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1. What if there are tax credits for those earning less than $250k, while those credits are non-existent if you earn over $250k? 2. What if these people are tr
by micks56 18y ago
1. What if there are tax credits for those earning less than $250k, while those credits are non-existent if you earn over $250k?
2. What if these people are trying to defer income to a later date when the income tax isn't as high?
3. Or the people can invest capital in their businesses now, get below the income tax increase by taking deductions, wait for the rate to decrease and then cash in on higher profits due to lower taxes and gains from investment in the business.
The dentist doesn't seem like an idiot to me. Maybe she never took much of a vacation before. Now she will. Then when tax rates decrease the incentive to work increases and she will increase her hours.