
Taxes Have Consequences
An Income Tax History of the United States
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
$0.99/mo for the first 3 months

Buy for $17.19
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
-
Narrated by:
-
Rick Adamson
About this listen
The definitive history of the effect of the income tax on the economy.
Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income streams. Huge declines have come to the economy in these circumstances. The most brutal example was the Great Depression itself. When the top tax rate has been cut and held at reduced levels—as in the 1920s, the 1960s, in the long boom of the 1980s and 1990s, and briefly in the late 2010s—astonishing reversals have occurred. The rich have brought their money out of hiding and put it to work in the economy. The huge swings in the American economy since 1913 have had an inverse relationship to income tax rates.
©2022 Arthur B. Laffer, PhD, Brian Domitrovic, PhD, and Jeanne Cairns Sinquefield, PhD (P)2022 KaloramaListeners also enjoyed...
-
Return to Prosperity
- How America Can Regain Its Economic Superpower Status
- By: Arthur B. Laffer
- Narrated by: Dick Hill
- Length: 8 hrs and 54 mins
- Unabridged
-
Overall
-
Performance
-
Story
When Arthur B. Laffer spearheaded the theory of supply-side economics and became a member of President Reagan's Economic Policy Advisory Board, he took his place as an economic icon. More recently, he joined with Stephen Moore and Peter J. Tanous to write The End of Prosperity - a clarion call delineating what is wrong with current political approaches to America's present economic challenges.
-
-
highly recommend to listen
- By Sophon on 09-04-24
By: Arthur B. Laffer
-
The Democrat Party Hates America
- By: Mark R. Levin
- Narrated by: Jeremy Lowell, Mark R. Levin
- Length: 11 hrs and 21 mins
- Unabridged
-
Overall
-
Performance
-
Story
In American Marxism, Mark Levin explained how Marxist ideology has invaded our society and culture. In doing so, he exposed the institutions, scholars, and activists leading the revolution. Now, he picks up where he left off: to hold responsible the true malefactors steering our country down the wrong path. Insightful and hard-hitting as ever, Levin proves that since its establishment, the Democrat Party has set out to rewrite history and destroy the foundation of freedom in America.
-
-
As always thank you Mr. Levin for your Insight.
- By Yukonwill on 09-24-23
By: Mark R. Levin
-
Social Justice Fallacies
- By: Thomas Sowell
- Narrated by: Brad Sanders
- Length: 6 hrs and 9 mins
- Unabridged
-
Overall
-
Performance
-
Story
The quest for social justice is a powerful crusade of our time, with an appeal to many different people, for many different reasons. But those who use the same words do not always present the same meanings. Clarifying those meanings is the first step toward finding out what we agree on and disagree on. From there, it is largely a question of what the facts are. Social Justice Fallacies reveals how many things that are thought to be true simply cannot stand up to documented facts, which are often the opposite of what is widely believed.
-
-
Timely book by 93 year old Thomas Sowell
- By Wayne on 09-27-23
By: Thomas Sowell
-
Elon Musk
- By: Walter Isaacson
- Narrated by: Jeremy Bobb, Walter Isaacson
- Length: 20 hrs and 39 mins
- Unabridged
-
Overall
-
Performance
-
Story
When Elon Musk was a kid in South Africa, he was regularly beaten by bullies. One day a group pushed him down some concrete steps and kicked him until his face was a swollen ball of flesh. He was in the hospital for a week. But the physical scars were minor compared to the emotional ones inflicted by his father, an engineer, rogue, and charismatic fantasist.
-
-
megalomania on display
- By JP on 09-12-23
By: Walter Isaacson
-
Inflation
- What It Is, Why It's Bad, and How to Fix It
- By: Steve Forbes, Nathan Lewis, Elizabeth Ames
- Narrated by: Carol Monda
- Length: 4 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?
