Democrats here in the US insist that higher tax rates mean higher revenues to the Treasury. Time and again they’re proven wrong, but that doesn’t stop them from repeating the lie. Today all we have to do is look to our friends across the pond for more proof that increasing taxes on the rich means decreased revenue to the government.
The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period.
Senior sources said that the first official figures indicated that there had been “manoeuvring” by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad.
The libs are not interested in improving the economy. If they can convince the poor and/or uneducated that the money will end up in their hands, that’s a lot of votes to buy. It’s power they want. If they rule the worlds biggest debter banana republic, then that’s just fine with them. They would rule. Lenin, Mao, Castro… had no problem lying or twisting the facts to get the people to put them into power. And look what their socialist leadership wrought. Once there, it’s like removing ticks from a dog that’s been in the woods for a month!
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Can I buy 2 yes votes for this one!
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This is a prime example of the Laffer curve in action, which liberals love to claim, doesn’t work. Well, libs, here it is, staring right at your faces.
gee, what should liberals do now. I will bet they will raise taxes even more. After all, they arene’t all that bright.
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Friends, colleagues and I have all spent the last two years moving investments just to avoid paying any taxes … Zero, Zilch.
It takes an incredible amount of time and patience to manipulate your own money without attracting attention of the IRS. But the end result is security, diversity and no US burden.
Yes, my wife & I used to pay tons of money to the Gobment … No More!
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