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I could see this being true. I know myself, and several others I know who are currently moving (mainly in the 7 to low 8 figures per year range) that are curre

by tax123 6y ago

I could see this being true. I know myself, and several others I know who are currently moving (mainly in the 7 to low 8 figures per year range) that are currently moving abroad that would likely just stay put at a flat 40% rate. I know it's entirely psychological, but going over the 50% mark has annoyed several of my peers (and myself) and fueled this move. Something about receiving less than half of what you work for rubs you the wrong way.

zo1 6y ago
50% is a very psychological number. It's half, and telling people that half of their time is spent on money that they literally let someone else spend for the social-good is not a good thing. Start getting into the 80%+ range, and the conversation should rightfully center around indentured servitude and slavery. One thing that I don't understand why were not discussing/suggesting: If we must have taxes, and we want to go above 40/50%, why not consider giving people more choice in where that money gets spent as a way to offset the "negative" feelings. I think a lot of people would be more okay with large percentage tax-values if they were in control of what that money was being spent on.