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Tag Archives: Underground Economy
New Academic Study Confirms that Lower Tax Rates Are the Best Way to Reduce Tax Evasion
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When tax rates are punitive, folks earn and report less taxable income, and vice-versa. When tax rates increase, sometimes they engage in tax avoidance, lowering their [...]
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Also tagged 2012 Budget, Big Government, class warfare, congress, economics, economy, Federal Spending, Flat Tax, Government spending, Internal Revenue Service, IRS, Justice/Legal, news, Obama, Obamacare, politics, Tax Avoidance, Tax complexity, Tax Compliance, tax evasion, Tax Reform, taxation, taxes, unemployment
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