Quote:
Originally posted by taxwonk
You're heading for the extreme again. At a 95% tax rate, I agree with what you're saying entirely. When you start talking about the effect at rates of say, 28% vs. 35%, I don't think the principle applies. Neither tax rate is high enough to change income earning behavior.
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But it is enough to change the way capital is allocated. A reduction in the dividend tax rate, for example, certainly has consequences.
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