"Higher taxes lead to greater spending, not deficit reduction."

Each tax led to more unity between the colonies.

This tax led to a number of conflicts between the two communities until its abolition in 1813.

Lower oil prices and higher taxes led to a 36 percent drop in profits in 2001, the company said.

This tax led, in 1816, to the current community.

In the example of Figure 15-5 a tax on meals leads to too few meals being produced.

Must taxes create distortions and lead to the waste or inefficiency which Figure 16-3 suggests?

A higher tax on pesticides, seemingly a good thing, might lead to more starvation.

In that case, the tax could lead to a net loss of total economic prosperity.

Lower taxes on alcohol may lead to more drinking and thus increase markets.