increasing tax rates don't increase revenue all the time

As long as it remains competitive with other countries, you don't have to worry about them moving to other countries

infact it can cause revenue to decrease

But they don't remain competitive, nobody has a 70% tax rate

Yeah, if it's like a 95% effective rate

no

it's why this exists

If the effective rate is similar to other developed country, you don't have to worry about a loss in revenue

so you want a 70% tax rate even though you'll tax the rich less

logic

?

So why exactly do we want a 70% tax rate

nice number

Maximize the money people and companies have and minimize how much the federal government has

🗿

if it 1. Doesn't actually tax that high
2. Taxes the rich lower
3. Deters the foreign investment due to face value
4. Decreases revenue

I honestly don't feel like arguing with someone who is arguing in bad faith

How is it bad faith

^

I already told you I don't want a 70% tax rate

Then how high

Probably closer to 45%

Why?

You do realise thats above the EU average

Because I am fiscally responsible

the US is below the Eu average by 2 points

@hcaez I was talking about removing loop holes for rich people to use and get through taxes and making to tax rates flat for everyone

Not really, reducing tax rates spurs economic growth

higher revenues

thats really hard to do

and more money for the individual

like take bezos for example

it's idealist

he makes 80k a year

80k?

even though his real income was billions

Yes

ye after avoidance

Yes, it spurs economic growth when you cut taxes for working people

oooh