Anyone? Buehler?
There are two key points on the tax rate vs. revenue curve — tax rates of 0% generate zero revenue and tax rates of 100% generate zero revenue. There’s an optimum for society somewhere between those two points and it is usually in the 15% to 20% range — and that would be the TOTAL tax take from your town up to the Feds. We are WAY beyond that.
Of course, the discussion of what is optimal is totally moot because the socialists and communists want to use taxes to create mythical “fairness”. Their ultimate objective, of course, is to abolish private property ownership and have it all owned by the State, empirical evidence be damned. It’s all about their distorted view of “fairness.”
That was a dream from his commie father.