Oops!!!!

[BikerHT]

Good analogy. Heres another one. A Rich guy picks up my tab. Tells me Im fired because he found a way to get to get richer by moving his company overseas. He then says he'll be importing a new watered down beer that i'll be forced to buy, if i want beer or could afford it.

I kick him in the nuts and beat the crap out of him. Take all of his money and put him on a boat to China. And that ladies and gentlemen is how ya teach a rich company to do business.

Put the crack pipe down and step away from the liquor!

I've scraped by as little as $200 a month to now making six figures. At no point in my life have I ever felt "penalized" for making more money or felt that the jump into the next tax bracket ever halted me from progressing financially or created a decline in my standard of living.

Bitching about being moved to a higher tax bracket is one thing, but to actually halt from progressing forward and declining more income is outright stupid.

I agree wholeheartedly! In fact, in less than 20 years, I have gone from $6.50/hr to over $200k/yr. There were ups and downs, but believe me it's much better to be up! Bad economy? Can't see it in my past. I've worked too much and needed a break. most recently, I went from working 80-100 hrs/wk for the past 4-1/2 years to 6 weeks off with plenty of rest to my current position of working 50-60 hrs/wk + a 50% increase in pay. I can't complain...half the work and a whole lot more money!

It's all about the mindset someone has and the lifestyle they want to live, along with the pride they take in their work. I do remember years ago when I worked an extra 8 hour day in a week but actually took home $20 less than the week before, without the OT!?!? Ticked me off until I realized that I needed to either earn more $/hr or work more than just 8hrs/OT...or both! Never once did I ever think about slacking and/or going backward.

 

[RickN]

The funny part will be when the government does kick one and take all it's money, and all the rest move themselves out of the country leaving a 50% unemployment rate and not enough taxes being paid to cover government salaries let alone Social Security and welfare.

 

[tRidiot]

Bitching about being moved to a higher tax bracket is one thing, but to actually halt from progressing forward and declining more income is outright stupid.

Stupid, huh? I guess if your ultimate goal is nothing but making as much money as humanly possible, then that might be a valid premise.

I agree wholeheartedly! In fact, in less than 20 years, I have gone from $6.50/hr to over $200k/yr. There were ups and downs, but believe me it's much better to be up! Bad economy? Can't see it in my past. I've worked too much and needed a break. most recently, I went from working 80-100 hrs/wk for the past 4-1/2 years to 6 weeks off with plenty of rest to my current position of working 50-60 hrs/wk + a 50% increase in pay. I can't complain...half the work and a whole lot more money!

It's all about the mindset someone has and the lifestyle they want to live, along with the pride they take in their work. I do remember years ago when I worked an extra 8 hour day in a week but actually took home $20 less than the week before, without the OT!?!? Ticked me off until I realized that I needed to either earn more $/hr or work more than just 8hrs/OT...or both! Never once did I ever think about slacking and/or going backward.

As I said before, there comes a point of diminishing returns. Working for less take-home per hour so I can support a bunch of slugs mooching off the system as well as a bunch of politicians who spend like they've got mommy's credit card at college isn't my idea of a meaningful existence.

Yes, I'm willing to limit my income in exchange for more time at home or for relaxing. As long as I make enough money to live comfortably, then how in God's name can you call that stupid??? That's pretty narrow-minded, if you ask me. Because I choose to limit how much I contribute to support the above-mentioned abominations, while still living a good lifestyle and supporting my family... that's butthurt and stupidity?

Nice reasoning.

 

[Hobbes]

Wait a minute, stop the trains...

If we look at it from the other end... (the ellipses are for Maverick)

And I make 9,999 and pay no tax my net is 9,999...

But if I make 10,000 and pay 10% then my net is 9,0000...

I know that we were talking about the top rates, but the premise that an increase in gross never leads to decrease net is offset.

No, your net would be $9999.90

$9,999 + ($1.00 * .90)

That's why it's called a marginal tax rate. You pay the higher tax rate only on the portion above the margin.

 

[Shootin 4 Fun]

Put the crack pipe down and step away from the liquor!



I agree wholeheartedly! In fact, in less than 20 years, I have gone from $6.50/hr to over $200k/yr. There were ups and downs, but believe me it's much better to be up! Bad economy? Can't see it in my past. I've worked too much and needed a break. most recently, I went from working 80-100 hrs/wk for the past 4-1/2 years to 6 weeks off with plenty of rest to my current position of working 50-60 hrs/wk + a 50% increase in pay. I can't complain...half the work and a whole lot more money!

It's all about the mindset someone has and the lifestyle they want to live, along with the pride they take in their work. I do remember years ago when I worked an extra 8 hour day in a week but actually took home $20 less than the week before, without the OT!?!? Ticked me off until I realized that I needed to either earn more $/hr or work more than just 8hrs/OT...or both! Never once did I ever think about slacking and/or going backward.

That is the difference in makers and takers.

 

[reddog1]

I use to make 20k, 20 years ago, now I make 25k.

It was a hard hard road. But I made it!!!

It is lonley up here on top.

If yall work as hard as me, maybe someday you can see what I see!!

 

[MLRyan]

When you apply pressure to a person, they will usually search for a way to alleviate that pressure. It's human nature. Of course, Democrats feel they can outsmart human nature.

Or make it illegal

 

[ez bake]

I feel like there are several folks who think we have higher corporate taxes in the US than "other countries".

I'd love to see some examples - I know of slowly developing nations that are luring corporations into best-shoring by way of a promise of next to zero taxes, but in all honesty with the US tax-code (and corporate lobbyists and legal/accounting staff), I don't think a single public-funded corporation in the US actually pays their full "tax rate" no matter how you define it. They would honestly be stupid to do so if the loopholes were handed to them (and they are).

 

[RickN]

I feel like there are several folks who think we have higher corporate taxes in the US than "other countries".

I'd love to see some examples - I know of slowly developing nations that are luring corporations into best-shoring by way of a promise of next to zero taxes, but in all honesty with the US tax-code (and corporate lobbyists and legal/accounting staff), I don't think a single public-funded corporation in the US actually pays their full "tax rate" no matter how you define it. They would honestly be stupid to do so if the loopholes were handed to them (and they are).

http://money.cnn.com/2012/03/27/pf/taxes/corporate-taxes/index.htm

 

[ez bake]

http://money.cnn.com/2012/03/27/pf/taxes/corporate-taxes/index.htm

Right - that's the corporate tax rate. But like I said, how many US public-held corporations (or even fortune 1000 companies if we're just concerned with the large-economic impact) would you estimate paid 100% of that last year?

I'm going with 0



From your article:

Loopholes and other special treatment for different kinds of businesses mean that businesses pay an effective rate of only 29.2% of their income, which puts the United States below the average of 31.9% among other major economies, according to analysis by the Treasury Department.