can I increase revenue by cutting tax rates?
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renaldo
Apprentice
Joined: 19 Aug 2005
Posts: 5
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 Posted: 05/19/08 - 09:44 Post subject: |
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| I have recently been looking to start with trading. I have accumulated fair amount of assets and I have looking into the most efficient way to do my business. I would like to know one thing. Can revenue be increased by cutting taxy rates? Thanks in advance. Any info will be very useful. It really means a lot. |
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bryce
Apprentice
Joined: 06 Oct 2006
Posts: 5
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| Posted: 06/17/08 - 21:56 Post subject: |
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| Trading is a great risk, and having a good revenue is a crucial measuring stick that will tell whether you are successful. Now, cutting taxes rates is a thing that can be complicated. At the first sight you indeed pay a certain amount of taxes on your income and therefore earn less in net profit. Thus if you pay less, you earn more in overall. However, it is not that easy. The fact is that cutting taxes can go in either direction, or be completely indifferent. To put it shortly, there are various economic factors in running business, that tax cuts alone can even be bad choice if other things are not working. Currently, some tax cuts can help increasing the revenue, but it is by no means a given. Hope you find the info helpful. For some additional info, go to http://www.cbpp.org/TXCT85.HTM. |
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