Kasz216 on 19 July 2011
Also, the problem isn't tax cuts recently....
it's tax evasion and just well tax loss.
With things as they are, tax revenue is expected to be 20.8% of GDP in 2021.
When things go bad...
A) more individuals evade paying taxes...
B) The rich lose more money as a hard cap number. Which is why the gini coefficent drops during bad economic times.
The rich are taxed at a higher percentage, so actually there is incentive to have more rich people to pay the government more money. (Which is an awful incentive to have.)
