Birdwatch Note Rating
2024-06-10 20:22:30 UTC - HELPFUL
Rated by Participant: 5D131CC0410D5AD9178F01C7F9ABB4B4E596D049C49EED4B15549055568E51D5
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Original Note:
This post suggests that higher taxation equates higher revenues for the government. There are several instances where higher tax rates equated less revenue for the government as well as unforeseen consequences such as capital flight. https://www.concordcoalition.org/issue-brief/the-limit-on-social-security-taxes-and-benefits-2/#:~:text=Higher%20marginal%20tax%20rates%20also,additional%20dollar%20of%20revenue%20collected.
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