Yeah, I think the misstep in logic is assuming that if you tax rich folks, you affect jobs. The personal taxation of a CEO isn't likely to affect the number of jobs available in their company. Taxing the company would have a bigger effect. Unless someone can prove a link between high-income income tax and job growth.
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Originally Posted by Homeslice
Not sure where they're getting 4.7% from.
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It takes about 2 minutes of reading to find that out. It's the effective tax rate, after deductions and credits. BTW, the median income in 2010 according to them is a bit above $76k.