@Paultheheretic So there will be even less capital investment in Canada.
@Paultheheretic People earning $50 million are doing iut with rare skills and capital. Tax them to much and they will still have the capital and skills to fly away to somewhere that better understands why they earn what they do
@Paultheheretic About 50% of this country has income taxes withheld, but when they file, they get either ALL of their money back, or MORE than they had withheld in the form of credits on their tax return. These are also 100% of the people talking about "Fair share".
@Paultheheretic The government tried to tax me over 50%. So I reduced my tax rate from 23-35% and moved countries. I now make more money and they make less tax from me. See how that works. Why would anyone work and give 50% to government to waste it.
@Paultheheretic That’s a great example. But it’s fake. No one making $40k is taxed at 30% even if you include Medicare, social security, state and local taxes.
@Paultheheretic More taxes is never the answer. Government spending is always the problem. Any increase in taxes on any class will always hurt the lower classes. Wealth redistribution does not work.