Summary of Arthur B. Laffer's Taxes Have Consequences / IRB Media (ePub)
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#1 Income taxes are a cost that reduces the amount of money suppliers receive for selling a product. This necessarily makes supply go down. A tax lowers...
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#1 Income taxes are a cost that reduces the amount of money suppliers receive for selling a product. This necessarily makes supply go down. A tax lowers a buyer's interest in buying, and the squeeze on profit margins from a tax makes producers sour on their own enterprises.
#2 The US income tax is an effective wealth tax that reduces supply and makes people lose interest in their own companies. It is a cost that reduces the amount of money suppliers receive for selling a product, and this necessarily makes supply go down.
#3 The focus on the top rate of the income tax and those subject to it, the richest people, is because these people are especially determined to avoid paying that top rate.
#4 The Sixteenth Amendment to the Constitution ratified in 1913, with its provision that Congress shall have power to lay and collect taxes on incomes, from whatever source derived, established the modern US income tax.
- Autor: IRB Media
- 2022, 90 Seiten, Englisch
- Verlag: IRB
- ISBN-10: 8350039337
- ISBN-13: 9798350039337
- Erscheinungsdatum: 07.10.2022
Abhängig von Bildschirmgrösse und eingestellter Schriftgrösse kann die Seitenzahl auf Ihrem Lesegerät variieren.
- Dateiformat: ePub
- Grösse: 1.23 MB
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