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Its not 3% more on million+ earners either. If you make 2m, the second million is taxed 3% more than the first million. Also during times of economic hardships
by mackal 12y ago
Its not 3% more on million+ earners either. If you make 2m, the second million is taxed 3% more than the first million.
Also during times of economic hardships, companies are much less likely to invest (they still will, but be more conservative than if times were good) which in my opinion, it falls to the government to !make up this gap, and they need money to do that. So that means they need to tax more, but hopefully readjust taxes down (slightly, big tax drops in the past have caused more problems) but that usually doesn't happen.
TL;DR we need a happy sweet spot, we are below that currently.