[Marcella]

“But increases them for Millionaires.”

And, the millionaires will move their money to another country. Millionaires always have options.

[section9]

Not necessarily. Remember that a lot of millionaires are investors and business owners. If you’re putting a cap of 15% on business taxes, most millionaires won’t give a rat’s a$$ about the increase in the top rate because of what’s happening with their stocks.

[af_vet_1981]

“But increases them for Millionaires.” And, the millionaires will move their money to another country. Millionaires always have options.

Trump did very well. Athletes and others who earn high incomes in the United states cannot easily move to another country to avoid taxes while they earn their incomes. They are easily identifiable and targetable by whoever wants to tax their assets.

[wardaddy]

I’m a millionaire on a good year

I pay a buttload of taxes

You can’t just move money earned here offshore and negate taxes

That Infowars level awareness

Tax shelters today are not very effective

Reagan killed all that 30 years ago on the revision on limited partnerships

Aside from interest and depreciation there isn’t much you can do

Trust me on this

I’ve paid an effective tax rate of over 50% when selling assets when non recaptured depreciation comes into account

It’s brutal

What throws people off is that punitive business taxes can make personal income tax less

But you’re still paying tax thru the business

[Kenny]

I’d rather them move to another country than keep ripping off America.