Quote:
Originally Posted by SuckOnThis
The exact opposite is true. If a business owner is making a million in profit and they know they know they are going to pay a high tax rate they are going to reinvest that money in their company rather rather than sit on it and pay the taxes. Bush lowering the highest tax rate did nothing but hurt the economy.
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You know, the numbers would actually disagree with this retarded assertion. The tax cuts at best, helped the economy and at worst, didn't hurt it. And no, if tax rates go up, the business owner will just take the money offshore and misreport on his taxes. You'd have to be an idiot to "reinvest" into your own company with the tax rates rising.