On today's episode we examine the impacts of the so called "Tax the Rich" movement in American politics. It's an argument that has been going on since the 1920's and the basic justifications have not changed. Is there any evidence that lowering tax rates increases tax revenues? Preview: "The rich," higher-income taxpayers paid more — I repeat, MORE tax revenues into the federal treasury under the lower tax rates than they had under the previous higher tax rates. Buckle up for a wild ride!
On today's episode we examine the impacts of the so called "Tax the Rich" movement in American politics. It's an argument that has been going on since the 1920's and the basic justifications have not changed. Is there any evidence that lowering tax rates increases tax revenues? Preview: "The rich," higher-income taxpayers paid more — I repeat, MORE tax revenues into the federal treasury under the lower tax rates than they had under the previous higher tax rates. Buckle up for a wild ride!