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This is a great answer because it points out something that a lot of people either intentionally overlook or neglect to consider: taxes have different effects o
by peter_l_downs 14y ago
This is a great answer because it points out something that a lot of people either intentionally overlook or neglect to consider: taxes have different effects on different groups of people. Try sitting in on a highschool economics class some time -- full of statements like "Inflation can't be bad, can it? We consumers can pay our debt back in an amount that's worth less in buying power than the amount we borrowed!"
- Spooky23 14y agoAnother point that I forgot to mention is that states like New York are rapacious about the collection of income tax. Setting foot within the boundaries of New York State or New York City is a taxable event for the average absentee billionaires. Example: http://www.akerman.com/documents/res.asp?id=1089 http://www.akerman.com/documents/res.asp?id=1089