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maybe the guy getting taxed will be so spiteful against the government and pay his workers more so the government doesn't get its hands on all his profits.
France is not monetarily sovereign. The United States is monetarily sovereign. Falsehood #1.
Falsehood #2: Tax rates do not cause migration. California has the highest taxes on the rich in the United States, yet consistently has one of the highest rates of millionaire inward migration. Read the data. Tax flight is a myth that has constantly been debunked.
You fail to understand how taxes work in the USA.
The top 1% generally aren't affected by high tax rates especially those with high net worth?
Why?
Most super rich people invest in tax exempt bonds. Other tax advantaged investments as well.
Mitch Romney is right. Guys like him and John Kerry and his Ketcup Heinz wife pay around 10-15% effective taxes. Cause they don't face much real taxable federal taxes.
Neither the Dems or Republicans tax policies ever affect the super rich. It's the upper middle class who bare the brunt of most tax policy changes (those making $200-500k a year).
So when you talk about millionaires inward migration. You fail to mention the HENRY's outward migration.
What are you going to do? Quit working and sit on your big pile of green paper?
LOL, you got that right...I can live off the dividends my investments are paying me at 15%, diminish my tax bill to near zero with offsetting losses - and the libs and takers WILL GET NOTHING.
"Opinion" articles? As in an "opinion" that disagrees with yours, so it is simply not valid? Grow up.
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....where did they move? Just curious... LOL.
Guess someone attacks something they did not even bother reading; it's called OTHER STATES.
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People moving out of California are primarily middle class.
Really? Why are they doing that?
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Why is California's wealthy migration higher coming in than leaving?
Uh, like who?
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Idle threats.
Uh, sure it is - the way I and others have structured our businesses to generate almost zero profits on paper, and pay almost nothing in taxes. That's the difference between those who actually run a business in the real world and the progressive/takers in yours, you believe you can get more of my money by raising tax rates - you have no f--king clue what you are talking about.
I'll fire more of my staff and reduce my corporate footprint before I pay a higher tax rate, understand?
Most super rich people invest in tax exempt bonds. Other tax advantaged investments as well. Mitch Romney is right. Guys like him and John Kerry and his Ketcup Heinz wife pay around 10-15% effective taxes. Cause they don't face much real taxable federal taxes.
You've started to open the window for the financially clueless. The smart wealthy invest in triple-tax free munis, live in a state with no income tax, their 15% cap gains tax is offset by paper losses in some business investments and charitable donations, and their real estate tax is pennies on the dollar living in a county with very low rates...these takers/libs just have zero clue whatsoever.
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Neither the Dems or Republicans tax policies ever affect the super rich. It's the upper middle class who bare the brunt of most tax policy changes (those making $200-500k a year).
Yup, that's exactly right- and those are the ones exiting tax hellholes like CA in DROVES.
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So when you talk about millionaires inward migration. You fail to mention the HENRY's outward migration.
They will fail to mention/ignore anything that does not support their beliefs.
"Opinion" articles? As in an "opinion" that disagrees with yours, so it is simply not valid? Grow up.
Theres this thing called facts. you should try them sometime. opinion piece articles are just that. opinions. FACTS are something else.
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Guess someone attacks something they did not even bother reading; it's called OTHER STATES.
Really? Why are they doing that?
Uh, like who?
Uh, sure it is - the way I and others have structured our businesses to generate almost zero profits on paper, and pay almost nothing in taxes. That's the difference between those who actually run a business in the real world and the progressive/takers in yours, you believe you can get more of my money by raising tax rates - you have no f--king clue what you are talking about.
I'll fire more of my staff and reduce my corporate footprint before I pay a higher tax rate, understand?
Sure you will, you're such a wise and intelligent business man that you will forgo profits just to throw a tantrum. uh huh.
The 75% tax rate raised very little revenue*, but expressed very clearly the envy and hatred for the rich of many on the left.
*The Finance Ministry estimates the proceeds from the tax amounted to 260 million euros in its first year and 160 million in the second. That's broadly in line with expectations, but tiny compared with a budget deficit which had reached 84.7 billion euros by the end of October.
And, even though the left hates to admit it, outside of a relative handful of people who inherited their wealth, most rich people actually created value that others would voluntarily pay for.
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