threatlevelorange
Well-Known Member
Your absolutely correct. It isn't just the rich moving their money overseas, though. The black market opens up exponentially as tax rates increase. Especially payroll taxes.Several of you guys are arguing about tax rates and who would do what. Please consider two points.
1. According to the GAO, what the USA has, spends, and collects is phony because of the silly accounting procedures the government offices use.
2. People with real money, move offshore when the tax rate moves above a certain amount. Real money stays in the USA if the tax rate is low enough, because money has been safer here historically.
The next president needs to encourage Congress to keep the tax rates the same or a little lower. Congress must stop the crazy level of spending. Congress has to do a better job of bookkeeping in order to figure out what the correct tax level should be.