Rates vs Revenue (Yes, It Matters)
by Admin on Mar.31, 2016, under Consequences, Do the Math, History, Truisms
The RATE is the percentage at which each of us is taxed. For example, 15% of your income is what you might pay in taxes (depending on your bracket). The REVENUE is the total amount of dollars collected by the government from all the tax payers.
It’s a cold, hard fact. When you raise government tax RATES, tax REVENUE goes down. Conversely, when you lower government tax RATES, the REVENUE goes up. Higher tax RATES impede the economy. Lower tax RATES energize the economy. And when the economy is doing well, more people are paying more taxes and it adds up to more REVENUE to the government.
So, if you want the government to be able to hand out more free stuff, you should go with the candidates who propose lowering tax RATES.
Did you know that Bernie is proposing to raise EVERYONE’s tax rate? We will definitely feel the bern.
