The effect of income taxes is not simply to disincentivize work like one would imagine. Top talents who are able to afford the cost choose their tax residence d

The effect of income taxes is not simply to disincentivize work like one would imagine. Top talents who are able to afford the cost choose their tax residence due to income tax. Even in the US, it would influence people's career decisions about where to live/work. Businesses also take the taxes into account when choosing countries/states to invest or build facilities.