Evidence from leaked account data on how elites use offshore banking [pdf]

Re:Evidence from leaked account data on how elites use offsh... by devmunchies on Saturday May 08, 2021 @05:44PM (#27091022)

for the same reason i believe that entertainment companies should have reasonable prices/practices if they don't want me to pirate movies, governments should keep taxes low if they want the rich to pay them.

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Re:Evidence from leaked account data on how elites use offsh... by kokx on Saturday May 08, 2021 @06:12PM (#27091238)

I don't think we should count on the rich to not try to find loopholes anyway while keeping their taxes low. I'm pretty sure they would do so whether their taxes are low or not.

Trying to stay on their good side hoping they will "do the right thing and pay more taxes", won't really make that much of a difference.

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Re:Evidence from leaked account data on how elites use offsh... by devmunchies on Saturday May 08, 2021 @06:28PM (#27091362)

it's a bell curve, taxes too low and govt doesn't make enough, taxes too high and people are disincentivized to pay taxes, invest, start businesses, etc.

> won't really make that much of a difference

is that you hunch or you have data? I remember seeing the bell curve in an undergrad business class.

I'd imagine a 20% vs 45% tax will absolutely have different outcomes.

If someone is already dodging taxes then they will probably continue but the next generation of millionaires should never start.

That's why I think it's related to pirating movies, it's a similar dynamic.

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