Pipe dream? Obamacare

MalibuGuru · Joined: 11 Nov 1993 Posts: 9299

I was talking to "Towelie", not you...

PS, Obama hires Jeff Zients from Bain Capital to fix the website after $600 million down the drain. Yes Romney's company.

pueno · Joined: 03 Mar 2007 Posts: 2807

uwindsurf · Joined: 18 Aug 2012 Posts: 968 Location: Classified

KGB-NP · Joined: 25 Jul 2001 Posts: 2856

Swchandler,

http://business.financialpost.com/2012/04/07/whats-my-tax-rate/

Does this article shed some light on my position? Perhaps the American tax plan has somehow become twisted, but ours has not followed that path yet.

My experience first hand with myself and others has been that some will carefully watch their income does not push them into the next tax bracket.

Personally I have had employees turn down raises or opt for working less at an increased rate of pay to avoid crossing the threshold to the next tax bracket. My sister used to work as a head hunter. The salary was commision based and most of the staff were high earners. They would intentionally stop at the threshold points to avoid the higher taxation rate because it litterally meant working for free after that threshold. Her employer would left with the results of that with many turning down searches and this reflected on the companies bottom line. I would rather give someone a raise for their efforts and not them or I be penalised in the process.

Perhap your system works differently than ours. I actually do pay what the charts indicate with a slight advantage due to being self employed.

I know that with that the left never make mistakes but this is what they did with some of my tax money:
http://www.torontosun.com/2013/10/08/oakville-gas-plant-cancellation-cost-11-billion

Don't worry, I realise that the right wing nuts make mistakes too.

uwindsurf · Joined: 18 Aug 2012 Posts: 968 Location: Classified

What you perceive to be a penalty, I perceive to be the price of living in a society. If your employees choose to earn less to be taxed less so be it. That is a choice they can make as a result of the society in which we live.

What's your point? There should be no taxes? That the tax structure should be changed?

KGB-NP · Joined: 25 Jul 2001 Posts: 2856

Did I say there should be no taxes?
My point is the structure plus the threshold points reduce the incentive to a) make more and b) cross those thresholds. Can you understand that possibility because it is a observable fact? In some cases it can work out to working for free. My accountant and I had an interesting conversation about this fact and it's implications, I'm sure he knows more about it than I do. He went to college to learn how to help and dislike old rich white men while becoming one in the process like many here.
I understand the moral obligation of welfare but I have to ask do rich people utilize infrastructure on a personal basis 30 - 40% more than lower income earners?

KGB-NP · Joined: 25 Jul 2001 Posts: 2856

BTW: that last question was what my accountant asked. He claims to be a liberal.

pueno · Joined: 03 Mar 2007 Posts: 2807