... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income. Campbell R. McConnell
Some Similar Quotes
  1. Death, taxes and childbirth! There's never any convenient time for any of them. - Margaret Mitchell

  2. They're so broke that they've actually cut essential services. In many places, they've cut policemen, because, who the fuck needs them? Or firemen, son of a bitch, it's much more fun watching something burn down. - Lewis Black

  3. Life, Liberty, and the Pursuit of Happiness... but only when you pay your taxes? That means your freedom is rented, leased, & not unalienable. - Steve Maraboli

  4. The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling. - Paula Poundstone

  5. There are only two things worse then an empty canvas: death and taxes. - Anonymous

More Quotes By Campbell R. McConnell
  1. ... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because...

  2. Savings, remember, is the prerequisite of investment.

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