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Originally Posted by Skerlnik
So, what you are telling me is that if you were offered a promotion that would double your pay, and push you into a higher tax bracket, that you would refuse the promotion, because the higher taxes would be a disincentive?
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The tax bracket is one of the things I would consider. As it stands now, I'm not rich but I still paid over $13,000 in federal income tax last year.
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SC asserts that the rich already pay a disproportionately high percentage of taxes. You tell me that big taxes are a disincentive to work to become rich. Clearly, one of the two is incorrect.
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I'm asking where the incentive to work is if you're going to keep punishing people for being rich. So, what do the rich do? Either they try to reduce their tax burden by hiding their income in non-profit charitable organizations or other tax deductions and loopholes, or they remove as much of their income from the United States as possible, or they give up being wealthy.
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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.
"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.
"I'm a panda," he says at the door. "Look it up."
The waiter turns to the relevant entry and, sure enough, finds an explanation.
"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."
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