--- title: "Meaning & Key Takeaway of: Anybody who is familiar with the…" description: "\"Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.\" — Mike..." image: "https://sms4smile.com/quotes/i/027/mike-pence-577_data_anybody-who-is-familiar-with-the-histori_429273.png" --- # Anybody who is familiar with the historical data from the… ![“Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.” quote by Mike Pence](https://sms4smile.com/quotes/i/027/mike-pence-577_data_anybody-who-is-familiar-with-the-histori_429273.png) [Download](https://sms4smile.com/quotes/i/027/mike-pence-577_data_anybody-who-is-familiar-with-the-histori_429273.png) [Open image](https://sms4smile.com/quotes/i/027/mike-pence-577_data_anybody-who-is-familiar-with-the-histori_429273.png) > “Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.” [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Increasing tax rates can discourage economic activity, potentially lowering overall tax revenue despite higher rates. **In simple terms:** Higher taxes may reduce revenue by dampening activity. Key Takeaway Consider effects of tax policy on behavior. Themes economics public policy taxation behavioral incentives Mood analytical critical Type policy economic When to use this quote - government budgeting - business planning - personal finance - legislative debate Key Concepts supply‑side economics fiscal policy revenue forecasting Questions to Reflect On - How do tax changes affect different income groups? - What alternative policies could boost revenue? A Different Perspective Assumes all taxpayers respond uniformly; other factors may offset revenue loss. ★ ★ ★ ★ ★ No ratings yet [Data](https://sms4smile.com/quotes/about/data/) [Historical](https://sms4smile.com/quotes/about/historical/) [History](https://sms4smile.com/quotes/about/history/) [Income](https://sms4smile.com/quotes/about/income/) [Tax](https://sms4smile.com/quotes/about/tax/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [As a matter of policy, increasing taxes on the most economically productive group, which already generates 60 percent of the nation's federal revenues, during…](https://sms4smile.com/quotes/john-podhoretz/as-a-matter-of-policy-increasing-taxes-on-the-most-economically/) [John Podhoretz](https://sms4smile.com/quotes/author/john-podhoretz/) > [ The cost of taxpayer compliance with \[the tax code\] is over $80 billion per year, more than eight times the cost of the IRS budget ](https://sms4smile.com/quotes/charles-o-rossotti/the-cost-of-taxpayer-compliance-with-the-tax-code-is-over-80-billion/) Charles O. Rossotti > [We need to call what is happening out of Washington, D.C., what it is: Bureaucratic terrorism: If you want a list of stories, I…](https://sms4smile.com/quotes/matt-shea/we-need-to-call-what-is-happening-out-of-washington-d-c-what-it-is/) [Matt Shea](https://sms4smile.com/quotes/author/matt-shea/) > [I got a letter from the IRS. Apparently I owe them $800. So I sent them a letter back. I said, If you'll remember,…](https://sms4smile.com/quotes/emo-philips/i-got-a-letter-from-the-irs-apparently-i-owe-them-800-so-i-sent-them/) [Emo Philips](https://sms4smile.com/quotes/author/emo-philips/) > [Its contempt for citizens ... is so routine, and so unlimited, that the agency has become a kind of Frankenstein, running wild and terrorizing…](https://sms4smile.com/quotes/james-bovard/its-contempt-for-citizens-is-so-routine-and-so-unlimited-that-the/) [James Bovard](https://sms4smile.com/quotes/author/james-bovard/) > [I've enjoyed much success. The IRS is always at my door, constantly.](https://sms4smile.com/quotes/krs-one/i-ve-enjoyed-much-success-the-irs-is-always-at-my-door-constantly/) [KRS-One](https://sms4smile.com/quotes/author/krs-one/) > [My family was always very supportive. Whether you're an actor or not, everybody hears the horror stories of people going to L.A. and trying…](https://sms4smile.com/quotes/zachary-levi/my-family-was-always-very-supportive-whether-you-re-an-actor-or-not/) [Zachary Levi](https://sms4smile.com/quotes/author/zachary-levi/) > [Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt…](https://sms4smile.com/quotes/warren-buffett/writing-checks-to-the-irs-that-include-strings-of-zeros-does-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I'm not the only taxpayer who has no idea what he's sending to the IRS. 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That's the kind of advice that the IRS considers a "dynamite" tax tip. If you ask them a real tax question, such…](https://sms4smile.com/quotes/dave-barry/print-neatly-that-s-the-kind-of-advice-that-the-irs-considers-a/) [Dave Barry](https://sms4smile.com/quotes/author/dave-barry/) ## More by Mike Pence > [The United States cannot and should not discriminate on the basis of religion. The free exercise of religion is at the very heart of…](https://sms4smile.com/quotes/mike-pence/the-united-states-cannot-and-should-not-discriminate-on-the-basis-of/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [There's overwhelming evidence... circumstantial and otherwise, to suggest a connection between Iraq and al Qaeda.](https://sms4smile.com/quotes/mike-pence/there-s-overwhelming-evidence-circumstantial-and-otherwise-to-suggest/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [America is stronger than Russia. Our economy is 16 times larger than the Russian economy.](https://sms4smile.com/quotes/mike-pence/america-is-stronger-than-russia-our-economy-is-16-times-larger-than/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [The government competes in the private sector the way an alligator competes with a duck.](https://sms4smile.com/quotes/mike-pence/the-government-competes-in-the-private-sector-the-way-an-alligator/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [The so-called 'Employee Free Choice Act' envisions a world where workers would be denied privacy and forced to vote in an atmosphere of intimidation.](https://sms4smile.com/quotes/mike-pence/the-so-called-employee-free-choice-act-envisions-a-world-where/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [People are tired of being told that this is as good as it gets. 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