SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Libertarian Discussion Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Babusek who wrote (2931)5/27/1999 7:39:00 PM
From: Don Lloyd  Read Replies (1) of 13056
 
Ricardo - (...For example (one that Joe six pack could understand); taxing income at 50% for anything over say $100,000. causes a gap in the actual incomes that are possible to make (profitably). So when I'm worth (and paid) that much, I can't earn a 10% raise till I can get someone to pay me $220,000. - Heaven forbid my supervisor should get upset with me and give me a Nickle raise!...)

It isn't clear whether or not you believe that the standard US progressive tax rates are applied retroactively on a first dollar basis. (They aren't, you fill out each tax bracket successively.) The nickel might prevent you from qualifying from a Roth IRA conversion, but it shouldn't normally affect your taxes except for the granularity of the tax tables.

Regards, Don

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News