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Re: Can tax cuts increase tax revenue? 2

By: DGpeddler in POPE | Recommend this post (0)
Wed, 29 Feb 12 6:31 PM | 43 view(s)
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Msg. 52261 of 65535
(This msg. is a reply to 52257 by ribit)

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Re: Can tax cuts increase tax revenue? 2
By: ribit
in POPE
Wed, 29 Feb 12 2:49 PM
Msg. 52257 of 65535

snapits
...the laffer curve is no more than a chart like the one's businesses use to determine how to maximize their profits by either raising or lowering the price. If ya sell shoes for a penny a pair you will sell a lot of em, but ya won't make much. If ya sell em for a million dollars a pair you won't sell any and ya will make even less. Somewhere there is a happy balance between price and profit. Taxes are the same way.


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