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As I have said before, the economy doesn't operate in a vaccum. let's say that we did eliminate the cuts and raise taxes. Lets say that causes our economy to stagnate as the mega rich move more money offshore or to tax shelters or they stop investing in their businesses, ect.
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Why would you guess that outcome? I don't see much support for that supposition.
The tax rate on the mega-rich is going from 36% back to 39.6%, and is the tax rate they had during the boom years of the Clinton administration. The practical rate of the mega-rich is more like 17% average due to their massive deductions.
The reversion back to the normal tax rates equals about 100,000 per one million dollars, BEFORE deductions and adjusted gross income determination.
Surveys have shown the mega rich already do not infuse any extra money into consumerism or capitalism, it's extra = thus they save it, invest it.
Why would you think that small shift would cause the mega-rich to totally alter their historical behaviours, thus cause our economy to stagnate, let alone move money offshore, tax shelters, stop investing?
The only thing that increased when the tax rates dropped in 2001 and 2003 was the mega-rich saving more of the extra money they got.