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Americans Favor Letting Tax Cuts for Wealthy Expire

196
Nerdy Fish9/10/2010 10:50:29 am PDT

re: #194 WindUpBird

Are you kidding me?

If you invest in a business, you’re not taxed on that investment. So say theres X money that’s going to the government. You take some of that money, you invest it, it doesn’t count towards your taxes. It’s no longer taxed as income if you’re putting it into a business. If there’s a top marginal rate that’s high, rich people will look at that and go “well, I better put this money in the economy, because that creates something, otherwise it just goes to the government”

Mind if I ask where in the tax code that is? You’re the expert, after all.