Revenue Nearly Doubled After Tax Cuts?
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Can lower tax rates lead to higher revenue? In Idaho, income tax revenue reportedly rose from about $1.16 billion to nearly double over time — a roughly 95% increase — even as tax rates were reduced. 📊 Key numbers: ~$1.16 billion in earlier income tax revenue ~95% increase over time Lower income tax rate during that period Supporters say this shows tax reductions can boost economic activity and expand the tax base, while others point out multiple factors can influence revenue growth. 👉 Do lower taxes always lead to higher revenue? 👉 And what drives these changes over time? #tax #economy #finance #idaho #policy #shorts #usa #taxes #economicgrowth #debate