Do you support AOC's tax plan, which would require the ultra rich to pay up to a 70% income tax on income over $10 million dollars a year?
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Seems like an effective way to drive the ultra-rich overseas, and to take their money with them.
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Yep. Which would incentivize giving up US citizenship and moving to a tax haven.
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The expatriation tax kicks in. The rich aren't going to flee. The (unfair) tax laws will prevent that.https://www.cnbc.com/2016/05/17/exposing-the-hidden-tax-costs-of-renouncing-us-citizenship.html …
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The real problem imo is tax avoidance Once you get to that high rate it becomes very efficient to hire excellent tax lawyers
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Now you r getting it, China has the most... Need to understand math b4 you start discussing economics, none the less, framers thought of taxation as theft.
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Ever hear of the cayman islands? Shell companies? Panama papers?
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Yes but hard to enforce. The Laffer curve works. Just look at the
$s repatriated after Trump's tax cutThanks. Twitter will use this to make your timeline better. UndoUndo
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