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It means high enough above their perceived benefit from said taxes to strongly incentivize tax avoidance and lobbying to create loopholes. For example, the top
by snapplebobapple 1y ago
It means high enough above their perceived benefit from said taxes to strongly incentivize tax avoidance and lobbying to create loopholes. For example, the top marg*nal tax rate in my province is 49% and it is insane to me because the program choice of the levels of governments does not align with program choices i would make with that money and all the spending is conservatively inflated 15 to 20% above the cost i would be able to get if i was said programs. I am getting potholes, mediocre schools and mediocre healthcare for the cost of first class all those things.