On Feb 19, 2012, at 8:32 PM, Max Sawicky wrote:
>
> If you abolish the payroll tax you need to increase income tax rates
> on
> that same income to recapture it.
Only if you exclude the possibility of raising revenue through customs duties. A twenty percent import duty would more than make up for the lost revenue--vastly more were it to be accompanied by the elimination of all the protectionist subsidies and quotas presently in effect.
Shane Mage
"scientific discovery is basically recognition of obvious realities that self-interest or ideology have kept everybody from paying attention to"