The trend of recentresearch clearly shows that high taxation has a negative effect on the growth of personalincome, especially at the margins where the poor reside. There are also a number of studiesshowing that high taxes reduce job opportunities and sometimes lead to higher unemployment.
Higher Taxes on the Horizon: City of Kemp
Many city, county, and school district officials are right now deciding where to set tax rates for the next fiscal year. In some cases, these local decisions will push property taxes higher, creating new challenges for families struggling with affordability. Given the very real prospect of tax hikes on the horizon, now is the time...