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In Reply to: Yeah, believe Romney! The same folks who are objecting to a return to fair taxation of the wealthy posted by tinear on October 27, 2021 at 13:20:29:
the proposed increases will NOT affect those relative few, at all.
I'm delighted that we agree.
The reason is they will change their behavior and render the legislation irrelevant. To the detriment of those who work. Just like with the Luxury Tax. Tax policy drives investment strategy. Certainly has for me and I'm not in the same orbit.
The perception that the wealthy actually paid far higher marginal rates in the 50s is not supported by the data. Do read the details found in the data source to explain why your simplistic view doesn't reflect reality.
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Follow Ups
- I'll just repeat my subject - they wealthy are not stupid! - E-Stat 10/27/2113:32:46 10/27/21 (3)
- The problem is you somehow misconstrue your own data! A difference of - tinear 14:00:21 10/27/21 (2)
- Nice - Goober58 22:11:26 10/27/21 (0)
- Sorry, no I don't - E-Stat 14:16:26 10/27/21 (0)