The dollar amount of tax revenue seems far more likely to be a function of the size of the state’s economy than of its tax rates. This means that if you want more money to fund government services, you are better off looking to increase the state’s GDP than its tax rates.

Higher tax rates do not bring more revenue – American Experiment

The dollar amount of tax revenue seems far more likely to be a function of the size of the state’s economy than of its tax rates. This means that if you want more money to fund government services, you are better off looking to increase the state’s GDP than its tax rates.


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