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Can someone that follows politics more than I explain how raising the personal tax rate on the wealthiest Americans can prevent corporations from hiring new workers? Maybe I am missing something but this makes no sense to me.
Top executives of large corporations take a salary from the corporation. The increase in tax would come from that person's salary. This shouldnt cost the corporation any additional costs unless the execs give themselves a raise to offset the tax hike.
What am I missing? How does this prevent corporations from expanding and hiring new workers?
This post was edited by AUgolf on 6/7/2012 at 12:05 PM
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