1. The highest individual income tax rate in Japan is 50%. Although higher than the highest U.S. rate of 35%, Japan doesn’t have state-level income tax, which can be as high as 10% in some states. [Source: KPMG International Income Tax Survey, 2009.] The highest corporate tax rate is only 39.5% in Japan, which is barely higher than the highest corporate tax rate in the United States of 39.3%, and again, you have to add state taxes on top of that in the U.S. In fact, the Untied States and Japan have the highest corporate tax rates of all OECD countries, higher than Canada (20%) Germany (30%) Italy and the UK (both 28%). [Source: United States Treasury Statement for the Record of the Senate Committee on Finance Hearing on International Tax Reform, July 26, 2008.] Only a small number of European countries have a highest marginal individual tax rate above 50%, and again, none of them have state-level taxes.

2. The United States never had a corporate tax rate of 70% in the 1980s. The highest marginal corporate income tax was 46% prior to the Tax Reform Act of 1986. [Source: United States Senate, Joint Economic Committee, "The Tax Reform Act of 1986: A Primer," September 17, 2003.]

3. Money is absolutely the main motivator for corporations and business owners who generate, either directly through their own employees and purchases, or indirectly through the taxes they pay, all of the economic output of the country.

I'm also having a hard time understanding why you would impugn "information you gathered from your textbooks." When your doctor diagnoses your illness, do you chastise him for "regurgitating information that you gathered from your textbooks"?

We don't tolerate B.S. in this forum. Does nobody remember Tony Montana?