Back when America was great, taxes were insanely high for the wealthy. Like 92% high. What did the wealthy do? Instead of withdrawing money from their businesses to be taxed as income, they used that money to invest in and grow their businesses.
But yes, it is possible that the rich could just give up this time.
Back when America was great, taxes were insanely high for the wealthy. Like 92% high. What did the wealthy do? Instead of withdrawing money from their businesses to be taxed as income, they used that money to invest in and grow their businesses.
But yes, it is possible that the rich could just give up this time.