Quote:
Originally Posted by SC Skins Fan
I don't claim to understand the in's and out's of tax policy, but the 'tax revenue increases with decreased rates of taxation' is apparently a questionable assertion.
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It's debateable for a number of reasons. First and foremost, it is difficult to separate causation from correlation. But, even if cuts in the capital gains rate do not result in substantial increases in tax revenue, I have yet to see anything which indicates that cuts in the cap gains rate results in the loss of substantial amount of tax revenue.