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Re: 10,988,269: 2013 Closes With Record Number on Disability....[W:87]
my company set records in 2004-07, with each year being bigger than the last, that is not the case now, while we aren't at our lowest point we are getting close to 76-77
That is why you have low capital gains taxes.... so you wealth build over time; not exploit for current income. With a 50% marginal tax rate on income combined with low capital gains you are actually incented to invest as your expenses (including costs of hiring people) are actually "subsidized" in the form of lower taxes at the rate of 50 cents on the dollar.... and you are less likely to be concerned about your own current income (because of the high marginal rate) with an eye toward wealth building (capital appreciation of your business)....
Most studies show no correlation between the highest marginal tax rates and economic growth (increasing or decreasing marginal rates does not matter). We had our greatest economic expansion during the 1950's when marginal rates were as high as 90%. That said, there is a correlation between highest marginal rate and a strong middle class.
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my company set records in 2004-07, with each year being bigger than the last, that is not the case now, while we aren't at our lowest point we are getting close to 76-77