Income taxes decrease economic growth, prosperity

posted by
December 20, 2010
Show-Me Institute
by John Payne  
Posted in Commentary

"Long-term economic growth rates are affected not only by the rate of taxation, but also by the form of taxation. Show-Me Institute Chief Economist and University of Missouri–Columbia professor Joseph Haslag, along with Washington University economics doctoral student Grant Casteel, argue in a new essay that replacing Missouri’s income tax with a sales tax will lead to a higher growth rate and therefore higher lifetime consumption than we would have under the current system." (12/20/10)  


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