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Politics : American Presidential Politics and foreign affairs
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To: pcstel who wrote (61556)1/22/2013 9:24:10 AM
From: Peter Dierks  Read Replies (1) of 71588
 
The comment from Phil sounded more like he was seriously considering depriving Obama of his cut of the golfer's money in addition to depriving Jerry Brown of a cut. There are dozens of countries that have much lower taxes than the US.

When taxes are in the 20% or less range a country becomes attractive for high income people who are not location dependent for their income.

When Taxes are in the 30% range nobody talks about departing due to excessive taxes. It would be too disruptive to their lives for the savings.

When Taxes are in the 40% range people start leaving to avoid excessive taxation.

When Taxes are in the 50% range the grumbling increases and people become more likely to vote with their feet.

When Taxes are in the 60% range the trickle becomes a torrent.

Above that range famous bands make up songs about why they left. ... "Yeah, I'm the Tax Man."
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