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Yep. That's exactly how it worked when top marginal rates were that high, too.
Yep. That's exactly how it worked when top marginal rates were that high, too.
It never worked that way. You don't increase business investment by taxing away the thing to be invested.
Also, when people have to pay high marginal tax rates, they simply work less. That last thing you want in an economy is your most productive people cutting back on the number of hours they work.
That theory is beyond stupid.
It never worked that way.
You don't increase business investment by taxing away the thing to be invested.
Also, when people have to pay high marginal tax rates, they simply work less. That last thing you want in an economy is your most productive people cutting back on the number of hours they work.
That theory is beyond stupid.