Discussion 70% U S Tax Rate

ajacobson said:
Does regulatory arbitrage then occur - do you scoot your wealth out?
More...
If there is a wealth tax, I think we will see wealth flow into things that are hard to price. If there is a high bracket income tax, we will see a bid for things that increase tax efficiency (e.g. div stocks will underperform the growth stocks on beta adjusted basis).
 
Isn't the estate tax a form of wealth tax? All kinds of ways to try and scoot around it.

It appears we are both bored as the trading day begins.
 
  • Like
Reactions: sle
ajacobson said:
Relax we now have a new governor and we are doomed.
More...
You and sle can always move to California and be my neighbors. With a new governor, we need more millionaires to help pay for the new social initiatives he proposed. :D
 
ajacobson said:
Illinois -J.B. Pritzker
More...
You had a veto-proof majority of the other party already anyway, didn't you? Should only impact agency appointees and not much else. Anyway statistically he'll be in prison sometime within the next 4 years, right?:D
 
Funny - but he ran on a platform for a constitutional change to instituting a graduated tax in Illinois.
Pretty ethical guy, but Illinois is headed for a 10% marginal personal rate. We are going to tax snow to pay the State's bills.
 
You must log in or register to reply here.
Back
Top