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The higher your income, the lower your work incentive should be anyway (regardless of tax situation). You can afford to slow down and enjoy life. I don't belie
by cedsav 18y ago
The higher your income, the lower your work incentive should be anyway (regardless of tax situation). You can afford to slow down and enjoy life.
I don't believe that people change their work habit, or choose to work less, just because of a relative tax increase. However, they may be more inclined to find more tax efficient schemes.
- anamax 18y ago> You can afford to slow down and enjoy life. You're thinking of it from the wrong side. You want these people to work hard and long because they're good at what they do. You benefit from their work. You don't benefit as much from their vacation.
- cedsav 18y agoI don't disagree with that. I'm just doubtful about this particular tax issue having a real impact on people willingness to work more or less
- jrockway 18y agoYeah, I'm sure glad these people were buying subprime mortgages instead of taking a vacation.
- anamax 18y agoHuh? Folks earning around $250k and thinking about cutting back are not the folks who got subprime mortgages.
- razzmataz 18y agoMaybe money is the wrong motivator in this case...
- shader 18y agoThat particular disincentive is already handled properly by the decreasing marginal value of money. Unfortunately, taxes add even further pressure. Most people won't change their habits, but it is always the marginal earner who has to decide Do I work x% harder for x% less money?