I too believe that this is wrong, but for a different reason than does timae. It breaks a simple economic axiom: You Are Not the Marginal Case. It is simply n

I too believe that this is wrong, but for a different reason than does timae. It breaks a simple economic axiom: You Are Not the Marginal Case. It is simply not valid to extrapolate (especially if you're MC, jeez!) from yourself to all entrepeneurs. You Are Not the Marginal Case. Just because you and Bill Gates persevered, Mark frikkin' Cuban, doesn't mean that the marginal tax rate on entrepeneurs is unimportant. Let's restate the argument this way: "Two of the most successful entrepeneurs of all time were undeterred by high marginal taxes on their fledgling businesses, therefore high marginal tax rates do not kill fledgling businesses". Sounds a bit different, eh?