I occasionally hear the argument that high taxes promote growth more than they harm it because countries with higher taxes as a share of GDP have higher per capita income. It is true that rich countries have far higher tax revenue as a share of GDP than poor countries. However, this does not prove that [...] View the full post at: Tax Revenue Versus Tax Rate Related posts: Tax Increases and Revenue: Curbing Offshore Tax Havens Rockefeller Institute: State Revenue Report Ten Facts About California