fat cats may be taxed 50pct under new plan, page-12

  1. 186 Posts.
    They could raise the tax rate to what ever they liked and it wouldn't change a thing. People with high incomes do so through a company structure, so their expenses become company expenses, their income becomes company income and they reduce their personal income so that the tax isn't that great.
    If the government changes the system too much then people will look to doing business elsewhere.
 
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