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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Yep. Which would incentivize giving up US citizenship and moving to a tax haven.
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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Is the 70% plan federal? Or just state?
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Federal, one would assume.
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Companies create tax havens and get away with it
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Sounds like the land of the free.
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Tax, tax, tax... and yet what is the law? - The income tax is an excise -excise taxes are upon 'privilege' -^these facts can not change Please... learn the law http://losthorizons.com/Documents/PlainFactsAboutTheTax.pdf …
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