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<blockquote data-quote="Hobbes" data-source="post: 2004732" data-attributes="member: 3371"><p>Regarding the premise of the OP, that high income earners will flee the country if we raise their top marginal tax rate by 4 points, here is the US historical top individual tax rate:</p><p></p><p><img src="https://www.okshooters.com/data/MetaMirrorCache/3.bp.blogspot.com__5ieXw28ZUpg_Sbb6bJzq1XI_AAAAAAAABAA_1_LlDNdxGfg_s400_taxthresh3.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Our millionaires and billionaires didn't flee the country when their tax rates were 91%.</p><p>In fact, they continued to invest and make money even more in order to overcome those rates.</p><p></p><p>I'm not scared that they will flee the country now because their tax rate will go up from 35% to 39.6%</p></blockquote><p></p>
[QUOTE="Hobbes, post: 2004732, member: 3371"] Regarding the premise of the OP, that high income earners will flee the country if we raise their top marginal tax rate by 4 points, here is the US historical top individual tax rate: [IMG]https://www.okshooters.com/data/MetaMirrorCache/3.bp.blogspot.com__5ieXw28ZUpg_Sbb6bJzq1XI_AAAAAAAABAA_1_LlDNdxGfg_s400_taxthresh3.png[/IMG] Our millionaires and billionaires didn't flee the country when their tax rates were 91%. In fact, they continued to invest and make money even more in order to overcome those rates. I'm not scared that they will flee the country now because their tax rate will go up from 35% to 39.6% [/QUOTE]
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