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The more you impose taxes on those that earn big money, the more they will seek ways to shelter it.
The government should be creating incentives for investments in this country but they want the rich to risk it all then tax them when it works out. Well, if they risk it in areas that need investment, they need to be allowed to KEEP the earnings tax free for a significant period.
The government just creates roadblocks for business, they believe profits are a sin and anyone who makes profits are bad people and should be punished (taxed)
As sited abouve, taxing the so called rich will not solve anything, in fact it will not help anything. I do agree however that many wall street types are in a position to move all earned income to unearned income or take it as stock or some other form and pay a lot less tax and defer paying on most of it. This is within the law but if they had a very simple tax plan (ie a flat tax) no one could escape paying their fair share and there would be no deductions or shelters.
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