Quote:
Originally Posted by Jacks
You have to look at tax rates in comparison to the areas/countries you are competing with.
You can raise tax rates all you want but eventually you will get to the point where it is beneficial for the investor to put their money in a different location that offers more benefit. I'm not saying they are at that point I'm just saying that you need to be competitive with tax rates in other states/provinces/countries.
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I can't believe your incredibly wise comment never occurred to billionaire Warren Buffett. What is he thinking?!?