Laffer, Arthur B.
Taxes Have Consequences: An Income Tax History of the United States
- ISBN 13:
- 9781637585641
- author:
- Laffer, Arthur B.
- format:
- Hardback
- publisher:
- Post Hill Press
- language:
- English
- Publication Year:
- 2022
- Pages:
- 440
- Dimensions:
- 23.6 x 15.2 x 3.8 centimetres (0
- Genre:
- Business, Economic History, Business,
- Condition:
- New
- Availability:
- Item usually sent within 5 working days
Description
The relationship between the US income tax and the economy has been a subject of fascination and debate. Since 1913, the top rate of the income tax has played a significant role in shaping the country's economic performance. When the top tax rate has been high, economic activity has often been curtailed, leading to significant declines in the economy. Conversely, when the top tax rate has been low, the economy has experienced remarkable reversals, with economic growth and prosperity returning. The impact of the income tax on the economy has been a recurring theme throughout American history. The Great Depression, for example, was exacerbated by high tax rates. In contrast, periods of lower tax rates have seen the economy flourish. This inverse relationship between tax rates and economic performance has been a consistent pattern. This book provides a comprehensive history of the income tax's effect on the US economy, exploring the key periods and events that have shaped the country's economic performance.
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