Do you think an extremely high marginal tax rate (as existed before JFK) would reduce the...
incidence of white-collar fraud by taking away the extreme upside?
That's an interesting question, and one that provokes a lot of thought. Another question would be, would the white-collar fraudsters become tax evaders also to avoid the high marginal tax rates?
Yes that is a logical reaction to an action. I just wonder though because the US was a manufacturing powerhouse at one point and did the high marginal tax rate hurt us or help us? Things go to far in either direction at times and it's interesting to step back and see what the context of the tax code was in relation to the times....
No. It increases the rewards for cheating the tax code or will increase the usage of loop holes or further increase the influence of lobbying because the pay off of getting new tax loopholes is so high.
Simplify the tax code to eliminate loopholes and opportunities to cheat through them.
by kerryg 7 years ago
Republicans have repeated the lie that tax cuts are always good for the economy so often that all of Washington seems absolutely convinced that it's true. The conventional wisdom is so established on this that all a Republican has to say is, "Everyone knows you don't raise taxes in the middle...
by John Harper 5 years ago
"This is the theory of a leading Oxford University scientist who claims to have evidence of stars and galaxies that existed long before the universe as we know it formed, The Daily Mail reported.Professor Roger Penrose says that cosmic radiation discovered by one of NASAâ��s telescopes is...
by Peeples 5 years ago
For those who want the rich to pay more...what are your thoughts on this photo?
by JaxsonRaine 5 years ago
This is about Obama claiming that Mitt's tax plan can't possibly work, and that it would cost $5 trillion in tax cuts.The top 1% of Americans pay an effective tax rate of 24%. This is a fact, I have mentioned it many times, it comes directly from the IRS.The average AGI for someone in the top 1% is...
by Obinna Donald Ogba 3 years ago
Was it "Before Abraham was, "I am" existed " that Jesus actually meant in John 8:58?Jesus is often quoted as saying "before Abraham was even born, I Am!" This passage, is often used to defend the fact that he was in existence before creation, as God. But, was he...
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