-
-
precise information
- By Brandy E. Young on 05-03-22
By: Steve Forbes, and others
-
Unwoke
- How to Defeat Cultural Marxism in America
- By: Ted Cruz
- Narrated by: Timothy Andrés Pabon
- Length: 11 hrs and 5 mins
- Unabridged
-
Overall
-
Performance
-
Story
In a book both articulate and desperately needed, bestselling author Senator Ted Cruz provides a long overdue argument against the woke takeover of education, big business, the media, and Hollywood.
-
-
This is one of top listens
- By chas on 12-12-23
By: Ted Cruz
-
Return to Prosperity
- How America Can Regain Its Economic Superpower Status
- By: Arthur B. Laffer
- Narrated by: Dick Hill
- Length: 8 hrs and 54 mins
- Unabridged
-
Overall
-
Performance
-
Story
When Arthur B. Laffer spearheaded the theory of supply-side economics and became a member of President Reagan's Economic Policy Advisory Board, he took his place as an economic icon. More recently, he joined with Stephen Moore and Peter J. Tanous to write The End of Prosperity - a clarion call delineating what is wrong with current political approaches to America's present economic challenges.
-
-
highly recommend to listen
- By Sophon on 09-04-24
By: Arthur B. Laffer
-
The Democrat Party Hates America
- By: Mark R. Levin
- Narrated by: Jeremy Lowell, Mark R. Levin
- Length: 11 hrs and 21 mins
- Unabridged
-
Overall
-
Performance
-
Story
In American Marxism, Mark Levin explained how Marxist ideology has invaded our society and culture. In doing so, he exposed the institutions, scholars, and activists leading the revolution. Now, he picks up where he left off: to hold responsible the true malefactors steering our country down the wrong path. Insightful and hard-hitting as ever, Levin proves that since its establishment, the Democrat Party has set out to rewrite history and destroy the foundation of freedom in America.
-
-
As always thank you Mr. Levin for your Insight.
- By Yukonwill on 09-24-23
By: Mark R. Levin
-
Social Justice Fallacies
- By: Thomas Sowell
- Narrated by: Brad Sanders
- Length: 6 hrs and 9 mins
- Unabridged
-
Overall
-
Performance
-
Story
The quest for social justice is a powerful crusade of our time, with an appeal to many different people, for many different reasons. But those who use the same words do not always present the same meanings. Clarifying those meanings is the first step toward finding out what we agree on and disagree on. From there, it is largely a question of what the facts are. Social Justice Fallacies reveals how many things that are thought to be true simply cannot stand up to documented facts, which are often the opposite of what is widely believed.
-
-
Timely book by 93 year old Thomas Sowell
- By Wayne on 09-27-23
By: Thomas Sowell
-
Elon Musk
- By: Walter Isaacson
- Narrated by: Jeremy Bobb, Walter Isaacson
- Length: 20 hrs and 39 mins
- Unabridged
-
Overall
-
Performance
-
Story
When Elon Musk was a kid in South Africa, he was regularly beaten by bullies. One day a group pushed him down some concrete steps and kicked him until his face was a swollen ball of flesh. He was in the hospital for a week. But the physical scars were minor compared to the emotional ones inflicted by his father, an engineer, rogue, and charismatic fantasist.
-
-
megalomania on display
- By JP on 09-12-23
By: Walter Isaacson
-
Inflation
- What It Is, Why It's Bad, and How to Fix It
- By: Steve Forbes, Nathan Lewis, Elizabeth Ames
- Narrated by: Carol Monda
- Length: 4 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?
-
-
precise information
- By Brandy E. Young on 05-03-22
By: Steve Forbes, and others
-
Unwoke
- How to Defeat Cultural Marxism in America
- By: Ted Cruz
- Narrated by: Timothy Andrés Pabon
- Length: 11 hrs and 5 mins
- Unabridged
-
Overall
-
Performance
-
Story
In a book both articulate and desperately needed, bestselling author Senator Ted Cruz provides a long overdue argument against the woke takeover of education, big business, the media, and Hollywood.
