Top 1% pay 25% of taxes
The 500-plus comments to this story are revealing.
They range from the wealthy should be paying more to Britain is going to kill the geese laying the golden eggs - or hasten their migration. Some of these taxpayers are businesses. What effect do high rates have on their ability to create jobs?
Should the rich pay more? What happens when they leave? What do high taxes mean for job creation? These are basic questions, and history provides some answers. Think 1970s.
Thanks to Instapundit for the link.
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