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You do realize that, assuming taxes work like they do today, it'd be 90% on the amount over 250k/100k not 90% over the total income? Assuming you realize it, y
by mordocai 10y ago
You do realize that, assuming taxes work like they do today, it'd be 90% on the amount over 250k/100k not 90% over the total income?
Assuming you realize it, your point must be that only having 10% effective increase in income after you reach the threshold is demotivating, and I would agree.
- err4nt 10y agoSo a bracket like that which stifles motivation would absolutely hurt industry, economy, and innovation. Its like youre in a race against every other business and country in the world, and you say: "hey, lets put these leg cuffs on! No everybody has a 3 foot stride wehn walking, so its no fair for you to walk fast. These shackles will only restrict your movement if you succeed too much and are able to take bigger strides. The most important thing is to reduce the gaps between winners and losers!" In that race, do you think you stand a fighting chance against unshackled competitors?