-
-
This is one of top listens
- By chas on 12-12-23
By: Ted Cruz
-
Trumponomics
- Inside the America First Plan to Revive Our Economy
- By: Stephen Moore, Arthur B. Laffer
- Narrated by: Adam North
- Length: 8 hrs and 39 mins
- Unabridged
-
Overall
-
Performance
-
Story
Donald Trump promised the American people a transformative change in economic policy after eight years of stagnation under Obama. But he didn’t adopt a conventional left or right economic agenda. In Trumponomics, conservative economists Stephen Moore and Arthur B. Laffer offer a well-informed defense of the president's approach to trade, taxes, employment, infrastructure, and other economic policies.
-
-
MAGA
- By Tphill on 11-14-18
By: Stephen Moore, and others
-
Government Gangsters
- The Deep State, the Truth, and the Battle for Our Democracy
- By: Kash Pramod Patel
- Narrated by: Richard Cefalos
- Length: 8 hrs and 1 min
- Unabridged
-
Overall
-
Performance
-
Story
A sinister cabal of corrupt law enforcement personnel, intelligence agents, and military officials at the highest levels of government plotted to overthrow a president. Even after they failed, they continue to secretly pull the levers of power without any accountability to the American people. This isn’t the synopsis of a fictional spy thriller. This is what is actually happening in the United States government.
-
-
A Book Whose Time Has Come
- By 20eagle16 on 09-30-23
-
Broken Money
- Why Our Financial System Is Failing Us and How We Can Make It Better
- By: Lyn Alden
- Narrated by: Guy Swann
- Length: 17 hrs and 31 mins
- Unabridged
-
Overall
-
Performance
-
Story
Broken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the listener to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications.
-
-
It’s the ledger stupid
- By Jessica Hopman on 03-14-24
By: Lyn Alden
-
The Fatal Conceit
- The Errors of Socialism
- By: F. A. Hayek
- Narrated by: Everett Sherman
- Length: 7 hrs and 12 mins
- Unabridged
-
Overall
-
Performance
-
Story
Hayek gives the main arguments for the free-market case and presents his manifesto on the "errors of socialism." Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors. He labels as the "fatal conceit" the idea that "man is able to shape the world around him according to his wishes."
-
-
If more had these insights we'd be better off
- By Doug on 11-12-12
By: F. A. Hayek
-
Deception
- The Great COVID Cover-Up
- By: Rand Paul
- Narrated by: Joe Louis
- Length: 13 hrs and 45 mins
- Unabridged
-
Overall
-
Performance
-
Story
COVID-19 was deadly, but the real killer was the coverup, led by America’s most durable medical bureaucrat—a man for whom the truth was too often expendable. Senator Paul makes a powerful case that funding dangerous bioengineering in a totalitarian country is madness.
-
-
Not so much a book for today...
- By Mermaid on 10-15-23
By: Rand Paul
-
Get Trump
- The Threat to Civil Liberties, Due Process, and Our Constitutional Rule of Law
- By: Alan Dershowitz
- Narrated by: John Pruden
- Length: 5 hrs and 16 mins
- Unabridged
-
Overall
-
Performance
-
Story
Alan Dershowitz has been called “one of the most prominent and consistent defenders of civil liberties in America” by Politico and “the nation’s most peripatetic civil liberties lawyer and one of its most distinguished defenders of individual rights” by Newsweek. Get Trump makes clear that unconstitutional efforts to stop Trump from retaking the presidency challenge the very foundations of our liberty: due process, right to counsel, and free speech.
-
-
Good Book
- By Ron on 05-12-23
By: Alan Dershowitz
-
Justice Corrupted
- How the Left Weaponized Our Legal System
- By: Ted Cruz
- Narrated by: Timothy Andrés Pabon
- Length: 9 hrs and 17 mins
- Unabridged
-
Overall
-
Performance
-
Story
The left has corrupted the U.S. legal system. Wielding the law as a weapon, arrogant judges and lawless prosecutors are intimidating, silencing, and even imprisoning Americans who stand in the way of their radical agenda. Their "enemies list" even includes parents who dare to speak up for their children at school board meetings. In this shocking new book, Senator Ted Cruz takes listeners inside the justice system, showing how the wrong hands on the levers of power can strangle liberty, crush opposition, and wreck lives.
