Taxes Have Consequences Format: Hardback
Language: English
Published by Simon and Schuster, 2022
- Hardcover
- New
Seller: INDOO, Avenel, NJ, U.S.A.INDOO
AbeBooks seller since August 9, 2004
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Add to basketSeller Inventory # 9781637585641
- Title
- Taxes Have Consequences Format: Hardback
- Author
- Arthur B Laffer, Jeanne Cairns Sinquefield, Brian Domitrovic
- Publisher
- Simon and Schuster
- Publication year
- 2022
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1637585640
- ISBN 13
- 9781637585641
The definitive history of the effect of the income tax on the economy.
Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income streams. Huge declines have come to the economy in these circumstances. The most brutal example was the Great Depression itself. When the top tax rate has been cut and held at reduced levels--as in the 1920s, the 1960s, in the long boom of the 1980s and 1990s, and briefly in the late 2010s--astonishing reversals have occurred. The rich have brought their money out of hiding and put it to work in the economy. The huge swings in the American economy since 1913 have had an inverse relationship to income tax rates.
"Synopsis" may belong to another edition of this title.
About the Author
Brian Domitrovic is the author of five books, including the landmark history of supply-side economics Econoclasts.
Jeanne Cairns Sinquefield helped pioneer index-fund investing as executive vice president and head of trading at Dimensional Fund Advisors.
"About the title" may belong to another edition of this title.
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