Spencer Law Firm LLC
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February 2010 Archives

The Goose That Lays the Golden Eggs May Just Fly Away

It is likely that taxes at all levels will increase to pay for the massive spending that has taken place. Taxing governments should be wary of raising taxes too far, too fast. According to 2007 IRS statistics the top 1% of U.S. Taxpayers paid 40.4% of federal individual income taxes. At some point, further increases of tax burden on the same individuals will affect behavior. As taxpayers react to tax increases, they may leave a state or even a country for more tax friendly environments.

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Spencer Law Firm LLC
320 Race Ave
Lancaster, PA 17603

Toll Free: 866-639-5451
Phone: 717-207-7935
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