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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (27518)	4/7/2008 6:44:43 PM
From: Peter Dierks	Respond to of 71588

I always try to keep in mind that barring zero there is no best level of taxation. A certain amount of uncertainty causes people to realize taxes earlier than they might otherwise. I still maintain that a gross taxation level in the 10% - 15% range is probably optimal for incentivizing producers and to avoid slowing growth by extracting excessive capital. In the example I gave in my last post under excessive taxation you would see spending on things that would never actually succeed under a normal tax regime. For example one might choose to take compensation in the form of private jet trips instead of paying mostly tax on marginal income.