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)

http://www.showmeinstitute.org/publications/commentary/taxes/167-income-taxes-decrease-economic-growth-prosperity.html?qh=YTo5OntpOjA7czo2OiJpbmNvbWUiO2k6MTtzOjc6ImluY29tZXMiO2k6MjtzOjg6ImluY29taW5nIjtpOjM7czo1OiJ0YXhlcyI7aTo0O3M6MzoidGF4IjtpOjU7czo2OiJ0YXhpbmciO2k6NjtzOjU6InRheGVkIjtpOjc7czo2OiJncm93dGgiO2k6ODtzOjEyOiJpbmNvbWUgdGF4ZXMiO30%3D  

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