Lord N said:
osamanobama said:
Lord N said:
Kantor said:
You can't force the very wealthiest people to pay exorbitant tax rates, because they will just refuse. They'll move elsewhere, or hire yet more people to find loopholes.
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I'm sorry, but this is bull.
First off, where are they going to go? Every other developed country on earth (as well as some of the underdeveloped countries) has far higher tax rates than the United States. Secondly, the rich had to pay a tax rate of 91% under Eisenhower, and before Reagan's tax cuts, it was 77%, and rich people certainly weren't leaving the country en masse.
This argument gets more ridiculous every time I see it.
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no they didnt
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Then how might you explain this?
http://www.taxfoundation.org/publications/show/151.html
Seriously, if you're going to call me out, then at least do research and post sources.
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you mistaking what the official tax rate was,
and what people actually paid.
you said people paid 91%, they didnt. it was much much much lower than that.
and for the Reagan example do you really want to use the time of Jimmy carter, the time of stagflation as an example of why high tax rates are good?
