[Roscoe]

Wes,
Ever hear of the Laffer Curve? It is a simple bell curve graph. At one end is 0 taxes = 0 revenue for government. At the other end is 100% taxes which also equate to 0 revenue. Somewhere toward the top of the curve is a place where government maximizes its revenue. Whenever we have gone beyond that point, revenues have dropped.

In the three times we have had major tax cuts (Kennedy, Reagan, Bush 41) revenues have increased dramatically accompanied by strong economic growth.

With high taxes human behavior takes over and the tax avoidance kicks in. With lower tax rates it is easier to pay the taxes than to avoid them.

Roscoe