[quote=GH]I’m not so sure. If taxes were raised to 100% no one would “bother” to go to work and tax revenue would be $0.00
If taxes were reduced to 0% everyone would be pretty happy in the private sector for a while and taxes would be reduced to $0.00
[/quote]
Wildly incorrect.
US Marginal tax rates in the 1950’s were 90%, lots of people worked hard to make millions.
In the Nordic countries, top tax rates were over 90%, people still worked hard.
Soviet Russia effectively had 100% taxes and still people worked to get Grad degrees, med degrees,
become engineers, scientists…..
high tax rates reduce social inequity and increase employment.
as you point out, you didn’t like doing overtime
witha 56% tax rate, that meant that people get hired to work second shift rather then you doing overtime.
