Originally Posted by
FighterHayabusa
So you DO admit the poor pay some federal tax! I would heartily agree to elimination of corporate taxes in favor of a V.A.T. - but only because the corporate tax rate actually matters for economic growth. On the other hand, if you look at the history of this country, you will find that a high marginal personal income tax rate doesn't make any difference in terms of growth.
Sorry you got that wrong. Low tax rates are directly linked to growth. You might want to read a few books on economics before you embarrass yourself any further.
High tax rates on both individuals and corporations cause a long term brain drain and money drain. Money goes where it is most welcome, water flows downhill. You can't change these facts by hoping.
