Raising taxes won’t balance the budget

From LearnLiberty.org:

In an effort to help fix the deficit, many have advocated increasing taxes on America’s highest earners. The question becomes: is this a good way of increasing the amount of money that the government takes in? According to Professor Antony Davies, when the government raises taxes on top earners, the federal government actually collects less money per person, and when it decreases the government collects more.