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Originally Posted by Crawford
Why are you talking about corporate taxes? What does that have to do with anything? And why are you claiming something as ridiculous as "Trump decreased corporate taxes"? He had as much to do with that as Mickey Mouse.
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2017 Tax Cuts and Jobs Act lowered corporate taxes from 35% to 21%, to be inline with global average corporate tax rate of 21.4%
Quote:
Originally Posted by Crawford
And you're claiming that wealthy people will move their families from the U.S. if we raise capital gains taxes? Why, exactly?
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You do not have to physically move. You can move your capital in a foreign registered LLC. This is exactly what happened in France. When the French government hiked taxes on cap. gains, there was a significant outflow of capital and they had to reverse the law.
A lot of people move because of taxes, even within the US. Taxes and cost of living is why most people move out of California and NYC. Interesting how you refer to people who work and make a lot of money 'deadbeats'.
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Originally Posted by Crawford
And then you support 0 taxes, correct? .
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No.
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Originally Posted by Crawford
yet the U.S. has, by far, the largest concentration of wealthy.
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Yes, because historically US has been very good in fostering, protecting, and growing individual wealth.
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