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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (522756)10/22/2009 1:48:42 PM
From: Tenchusatsu4 Recommendations  Read Replies (2) of 1578962
 
Brumar, > How would holding Tiger and Oprah to $800K a year help anyone else?

Let's get the math right. According to RW's tax plan, let's say all income above $800K gets taxed at 80%.

How much does Tiger make a year? $40M on tourneys and endorsements? Let's say the first $800K gets taxed at an overall rate of 40% and the rest of the $39.2M gets taxed at 80%.

That means Tiger will end up with $480K + $7.84M = $8.32M. He'll still be richer than most of us, but now the government helped itself to $31.68M of Tiger's earnings.

See how it works?

Tenchusatsu

P.S. - Of course, the government will have to make up for the fact that the Tiger Woods Foundation would essentially go bankrupt. Cause you know, the government should be the only "charitable organization" in America ...
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