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Money and Finances
Reply to "2025 SALT Deductions"
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[quote=Anonymous][quote=Anonymous] The high taxes on rich just encourage people to work less and do things to create paper losses to pay less taxes. Better how it is today. [/quote] So we could believe your anecdotal stories (backed up by incorrect info about the specific tax rates, etc), or we could look at actual data, which shows strong economic growth throughout the 60s and 70s, other than the recession around the oil embargo years. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-growth-rate Somehow the US economy was able to grow just fine with high individual tax rates. [/quote]
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