Over and over this thesis is proved. Now in the UK it has been shown that raising the tax on million pound earners caused 2/3 of them to leave the UK, and cost the government roughly 7 billion pounds in revenue. No surprises here, except to those who keep trying it, expecting a different result. Read the story in the Telegraph here. http://www.telegraph.co.uk/news/politics/9740253/Two-thirds-of-millionaires-disappeared-from-official-statistics-to-avoid-50p-tax-rate.html No Responses Ted December 22, 2012 The link to the Telegraph article is broken. If it’s still online, I would love to read it. Reply Mike December 22, 2012 Thanks for your interest. Sorry about the link. The new link has been updated and we put it in so you can copy and paste if the hyperlink doesn’t work properly. Reply Leave a Reply Cancel ReplyYour email address will not be published.CommentName* Email* Website Save my name, email, and website in this browser for the next time I comment. Please enter an answer in digits:3 + 20 = Δ
Ted December 22, 2012 The link to the Telegraph article is broken. If it’s still online, I would love to read it. Reply
Mike December 22, 2012 Thanks for your interest. Sorry about the link. The new link has been updated and we put it in so you can copy and paste if the hyperlink doesn’t work properly. Reply