Audiobook14 hours
Taxes Have Consequences: An Income Tax History of the United States
Written by Arthur B. Laffer, PhD, Brian Domitrovic, PhD and Jeanne Cairns Sinquefield, PhD
Narrated by Rick Adamson
Rating: 0 out of 5 stars
()
About this audiobook
The definitive history of the effect of the income tax on the economy.
Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income streams. Huge declines have come to the economy in these circumstances. The most brutal example was the Great Depression itself. When the top tax rate has been cut and held at reduced levels-as in the 1920s, the 1960s, in the long boom of the 1980s and 1990s, and briefly in the late 2010s-astonishing reversals have occurred. The rich have brought their money out of hiding and put it to work in the economy. The huge swings in the American economy since 1913 have had an inverse relationship to income tax rates.
Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income streams. Huge declines have come to the economy in these circumstances. The most brutal example was the Great Depression itself. When the top tax rate has been cut and held at reduced levels-as in the 1920s, the 1960s, in the long boom of the 1980s and 1990s, and briefly in the late 2010s-astonishing reversals have occurred. The rich have brought their money out of hiding and put it to work in the economy. The huge swings in the American economy since 1913 have had an inverse relationship to income tax rates.
Related to Taxes Have Consequences
Related audiobooks
The Scandal of Money: Why Wall Street Recovers but the Economy Never Does Rating: 4 out of 5 stars4/5Engine of Inequality: The Fed and the Future of Wealth in America Rating: 5 out of 5 stars5/5Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5Demise of the Dollar: From the Bailouts to the Pandemic and Beyond, 3rd Edition Rating: 5 out of 5 stars5/5The Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019 Rating: 5 out of 5 stars5/5Leverage: How Cheap Money Will Destroy the World Rating: 4 out of 5 stars4/5The Inflation Myth and the Wonderful World of Deflation Rating: 4 out of 5 stars4/5Money: Who Has How Much and Why: Who Has How Much and Why Rating: 4 out of 5 stars4/5The Essential Milton Friedman (Essential Scholars) Rating: 4 out of 5 stars4/5How Do I Tax Thee?: A Field Guide to the Great American Rip-Off Rating: 4 out of 5 stars4/5Optimal Money Flow: A New Vision of How a Dynamic-Growth Economy Can Work for Everyone Rating: 3 out of 5 stars3/5GDP: A Brief but Affectionate History - Revised and expanded Edition Rating: 4 out of 5 stars4/5Welfare for the Rich: How Your Tax Dollars End Up in Millionaires' Pockets - And What You Can Do About It Rating: 0 out of 5 stars0 ratingsWinner-Take-All Politics: How Washington Made the Rich Richer--and Turned Its Back on the Middle Class Rating: 4 out of 5 stars4/5The War on Small Business: How the Government Used the Pandemic to Crush the Backbone of America Rating: 5 out of 5 stars5/5New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America Rating: 4 out of 5 stars4/5The Roaring 2000s Investor: Strategies for the Life You Want Rating: 5 out of 5 stars5/5No Trade Is Free: Changing Course, Taking on China, and Helping America's Workers Rating: 5 out of 5 stars5/5The Liberal Invasion of Red State America Rating: 4 out of 5 stars4/5The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality Rating: 3 out of 5 stars3/5The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy Rating: 5 out of 5 stars5/5The Money Revolution: How to Finance the Next American Century Rating: 0 out of 5 stars0 ratingsWhen Markets Collide: Investment Strategies for the Age of Global Economic Change Rating: 3 out of 5 stars3/5Life After Capitalism: The Meaning of Wealth, the Future of the Economy, and the Time Theory of Money Rating: 5 out of 5 stars5/5The Great Devaluation: How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset Rating: 5 out of 5 stars5/5Between Debt and the Devil: Money, Credit, and Fixing Global Finance Rating: 0 out of 5 stars0 ratingsThe Curse of Cash Rating: 3 out of 5 stars3/5Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It Rating: 4 out of 5 stars4/5American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold Rating: 4 out of 5 stars4/5
Personal Finance For You
Change Your Paradigm, Change Your Life Rating: 5 out of 5 stars5/5Think and Grow Rich Rating: 5 out of 5 stars5/5The Total Money Makeover: A Proven Plan for Financial Fitness Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth--and How You Can Too Rating: 5 out of 5 stars5/5Hustle Harder, Hustle Smarter Rating: 5 out of 5 stars5/5Die With Zero: Getting All You Can from Your Money and Your Life Rating: 4 out of 5 stars4/5Rich Dad's Cashflow Quadrant: Guide to Financial Freedom Rating: 5 out of 5 stars5/5The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy Rating: 5 out of 5 stars5/5I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition) Rating: 5 out of 5 stars5/5Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 5 out of 5 stars5/5The Intelligent Investor Rev Ed. Rating: 5 out of 5 stars5/5A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life Rating: 4 out of 5 stars4/5We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Rating: 5 out of 5 stars5/5How to Manage Your Money When You Don't Have Any Rating: 4 out of 5 stars4/5Happy Money: The Japanese Art of Making Peace with Your Money Rating: 5 out of 5 stars5/5Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth Rating: 5 out of 5 stars5/5Rich Dad's Guide to Investing: What the Rich Invest In, That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Bad with Money: The Imperfect Art of Getting Your Financial Sh*t Together Rating: 4 out of 5 stars4/5The Intelligent Investor Rating: 4 out of 5 stars4/5Summary: Traction: Get a Grip on Your Business: by Gino Wickman: Key Takeaways, Summary, and Analysis Rating: 5 out of 5 stars5/5Breaking Free from Broke Rating: 5 out of 5 stars5/5The Millionaire Fastlane, 10th Anniversary Edition: Crack the Code to Wealth and Live Rich for a Lifetime Rating: 5 out of 5 stars5/5Happier Hour: How to Beat Distraction, Expand Your Time, and Focus on What Matters Most Rating: 4 out of 5 stars4/5
Reviews for Taxes Have Consequences
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews