Marginal tax rates matter?

Telegraph:
Two-thirds of millionaires left Britain to avoid 50p tax rate 
Unfortunately the story is behind the Telegraphs new pay wall, but it is hard to ignore the data in the headline.  It should be obvious that it is easier for the rich too avoid taxes than it is for others. The total tax rate on the rich in the US will actually exceed 50 percent if Obama gets his way.

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