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