Edward A. Falk wrote:

In article ,
Steve B wrote:
Tax the rich. Tax the corporations. Take their wealth. Give it to the
little people. Make life fair.

Are these people so foolish to think these people and companies will not
relocate and I mean RIGHT NOW to third world countries to keep their
wealth?

Taxes on the rich used to be much, much higher than they are now and
there was no mass relocation to 3rd world countries back then.

Try this exercise: look up the countries with the lowest tax rates.
Post it here. Let's see what kind of utopias we're talking about.


Here it is: http://en.wikipedia.org/wiki/Tax_rat...the_world#List

What is striking isn't the level of taxation for individuals, corporations,
etc. but the range. We (the USA) aren't the highest or the lowest. But one
thing that jumps out is that 0 to 35% rate.

Not a lot of other countries have such a range, particularly for
corporations. It turns out that in the long term, tax revenue ends up being
about 20% of GDP. And it appears that many countries just nail a fixed tax
rate down somewhere around this point. Taxes on individuals do tend to be
in a greater range across the board because of the natural tendency to be
somewhat progressive and not hurt the poor.

Its not the level that people are incensed about, its the variability.

--
Paul Hovnanian
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I could get a new lease on life but I need the first and last month
in advance.