Wilbur Right
Silver Member
- Nov 27, 2015
- 2,710
- 363
- 90
boss,
You really believe that a person lets say making 80k a year wouldnt accept a job paying 200k a year BECAUSE they would be in a higher tax bracket?
LMAO. Boss, you are that stupid but the rest of us working folks are not.
Bos says; NONONO dont offer me that high paying job, my taxes will go up.
You are ignorant dude.
Well... I personally know someone who was making $750k per year in salary. When the top marginal rates were raised after the Bush Tax cuts, his company restructured his package. He now makes $150k per year in salary but they pay for virtually every living expense he has, housing, food, clothing, cars, etc. It's not salary, he doesn't have to report it as income. To the company, it's a tax deductible expense.
I know another guy who owns his own company. He was paying himself a yearly salary of $300k, now he pays himself $150k and the rest goes back into his business. He doesn't NEED the money, it's not as important to him as avoiding the taxes. He had rather reinvest the money back into his business than claim it as personal income. And these are not just isolated incidents or trivial anecdotes, it's happening all across America with virtually everyone who falls in that highest tax bracket.
That is why, when the top marginal rate was 91%, virtually no one claimed that much personal income... it was foolish. You have to realize something here... Wealthy people don't need to earn incomes. They are already wealthy. You and I need to earn incomes to pay our bills, we don't have billions of dollars in securities and shelters. Trying to punish the wealthy by raising their income taxes is like trying to punish a hippie by taxing baths. It just doesn't work.
thats great boss. Problem you have is for every two people that you know that decided to avoid paying income taxes by using the system, I know 20 people who were so glad their income went up substantially and paying additional income taxes on large income gains was not a problem.
I know a person that makes around a million dollars a year. Never ever have I heard them complain about taxes. Seems like at that level, for some anyway, the need to complain about income taxes just isnt as strong as for some.
I mean, if you cant prosper at 50k a month net income, whats you gonna do?
Quit your job. Go on welfare cause them welfare folks live so well and pay no taxes. LMAO.