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Well yes, your revenues will be around 18% of GDP more or less regardless of your tax rates.. the key is growing GDP.The argument that those who are in favor of tax hikes need to make is that an increase in tax rates will expand GDP, otherwise the argument makes little sense.
Well yes, your revenues will be around 18% of GDP more or less regardless of your tax rates.. the key is growing GDP.
The argument that those who are in favor of tax hikes need to make is that an increase in tax rates will expand GDP, otherwise the argument makes little sense.