evan43 Wrote:
Oct 03, 2012 5:22 PM
Yes, in the 20s the rich paid a higher percentage of the pie with lower taxes rates but this is only because lower taxes on the wealthy spurs economic growth in a fashion that results in MASSIVE income inequality. Tax the rich less, economy grows, but not in the way that works for everyone. So yes, revenue may go up, but only because the rich pay more because they make WAY more while middle and low class incomes remain stagnant. http://oneutah.org/wp-content/uploads/2010/12/income_share_chart.gif