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re: Tax revenues hit all time high for FY 2014
Posted on 8/15/14 at 3:12 pm to Powerman
Posted on 8/15/14 at 3:12 pm to Powerman
Short term revenue will increase but long term it will decrease as higher rates drive companies overseas and people have less money to spend, which slows consumption and economic growth.
Tax cuts decrease revenue short term but gain revenue long term due to people having more money to spend, increasing consumption and economic growth
Tax cuts decrease revenue short term but gain revenue long term due to people having more money to spend, increasing consumption and economic growth
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