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Me? Well, yes. First of all, because the amount that I would need to make before I am taxed at that rate should be more than enough for me to invest and save to properly provide for my family for generations to come.
Secondly, if my income above wherever the 90% tax rate was incurred was used properly by a responsible government(I know) to raise equality and fight poverty and raise the quality of life for the average person, I would feel good about meeting my social obligations in a society that allowed me to amass such wealth.
omg, seriously? your income in 2015 is above what the 90% income was. Wow, I would hope so. Then you try to use that comment to make a point... get real!
I'm sorry you can't believe that not all people are motivated by money. You just don't understand health care workers, police officers, teachers, firefighters, clergy, or social workers I guess.
How you keep returning back to jealousy is just a sign of stubborness.
Honey I worked in the health care field for over 20 years and believe me, I understand what it takes and I've seen what comes in those ER's, I've seen it all.
No, and that's a fair point. But I do feel like you are swinging hard from one side to the other. There is middle ground, and it isn't unreasonable.
Once again, a 90% tax rate is not on all income, but only income over an amount deemed to be ultra high. ALL INCOME BELOW THIS AMOUNT IS TAXED AT THE SAME RATE AS EVERYONE ELSE, REGARDLESS OF HOW MUCH MORE YOU MAKE!
If I make $100,000
And a millionaire makes his first $100,000
WE BOTH PAY THE SAME TAX RATE ON THAT FIRST HUNDRED GRAND!
Honey I worked in the health care field for over 20 years and believe me, I understand what it takes and I've seen what comes in those ER's, I've seen it all.
omg, seriously? your income in 2015 is above what the 90% income was. Wow, I would hope so. Then you try to use that comment to make a point... get real!
Perhaps you misunderstood me, because I don't understand your response at all.
No, and that's a fair point. But I do feel like you are swinging hard from one side to the other. There is middle ground, and it isn't unreasonable.
Once again, a 90% tax rate is not on all income, but only income over an amount deemed to be ultra high. ALL INCOME BELOW THIS AMOUNT IS TAXED AT THE SAME RATE AS EVERYONE ELSE, REGARDLESS OF HOW MUCH MORE YOU MAKE!
If I make $100,000
And a millionaire makes his first $100,000
WE BOTH PAY THE SAME TAX RATE ON THAT FIRST HUNDRED GRAND!
I never said it was did I. I DID say, when I hit that rate I wouldn't be working. Actually do you realize that even the personal exemption gets phased out for high income? That would mean you get that first part of your income no taxes, the high income person pays on the first dollar. So lets say you have a husband and 2 kids, you get exemptions for each, high income doesn't. If you invest in real estate, you can write off depreciation where high income can't, it gets phased out. Then there is the AMT. You don't have a clue but spout as if you do.
I never said it was did I. I DID say, when I hit that rate I wouldn't be working. Actually do you realize that even the personal exemption gets phased out for high income? That would mean you get that first part of your income no taxes, the high income person pays on the first dollar. So lets say you have a husband and 2 kids, you get exemptions for each, high income doesn't. If you invest in real estate, you can write off depreciation where high income can't, it gets phased out. Then there is the AMT. You don't have a clue but spout as if you do.
I guess I'm just interested to know how you would regulate your stoppage of work at the higher tax rate? I'm trying to picture situations in which this would even be possible, and I'm just not coming up with any. I mean, when do you just tell customers or clients that that's it, we've reached our top income bracket?
I never said it was did I. I DID say, when I hit that rate I wouldn't be working. Actually do you realize that even the personal exemption gets phased out for high income? That would mean you get that first part of your income no taxes, the high income person pays on the first dollar. So lets say you have a husband and 2 kids, you get exemptions for each, high income doesn't. If you invest in real estate, you can write off depreciation where high income can't, it gets phased out. Then there is the AMT. You don't have a clue but spout as if you do.
You poor selfish person. Being so cynical is no way to live. So you'd quit working if you couldn't take it all. Not everyone is a scrooge though. I just hope you don't die alone.
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