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View Diary: No country for Zuckerbergs (193 comments)

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  •  It's kind of useless to discuss (2+ / 0-)
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    Odysseus, Justanothernyer

    income tax rates as it pertains to the net worth of somebody like Zuckerberg. He didn't get that net worth from pay, it's more likely the value of assets that have not yet been realized in a form subject to any taxation.

    Joe the plumber may be all that you say he is, but still the max tax rate on pay is probably much more a consideration to someone who gets most of his financial benefit through a paycheck than through having a large chunk of the stock of a superstar internet company.  Of course, going from 35 to 39 percent is not that a big deal. Go higher, as some advocate, and you might begin to slow growth in small businesses just from the diversion of capital out of the business. In saying that I'm talking about sole proprietorships where the IRS does not distinguish between the income of the business and the income of the owner.

    Moderation in most things. Except Reactors. IFR forever!

    by billmosby on Sun Oct 03, 2010 at 09:44:21 AM PDT

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