4 ms·
They won't cap salaries at $50,000. If there is a 14.5% flat tax, then it wouldn't make sense to have a salary anywhere between $50,000 and $58,479.54. That st
by rrss1122 11y ago
They won't cap salaries at $50,000.
If there is a 14.5% flat tax, then it wouldn't make sense to have a salary anywhere between $50,000 and $58,479.54. That still leaves a company free to offer a "competitive" $60,000 salary to lure employees away from a competitor who would cap salaries at $50,000.
This argument goes away if we only tax the money after $50,000.
Either way, salaries won't be arbitrarily capped at $50,000.