Monday, August 29, 2011

The critical facts that no one mentioned in the debt debate

The critical facts that no one mentioned in the debt debate - The Term Sheet: Fortune's deals blog Term Sheet
Raising taxes on millionaires and billionaires in the U.S. accomplishes little and sometimes nothing.
Maryland raised taxes on millionaires in 2008, and so many millionaires left the state that tax revenue from the group didn't rise as intended, but fell dramatically.

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