Friday, January 25, 2008

Are taxes a threat to prosperity?

Arthur Laffer has a very intersting piece in today's Wall Street Journal, The Tax Threat to Prosperity.
Mr. Laffer uses hard data and statistical research to prove that:
  • lower marginal tax rates (taxes for the highest-earners) result in bigger tax revenues
  • lower rates for the smaller tax brackets have the opposite result - smaller tax revenues

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