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Strongly agree with the second part: The problem here is not wealth, but corruption Kind of confused by the first part. Was that about progressive tax rates or
by biohacker42 18y ago
Strongly agree with the second part: The problem here is not wealth, but corruption
Kind of confused by the first part. Was that about progressive tax rates or communism?
I don't know anyone who has ever declined an opportunity to make money just because the tax on the profit was too high. Does anyone have specific examples?
- randallsquared 18y agoI used to work in manufacturing, and it was fairly common to hear people decline overtime using the reason that it would be taxed enough more that it wasn't worth it for them. Part of this might have been due to a misunderstanding of how income taxes work (everyone I knew there, including myself, had the impression that higher rates were applied to the entire amount of your income), but that doesn't alter the point in this case.
- asdlfj2sd 18y agobut that doesn't alter the point in this case Uhm, yes it kind of does. In that if they had know how taxes actually work, they would have worked.