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I never claimed it would. If you look at the historical data and acknowledge the facts regarding tax rates and revenue as a % of GDP, increasing tax rates will NOT result in revenue being a higher % of GDP. As the GDP goes up, revenue as a % of GDP goes up, as GDP goes down, revenue as a % of GDP goes down.I know you've been conditioned to believe that higher tax rates will result in additional revenue, it seems logical, but it's simply not true.
I never claimed it would. If you look at the historical data and acknowledge the facts regarding tax rates and revenue as a % of GDP, increasing tax rates will NOT result in revenue being a higher % of GDP. As the GDP goes up, revenue as a % of GDP goes up, as GDP goes down, revenue as a % of GDP goes down.
I know you've been conditioned to believe that higher tax rates will result in additional revenue, it seems logical, but it's simply not true.
