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There is an optimal tax rate for the most government revenues. Whether that is 17% or not, I don't know, but it sounds about right. And your analogy is a good one: Retail stores that charge too much lose customers, while those that don't charge enough lose income. Finding the optimal profit margin is the key.So, how much is the real federal tax rate now? How does it compare to that 17% figure? Is that really the optimal rate? The mantra of the right wing seems to be, "lower taxes, and we'll automatically have more government revenues." Without knowing the optimal and current rates, that is just wishful thinking. They're looking for a free lunch just as much as the "tax the rich" manta of the left. Problem is, there is no free lunch.
There is an optimal tax rate for the most government revenues. Whether that is 17% or not, I don't know, but it sounds about right.
And your analogy is a good one: Retail stores that charge too much lose customers, while those that don't charge enough lose income. Finding the optimal profit margin is the key.
So, how much is the real federal tax rate now? How does it compare to that 17% figure? Is that really the optimal rate?
The mantra of the right wing seems to be, "lower taxes, and we'll automatically have more government revenues." Without knowing the optimal and current rates, that is just wishful thinking. They're looking for a free lunch just as much as the "tax the rich" manta of the left. Problem is, there is no free lunch.
