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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (522756)	10/22/2009 1:37:57 PM
From: Road Walker	Read Replies (2) \| Respond to of 1578937

How would holding Tiger and Oprah to $800K a year help anyone else? Lower ticket prices. Hell the average Joe can't afford to take his family to a baseball game anymore. How shitty is that?

To: Brumar89 who wrote (522756)	10/22/2009 1:48:42 PM
From: Tenchusatsu	4 Recommendations Read Replies (2) \| Respond to of 1578937

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 ...