How many more examples do we need for people to realize that increasing taxes is not the answer?
Maryland plan to tax millionaires backfires -- baltimoresun.com
Maryland plan to tax millionaires backfires -- baltimoresun.com
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How many more examples do we need for people to realize that increasing taxes is not the answer?
Maryland plan to tax millionaires backfires -- baltimoresun.com
The article kinda leans towards the idea that the economy is the reason and that MD lost tax revenue because of salary cuts. It only cites unconfirmed anecdotal evidence that millionaires are leaving the state to avoid the tax. Then at the end of the article it talks about how MD actually made money the last time they temporarily increased taxes.
I'm gonna go ahead and say this isn't the best example of how raising taxes fail. It could be if they can prove that millionaires leaving the state is the reason why revenues fell.
The tax increases failed to raise the expected revenues. Revenues even fell. What else is there to say?
The tax increases failed to raise the expected revenues. Revenues even fell. What else is there to say?
You can say that the wealthy won't pay their taxes. They hide the money. Only the people who lack the means to hide their income actually pay what they owe.
The tax increases failed to raise the expected revenues. Revenues even fell. What else is there to say?
You can say that the wealthy won't pay their taxes. They hide the money. Only the people who lack the means to hide their income actually pay what they owe.
Well, yes, they avoid taxes. Do the non-wealthy pay more than they actually have to?
You can say that the wealthy won't pay their taxes. They hide the money. Only the people who lack the means to hide their income actually pay what they owe.
Well, yes, they avoid taxes. Do the non-wealthy pay more than they actually have to?
No, they don't. What we are talking about is tax evasion. A crime.
Hence the need for a simplified and equal % burden tax code with the elimination of loopholes... no complex B.S.... no loopholes for libs to cry about... though they will complain about equal % taxation, because they only want the 'equality' when it benefits them...
Well, yes, they avoid taxes. Do the non-wealthy pay more than they actually have to?
No, they don't. What we are talking about is tax evasion. A crime.
What crimes are you alleging? Avoiding taxes is not a crime.
Avoiding taxes is not the same as tax evasion.
So you are convinced every nickel of lost tax revenue in Maryland, or most of it, was due to millionaires illegally moving income offshore?