Since slashing federal income taxes increases revenue and generates surpluses, why dont we cut taxes by 75%?

for every dollar of income tax the govt collects, lets only collect 25 cents from now on. That will generate so much revenue that we will be giddy over the humongous surpluses and we will have more money to throw at programs like be able to have a better militarty, better roads, better schools, better everything......

Public Comments

1. Well, it doesn't work quite that easily, but it does work.
2. Because the politicians have kids to send to Yale and harvard, plus they are voting for another raise.
3. By that logic, if we cut taxes by 99%, the government will have more money than it could ever spend. While some politicians like to repeat the mantra that cutting taxes increases government revenue, studies have found no basis for this. It's simply not true.
4. Is this out of the more you spend the more you save school of thinking? Some people will believe anything even if it goes against simple logic.
5. Slashing taxes to generate revenue only works to a certain point, as you don't get that much more economic growth out of it. At this point, spending needs to be slashed.
6. Because voodoo economics doesn't work in the longrun...and if employed for too long always leads to recession. See, the problem the republicans have yet to reconcile is increased spending with tax cuts. But greed has always been and will always be their downfall.
7. The principle is based around a Bellcurve. At the extreme ends (maximum Taxation/Minimum Taxation) the money that comes in is very small. At the top of the curve is when there is not enough benefit to avoid taxation (and not enough disincentive to work as there is at higher taxation) so the ideal tax rate is the top of the curve. You just have to figure out which side of the curve your on.