentive of Higher Taxes

When Ireland drastically cut tax rates, tax revenues soared to levels never seen. Ireland collected _% more tax revenue out of corporate than America.

50%

In Ireland, a person on the dole deciding to accept a job, would see their income decline roughly what percent?

60%

A change in taxes causes consumers to change their what?

A change in taxes causes consumers to change their buying decisions

The federal personal income tax originated in what year?

The federal personal income tax originated in 1916

Why was the luxury tax eliminated?

The luxury tax was eliminated because the actual take for the federal government was almost nothing

What group is exempt to the laws of demand and supply?

There is no group that is exempt to the laws of demand and supply

Higher taxes cause a lower output, higher unemployment, and also ____ incentive for tax evasion.

greater

Higher taxes cause a lower output, ____ unemployment, and also greater incentive for tax evasion.

higher

Higher taxes cause a lower output, ____ _____, and also greater incentive for tax evasion.

higher unemployment

Do higher tax rates always mean higher tax revenues?

no

Higher taxes cause a lower ____, higher unemployment, and also greater incentive for tax evasion.

output

When Ireland drastically cut tax rates, tax revenues ___ to levels never seen. Ireland collected 50% more tax revenue out of corporate than America.

soared

When Ireland drastically cut tax rates, what happened to tax revenues?

soared to levels never seen

Higher taxes cause a lower output, higher unemployment, and also greater incentive for ____ ____.

tax evasion

Higher taxes cause a lower output, higher _____, and also greater incentive for tax evasion.

unemployment