That seems counter-intuitive to say the least. If true, it would also seem to imply that we could reduce the level of taxation to zero without affecting revenue.
Hauser's Law (http://en.wikipedia.org/wiki/Hauser's_law) has persisted in spite of significant changes to the tax code. It is counter-intuitive, yes, but assuming there are tax rates (without extremes in the lower direction), this has appeared to persist.
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timeasmymeasure
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Date: 2011-11-19 07:38 pm (UTC)Hauser's Law (http://en.wikipedia.org/wiki/Hauser's_law) has persisted in spite of significant changes to the tax code. It is counter-intuitive, yes, but assuming there are tax rates (without extremes in the lower direction), this has appeared to persist.