High Taxes One Reason For Detroit's Decline
While high taxes isn't the only cause of Detroit's problem, a high violent crime rate (with 385 murders per year in a city of less than 700,000) is also an important factor, clearly high taxes is a factor. Here is a comparison of the taxation level in Detroit and a few nearby jurisdictions:
Detroit almost certainly is on the wrong side of the Laffer curve, and would probably see revenue increase if rates were reduced.
Detroit almost certainly is on the wrong side of the Laffer curve, and would probably see revenue increase if rates were reduced.
0 Comments:
Post a Comment
<< Home