Taxes on Rich People?
Out of context: Reply #48
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- raf0
You're mixing company income with company owner's income. It's the business that will not get taxed on what's reinvested, not the individual.
The owner will have to take more of his company money in order to pay his increased personal income tax - this means no raise for the employees. Sorry that's "social justice" biting the poor in the ass.High taxation slows down the economy. It repels investors. It takes away the will to be productive.
When you're get extra freelance offers and you know you're in 41% tax bracket (plus Social Tax!) you know the fuckers will rob you of half of your income. You're not so keen to take on the work at all anymore. You can imagine this is what drives the rich to seek tax havens and other solutions. Leave the tax on a reasonable level and they will just pay it rather than take the hassle to do such things.What do you want higher taxes for anyway? Doesn't the government rip you off already? They will waste whatever money they get anyway.
US government just gave away trillions to banks just like that - does that not teach you anything?Don't people realize? Governments don't create jobs, rich people do. Governments create unemployment through high taxation.
"The power to tax involves the power to destroy"
John Marshall (1755 - 1835)