1.by reducing the rates of taxes as well as controll over scandals in crores taking place every day.
2.by increasing the rates of taxes.
2006-08-21 03:07:37 · 4 answers · asked by Hai Ram 2 in Politics & Government ➔ Law & Ethics
1. Reduce the rate of taxes.
By lowering the tax rate, you increase the value of every asset, which means the tax revenue you generate will actually be HIGHER.
2006-08-21 03:12:42 · answer #1 · answered by ? 6 · 0⤊ 0⤋
By reducing tax rates, you encourage people to spend the extra money. Whether they're buying a new TV or paying bills, they're spending the money on something; and almost all of it is taxed.
When Ronald Reagan slashed taxes on the wealthiest Americans in the early 1980s, revenues to the Treasury more than doubled. Coincidence? I think not.
Same has happened with Bush's tax cuts for the wealthiest among us (who pay two-thirds of the taxes, BTW). While their rates have gone down, revenues to the Treasury have gone up. (It's Bush's and Congress' spending that continues to add to the deficit.)
2006-08-21 10:15:06 · answer #2 · answered by Lawn Jockey 4 · 0⤊ 0⤋
Neither. Reduce the amount of extra projects that are added in that benefit a small amount of people. special interest projects are usually nothing but monetary gifts to reward people that the senator or representative either wants to or has to.
2006-08-21 10:14:19 · answer #3 · answered by smgray99 7 · 0⤊ 0⤋
By running up the deficit and having our children and grandchildren pay the bill.
2006-08-21 10:13:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