Re:USA Facts – Federal, state, and local data from governmen...
by runeks on Tuesday April 18, 2017 @03:28PM
(#14142070)
> If raising top end bracket taxes didn't increase overall income, then it must be the case that it reduced the tax burden on lower incomes [...]
This logic is not sound. Another option is that the wealthy hire accountants in order to avoid paying 90%+ tax on anything. Paying an accountant $1000/hr is almost nothing if it can save you millions of dollars in taxes.
So rather than reduce the tax burden on lower-income families, it's possible it just increased the income of accountants.
This logic is not sound. Another option is that the wealthy hire accountants in order to avoid paying 90%+ tax on anything. Paying an accountant $1000/hr is almost nothing if it can save you millions of dollars in taxes.
So rather than reduce the tax burden on lower-income families, it's possible it just increased the income of accountants.