Regardless of the existence of Manufacturing.
Tax your rich fairly and you will see major shift.
Worked for multinational companies and the typical chatters are:
- US based employees get taxed less on RSU maturity but have to figure out how much they owe the Government afterwards.
- Meanwhile, EU and Canada based employees are all paying top rate tax and get refunded afterwards.
Interesting that US is the only outlier
Not income tax.
Do the top 1% income tax include those people whose wealth increase because of their assets? Something to ponder…
We shouldn’t tax productive workforce more (in fact, we should tax less). We should tax unproductive assets more and redistribute.
Regardless of the existence of Manufacturing.
Tax your rich fairly and you will see major shift.