Progressive Taxation Act (Failed) (user search)
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  Progressive Taxation Act (Failed) (search mode)
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Author Topic: Progressive Taxation Act (Failed)  (Read 10630 times)
Associate Justice PiT
PiT (The Physicist)
Atlas Politician
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Posts: 31,209
United States


« on: January 30, 2011, 09:33:59 PM »

Even I have to admit that 75% is too high.  Bring it down to 60-65.

     I'm pretty sure that the marginal rate on the highest bracket is already 60%.
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Associate Justice PiT
PiT (The Physicist)
Atlas Politician
Atlas Superstar
*****
Posts: 31,209
United States


« Reply #1 on: February 02, 2011, 05:24:04 PM »

If you guys change the capital gains tax, make sure it's in line with the rest of the world. We don't want to discourage foreign investment in our equity markets.

     How exactly would "in line with the rest of the world" be defined? Numerous countries have no capital gains tax & plenty more have a rate similar to that of Atlasia. Some have much higher rates, though following their examples would be ill-advised for the obvious reason of not wanting to inhibit economic growth while the economy is still weak.
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