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The Water Cooler
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Bring back the 91% tax rate
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<blockquote data-quote="tRidiot" data-source="post: 1993622" data-attributes="member: 9374"><p>If you are just a bit over the limit to put you into the higher tax rate, you can actually bring home less. It happened to me many times with overtime.... if I worked 8 hours OT, I got a few extra bucks... if I worked 16, I actually ended up bring home less than working 8, because I had more in taxes taken out of my paycheck.</p><p></p><p>The higher the hike from one tax rate to the next, the more profound the effect. I have run the numbers, and I know how much it would take to cut back and end up in the lower bracket. </p><p></p><p></p><p>Not to mention, I would get to spend a whole helluva lot more time at home with my family and probably be a whole helluva lot happier in general. As I said... if your goal is to disincentivize hard work, by all means, tax higher earners at a higher percentage concurrently with rewarding bad choices and bad behavior with .gov handouts. There is absolutely no incentive for me to work harder, take on more responsibility and liability just to take home less and spend less time with my family, so I can support the addictive .gov. </p><p></p><p>Not gonna happen. There are thousands of places around the world that would welcome me, my family and my skill set with open arms.</p></blockquote><p></p>
[QUOTE="tRidiot, post: 1993622, member: 9374"] If you are just a bit over the limit to put you into the higher tax rate, you can actually bring home less. It happened to me many times with overtime.... if I worked 8 hours OT, I got a few extra bucks... if I worked 16, I actually ended up bring home less than working 8, because I had more in taxes taken out of my paycheck. The higher the hike from one tax rate to the next, the more profound the effect. I have run the numbers, and I know how much it would take to cut back and end up in the lower bracket. Not to mention, I would get to spend a whole helluva lot more time at home with my family and probably be a whole helluva lot happier in general. As I said... if your goal is to disincentivize hard work, by all means, tax higher earners at a higher percentage concurrently with rewarding bad choices and bad behavior with .gov handouts. There is absolutely no incentive for me to work harder, take on more responsibility and liability just to take home less and spend less time with my family, so I can support the addictive .gov. Not gonna happen. There are thousands of places around the world that would welcome me, my family and my skill set with open arms. [/QUOTE]
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Bring back the 91% tax rate
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