kaz
Diamond Member
- Dec 1, 2010
- 78,025
- 22,327
Who says? Why? Less is more?
Ten percent is the rate that has been shown through history that when taxes are at or below that rate, people feel that the taxes they pay are fair. There is very little tax evasion and people do not make decisions based on taxes. Every empire in the history of man arose with rates at 10% or less. Every empire fell with them higher. Interestingly the bible also picks 10% as the rate of tithing. I am not religious, I'm not arguing it's a "because the bible says" thing. I'm just saying that for some reason 10% if considered fair in our basic makeup.
So in fact, government revenue peaks at 10%. Lower, government is "leaving money on the table." People would pay more. Increasing taxes above that does not raise revenue because people just work that much harder to not pay them. And their efforts to evade taxes harm the economy. You want people investing and spending freely.
If this is a serious question, here's a great book by Charles Adams that retells history and the rise and fall of empires through their tax policy and how it directly drove their success and failures. The book is, "For Good and Evil: The Impact of Taxes on the Course of Civilization."
[ame=http://www.amazon.com/For-Good-Evil-Impact-Civilization/dp/1568332351]For Good and Evil: The Impact of Taxes on the Course of Civilization: Charles Adams: 9781568332352: Amazon.com: Books[/ame]
The book is fascinating.
"If this is a serious question, here's a great book by Charles Adams that retells history and the rise and fall of empires through their tax policy and how it directly drove their success and failures. The book is, "For Good and Evil: The Impact of Taxes on the Course of Civilization.""
TALKING ABOUT BLACK AND WHITE THINKING HUH? lol
Talk about talking out of your ass about a book you haven't read regarding a post you didn't understand.