Yeah, theoretically, if people don’t alter their behavior to lower their tax burdens. Someone once sketched a curve on a napkin to illustrate the principle. It’s a simple and commonsense concept.
Send the 87,000 new IRS agents after drug dealers and coyotes who smuggle illegals across the border. Well, most of them. Leave a few of the new guys in the office to answer the phone when somebody calls. And open the mail, so you don’t have to shred 1099’s that you demand small businesses mail in.
Tax and spend
Still waiting for the government to cut spending…….
Gee, look at me, I forget to pay myself again, guess it takes some capital gains....
How about a 25% federal excise tax on small money transfers out of the country to discourage the hoards of illegals from sending money back home? How about tripling the fines for employers hiring illegals? How about a 25% federal excise tax on the purchase price of a vehicle and on car insurance for anyone not a US citizen or here on a green card and immediate deportation for any illegal not having car insurance on their vehicle. Shift the tax burden to the illegals and take care of two problems.
There is no such thing as raising the rate on corporations and making them pay, aside from the fact that it will hurt the economy, corporations don’t pay taxes, we do, all they will do is pass the increases on to the consumer.