Lower the Tax Rate – Get More Government Revenue

The Democrats have accused the tax cuts initiated by former President Trump as a “gift” to wealthy taxpayers. Little do they mention that 10% of all income taxpayers pay 70% of all income taxes. As of 2022, 40% of households paid no income tax. With those facts in mind, are the so-called wealthy not paying their “fair share”? 

Despite those facts, liberal Democrats put their blinders on and have been using it as their “battle cry” throughout the decades up till now, as they propose to increase the rates to get more revenue, especially against high income earners who they despise and demonize (ironically, the Democrats get much of their campaign contributions from them), in order to try to appeal to the larger base of voters who are considered middle-class and poor.

The Democrats keep trying to blame Trump for our burgeoning deficits by claiming that his tax rate rate cuts have benefited the rich, but upon closer scrutiny, all taxpayers, rich, middle-class, and some poor all benefited from Trump's tax rate cuts.

What the liberals (a/k/a Democrats) don't understand about economics is the principle of the “point of diminishing returns”.

When you raise taxes over and above where the people being taxed feel that it is unfair, they will use loopholes in the law (because they can hire professional accountants and tax lawyers) for maximizing their legal deductions, and they are able to adjust their spending patterns so that they will wind up paying less at the higher rates then they would at the lower rates. They also may vote with their “feet” by moving to a more friendly tax climate overseas, or to “no income tax states” like Florida and Texas.

Because many liberals are brainwashed into thinking that successful people ( wealthy people) must've gotten their riches by way of cheating or by exploiting others, they want to punish them by raising their income tax rates (the “class warfare” ploy as Barack Obama once chided business people, “You didn't make that”). Envy seems to be the major staple sin that infects most liberals. If they can't achieve what a rich person has achieved, then they want to “even out the playing field” and redistribute those monies to the less successful, that is their class warfare “battle cry”. That mindset is right out of the Karl Marx and Saul Alinsky playbooks. That is also part of the DEI (Diversity, Equity, and Inclusion) programs that the left-wing politicians and liberal media are pushing in academia and in some corporations.

So if the government wants to get more revenue, they shouldn't raise tax rates because lower, reasonable, tax rates equal increased government revenue. That's a fact. Look it up !