Joe Louis couldn't defeat the Internal Revenue Service. Neither could Evander Holyfield. But Manny Pacquiao looks like a heavy favorite to defeat the most powerful three letters in boxing when he fights next in Macau. Why is Manny leaving Las Vegas? The U.S. top tax rate approaches 40 percent. In Macau, it's 12 percent. When tax rates rise, human capital flees. That's the short-sightedness of big-government liberals, chasing away the tax base with punitive rates. Read my article @ the American Spectator on the Pac Man v. the Tax Man.
Post a comment