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8. no one has ever been able to give me even a hypothetical example of the kind of decision
Thu Sep 28, 2017, 10:53 AM
Sep 2017

that results in more jobs under the lower personal income tax rate than under the higher income tax rate.

seriously, what ceo is sitting there saying, hey, hiring more people for my company will result in more profits, but meh, if the government taxes at 39.6%, i won't bother. screw my business and my shareholders and even myself, i won't seek more profits because my personal tax rate is too high.

but suddenly, if the top tax rate is 35%, whoa! damn, i'm hiring! that extra 4.6% of that i get to keep of my bonus, yeah, that's the deciding factor! i'm gonna run my business more profitably now that i get a teeny tiny extra amount! keeping 60.4% wasn't worth it, but keeping 65%, now we're talking! hire more people now!


even if it is possible to have a business decision where that narrow difference in personal tax rates mattered, how many such decisions could there really be across the whole economy? it's can't possibly be enough to make a real difference.

seriously, the whole notion is ridiculous, it's amazing people *still* fall for it.

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