-
-
Very Informative
- By Michael Screws on 01-03-23
By: Ted Cruz
-
Never Give an Inch
- Fighting for the America I Love
- By: Mike Pompeo
- Narrated by: Rick Adamson
- Length: 19 hrs and 31 mins
- Unabridged
-
Overall
-
Performance
-
Story
Complete with a road map of the trends and players shaping the world today, Never Give an Inch is more than a historical review of the Trump Administration's greatest victories. It is essential listening for anyone who wants to understand the challenges of the future. And it is an inspirational story of leadership through dangerous times that will leave you with a greater appreciation for America.
-
-
A really great book
- By John A. on 01-24-23
By: Mike Pompeo
-
Fossil Future
- Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas—Not Less
- By: Alex Epstein
- Narrated by: Alex Epstein
- Length: 16 hrs and 15 mins
- Unabridged
-
Overall
-
Performance
-
Story
For over a decade, philosopher and energy expert Alex Epstein has predicted that any negative impacts of fossil fuel use on our climate will be outweighed by the unique benefits of fossil fuels to human flourishing--including their unrivaled ability to provide low-cost, reliable energy to billions of people around the world, especially the world’s poorest people. And contrary to what we hear from media “experts” about today’s “renewable revolution” and “climate emergency,” reality has proven Epstein right.
-
-
Strongly Recommend
- By Kevin on 06-14-22
By: Alex Epstein
-
When Race Trumps Merit
- How the Pursuit of Equity Sacrifices Excellence, Destroys Beauty, and Threatens Lives
- By: Heather Mac Donald
- Narrated by: Olivia Lewis
- Length: 9 hrs and 46 mins
- Unabridged
-
Overall
-
Performance
-
Story
Does your workplace have too few Black people in top jobs? It’s racist. Does the advanced math and science high school in your city have too many Asians? It’s racist. Does your local museum employ too many White women? It’s racist, too. After the Black Lives Matter protests of 2020, prestigious American institutions, from the medical profession to the fine arts, pleaded guilty to “systemic racism”.
-
-
People need to read/listen to this book
- By Casey on 04-20-23
-
Barbarians Inside the Gates and Other Controversial Essays
- By: Thomas Sowell
- Narrated by: Leon Nixon
- Length: 8 hrs and 40 mins
- Unabridged
-
Overall
-
Performance
-
Story
A collection of essays that discusses such issues as the media, immigration, the minimum wage, and multiculturalism.
-
-
Mr. Sowell exposed the soul of America.
- By rutituti. on 11-24-23
By: Thomas Sowell
-
The Courage to Be Free
- Florida’s Blueprint for America’s Revival
- By: Ron DeSantis
- Narrated by: Ron DeSantis, John Pruden
- Length: 8 hrs and 59 mins
- Unabridged
-
Overall
-
Performance
-
Story
A firsthand account from the blue-collar boy who grew up to take on Disney and Dr. Fauci, The Courage to Be Free delivers something rare from an elected leader: stories of victory. This book is a winning blueprint for patriots across the country. And it is a rallying cry for every American who wishes to preserve our liberties.
