Quote:
Originally Posted by Undertoad
It's more like an economic truism: at some point, higher tax rates lead to lower tax revenues.
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From that it should follow that lower tax rates should lead to higher tax revenues.
Which ain't happening here. Colorado dropped its tax rate from a high of 5% in 1999 to 4.6% from 2000 to present. Employers have not exactly been treating this as a new Colorado gold rush. According to data that just came out today, Colorado's unemployment is at a record high, a "seasonally adjusted" 9.1% The ACTUAL unemployment rate is 9.9% ! Recovery? What recovery?
03-10-2011, 08:18 PM
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