Quote:
Originally Posted by GrantDawg
Yeah, but then they won't even try to make that extra 1k. Don't you see? Smart, ambitious people who desire to form a small business will look at the fact that they would get an extra 3% tax on income over $250K, and say "Well damn! I would have liked to make $500,000 a year, but if I have to pay an extra 3%, I'll not even try."
|
True, and it's very silly to make the argument that the kind of tax difference we're talking about makes any real difference to individuals or individual small businesses.
But it's not the only reason for lower taxes - on the whole, we're talking billions of dollars, and where those dollars are best off.