Progressive Taxes

Dan Mitchell on The Laffer Curve, Tax Progressivity, and Government Revenue. Alternate Headline: Why We Like the Flat Tax

This was originally posted at International Liberty. The follow-up, “Now the White House Wants to Raise Taxes without Congressional Approval!?!?” will be posted here tomorrow.

On the issue of so-called progressive taxation, our left-wing friends have conflicting goals. Some of them want to maximize tax revenue in order to finance ever-bigger government.

But others are much more motivated by a desire to punish success. They want high tax rates on the “rich” even if the government collects less revenue.

Some of them simply pretend there isn’t a conflict, as you might imagine. They childishly assert that the Laffer Curve doesn’t exist and that upper-income taxpayers are fiscal pinatas, capable of generating never-ending amounts of tax revenue.


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