-
-
Informative and well-written, but slightly disappointing
- By Dash Dalrymple on 03-20-23
By: Ron DeSantis
What listeners say about Taxes Have Consequences
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
-
Overall
-
Performance
-
Story
- Dennis Maynard
- 03-04-23
Must Read For Supply Side Economics
Art Laffer is done it again as he is clearly articulated the need for supply side economics and to continually use and review the Laffer curve in policy making. Taxation ultimately hurts the economy as clearly demonstrated.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Donna M Downing
- 02-11-24
Educational
A great educational book. Understand how they use taxes for and against us. You need to read this book to look at the history of taxes.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Geezer
- 12-31-22
Taxes, increases and cuts, recessions and growth
A history of US taxation from 1913. Links tax cuts and increases to recessions and economic growth. It should be required reading for politicians voting on tax legislation.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Dave
- 12-11-23
Informative
Author does a great job putting the tax cuts in historical perspective and points out good and bad decisions and their impact of both Republican and Democrat administrations. He dispels myths of WWII ending the Depression, and a number of interesting facts. Including the competitive nature of taxation federally and the states. Fascinating book, worth the read.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- SaxmanAlex
- 06-12-24
Cognitive Dissonance Documented
Who can believe it -- lower tax rates bring in more revenues, but case after case for a century of evidence, from Coolidge to Trump, show us that human nature is the missing element in the math of tax receipts. The rich have the means and motivation to delay, defer, or expatriate their income or wealth when it is overly penalized. That seems hard to admit, but it's like any other kind of science denial. Look at the evidence and then show me your response, Big Spenders.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Ben
- 10-19-24
Thorough history of taxes over time
This book can get a little academic at times, but is a very thorough and interesting history of tax rates and their effects on the economy over the last 100+ years.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- alexander
- 04-01-23
The narrative fails without the charts and graphs
The story would be compelling if one could see the data that it refers to in the narrative. The redundancy in the verbiage makes it evident that multiple authors were involved. It could have been great with better editing and downloadable charts.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Marc Jones Jr.
- 07-12-23
proof of the broken tax code, and half the story
if you read this book , also read, "The Triumph of Injustice," for a more wholelistic view of taxes on the economy, with far less bias.
This book by Laffer basically proves that the tax code has neutered the power of the government to enforce high marginal tax rates on businesses and the wealthy. It gives the invaluable insight as to why high marginal tax rates lower tax revenues, and reveals the confounding variable behind the illusion of the great compression: TAX WRITE OFFS FOR BUSINESS and LEGAL TAX AVOIDANCE. High marginal tax rates don't inherently lower tax revenues. Rather, our tax code, largely a product of business lobbying, allows the wealthy to allude high tax rates legally. This will NEVER CHANGE, unless we scrap the tax code. If you have a business, its great advice for cutting your tax bill.
Do not read this book without a working knowledge of economics, US economic history, and CRITICAL THINKING SKILLS, or you will be misguided. This book assumes taxes are the problem and basically attempts to prove that premise, and as a result, does not tell the full story. it grossly omits the effects of major events on the economy because it assumes that taxes are the root of all booms and busts without context.
This book focuses on the growth of the economy, but makes little mention of the economic state of those in the economy, except with sckewed metrics like "standard of living metric", which has nothing to do with the purchasing power of the common American worker. this book looks at tax revenues, but almost never mentions the national debt or deficit, unless it supports their case at the time. This book doesnt really mention the governments inability to invest in its people for education, infrastructure, research and development, social services, or economic relief, without taking on massive debt. There are mentions of the unemployment rate, but how well did those jobs pay? I can't remember ANY mention of stagnant wages adjusted for inflation (except stagflation and taxflation in the 70s), or how wages no longer track productivity for the common worker. This book sheds light on the illusion of historical lower income inequality, but ignores income inequality as a problem otherwise, as well as income inequality's damaging effects on our democracy through lobbying in politics. It skews some concepts of Keynesian economics. How does an economic book address the crashes of 1929 and 2008 without ANY mention of the similar causes of those crashes; investment bubbles, banking practices, derivates, etc? High taxes have come and gone often, so there had to be other factors in 1929 and 2008. How do you ignore Vietnam, the removal of the Gold standard, and OPEC as major contributors to the 70's stagflation and horrid economy? It argues against widely accepted economic conclusions, with complicated explanations that lead to conclusions contrary to widely accepted economic truths and COMMON SENSE, suggesting that this book is highly biased, especially when you consider the parts of history this book omits. Economic concepts are pretty simple, and the best lies contain some truth.
This book is either half misguided, or written by intelligent people, who sound intelligent, with the intent to mislead and influence the readers opinions, who may not use critical thinking to challenge the authors' assertions to determine its truths from it's half truths.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!