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Raising taxes beyond a certain point tends to decrease the total tax haul as those with lots of money move income to other jurisdictions and some of others work
by ptero 5y ago
Raising taxes beyond a certain point tends to decrease the total tax haul as those with lots of money move income to other jurisdictions and some of others work less, leaning harder on social system (further increasing the public debt).
- pas 5y agoThe US is very far from that.
- ptero 5y agoHow do you know?
- pas 5y agoThe US economy is huge, people and companies are not likely to leave if the US increases taxes. https://www.taxpolicycenter.org/briefing-book/how-do-us-taxes-compare-internationally https://www.taxpolicycenter.org/briefing-book/how-do-us-taxe... https://files.taxfoundation.org/20210517160849/The-tax-burden-on-labor-in-Belgium-is-seven-times-that-of-Child-OECD-tax-burden-tax-wedge-with-single-worker-with-no-children-earning-a-nations-average-wage.png https://files.taxfoundation.org/20210517160849/The-tax-burde...