Lenient Taxes and Bribery

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Lenient Taxes and Bribery

Lenient Taxes are a big attraction to wealthy Californians and New Yorkers. Despite being ideologically motivated, they help shape our society. They are not bribe-inducing, as some opponents claim. In fact, they can help the economy and keep the economy growing. And that is a good thing. The problem with these taxes is that they are often imposed without any explanation. Fortunately, there is a solution – the answer is to get rid of them.

They are attractive to wealthy New Yorkers and Californians

Many wealthy Americans are leaving high-tax states for more tax-friendly locales. According to a study by SmartAsset, wealthy individuals earning $200,000 or more are moving to states that have lower taxes. This trend is not unique to wealthy people; it also applies to a variety of other types of income. For example, wealthy New Yorkers often migrate to Texas or Florida because their property taxes are lower.

In addition to the lower tax rates, many wealthy people are also attracted to the state’s high-quality of life. The higher cost of living in California does not negate the higher net income. The United States has a progressive income tax, so the difference between income and cost of living does not necessarily cancel each other out. Rich people will often identify with their peers, while low-income residents may feel social distance.

They are not bribe-inducing

In recent research, we have seen that demands for bribes can negatively affect citizens’ trust and engagement. In a business, for example, employees, managers, and salespeople will often offer money or gifts to a potential client in exchange for a favorable outcome in a transaction. German prosecutors conducted an extensive investigation into the company Siemens AG in 2006 and concluded that the firm had engaged in corrupt practices in order to gain business.

The legal definition of bribery is very broad. It encompasses anything that is intended to influence an official. This can include giving or receiving money, gifts, entertainment, or personal property. Despite the broad definition, there are laws that allow reasonable expenses, such as travel and accommodations, in the context of a contract. For example, gifts that show the capabilities of a company are not considered bribes.

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