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

To: J_F_Shepard who wrote (531239)	11/23/2009 11:26:59 AM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 1578138

You take the extreme example and present it as if it was the norm. The extra tax kicks in at more than a thousand times lower than that level of income effecting the tax rates paid by high end but fairly normal employees (not hedge fund managers or CEO's of large corporations), or successful small business owners. Also even at the very high level of incomes your talking about, its still unjust to take over half their income, and its produces perverse effects, distorting their decision making, and driving some money our of the US. And its not just the extra 5% that's the problem, drop the 5% and you still have over 7 states where the marginal rate is over half of someone's income, starting at much lower levels than the 5% surtax kicks in.