?????I am not talking about corporate taxes, but personal income taxes. You are also not answering the question I asked. I asked at what tax % does it turn from taxation to confiscation?
WTF is wrong with you ?
the purpose of owning a business is to provide income to the owner
owners needs to earn after taxes compensation for putting their capital at risk
how much tax the business pays is irrelevant if your are going to confiscate 95% to 99%of his personal income
again , any business owner will shut the business down if you confiscate 95% to 99% of his income
and other business owners will see a lunatic is in charge and take their money out of the country
these are the real consequences that would occur if your lunatics plan was executed
you just ignore these real consequences because ..... you are not very bright
asked and answeredI asked at what tax % does it turn from taxation to confiscation?
if you had a clue you should be asking is at what tax % does it turn from confiscation to taxation in order to support the operation of a functioning well managed government ?
the answer to that question is marginally below the tax rate which maximizes business investment by business owners into economically viable projects
get that right and tax revenues will be maximised as economic growth will accelerate
an economy requires on going business investment or it will wither and shrink
you would kill all business investment via your spiteful lunacy and tax revenue would dry up very quickly
the purpose of taxation is to support the operation of a functioning well managed government
you incorrectly view taxation as the vehicle for wealth redistribution and clearly a vehicle for your foolish and petty spite
but then, you are not very bright and now you want to be a thief
if you want more, go out and hustle to earn more
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