Posted on 12/10/2012 7:56:08 AM PST by Kaslin
Yes, he's so lucky. /sarc
$ wise, I would still have more. Of course, I would never want a job that paid that much because, as you say, the responsibility and workload is way more than I want. Money isn’t everything.
“I call BS. If someone really did turn down a promotion or a different higher paying position because of a 39% top marginal rate then that person is an idiot. Who in their right mind would turn down more cash in their pocket?”
True, but only if the person continues with the same expenses. Often the higher income requires working in a more expensive place with a much higher cost of living. Choosing to take less money by taking a job in a cheaper location can be financially better - both in terms of living expenses and taxes. Just look at the migration away from New York and California if you want to watch this is real time.
You left out the part where you'd be willing to miss all those things for the right price.
Am I correct in assuming you wouldn't? In that case, this isn't really the right argument - even though I agree with you 100%.
This is not sarcasm. I'm happy for you. I hope you are not envious of those who don't feel the same way, and work harder to earn more.
I'm not sure I'm not envious of you. I've never found a job that I can say I'd rather do than win the lottery and do nothing. I work to earn money to support myself and my family, that's the only reason. Every dollar earned is a trade-off for something I'd like to do, so these economic concerns are important to me.
Read "The Moon is a Harsh Mistress" by Heinlein. It's an interesting read, and he answers that question.
Personally, I think Congresscritters should pay for every one of their good ideas out of their own pockets. THEN we'd see how much they believed in them.
Read "The Moon is a Harsh Mistress" by Heinlein. It's an interesting read, and he answers that question.
Personally, I think Congresscritters should pay for every one of their good ideas out of their own pockets. THEN we'd see how much they believed in them.
“If someone really did turn down a promotion or a different higher paying position because of a 39% top marginal rate then that person is an idiot.”
Yeah, cuz afterall those persons making $200K already are proven idiots! What is amazing to me is that many here are talking trash like you are, yet you forget that the jump to these income amounts means A LOT more responsibility.
It’s pretty easy for me to sit around and say, “wow, I’d pay that tax and still be way ahead.” Then I look at the higher execs around here and their schedules and responsibilities.
I can imagine a promotion from $200K to $250K, could very well mean 50% more responsibilities, meaning more travel, more time away from family, less opportunity to start a family, etc and etc. When balancing the full equiation, I can certainly see how many would see that their 50% more in responsibilities is initially a 25% raise in pay, then the local, state and fed leaches get their cut....
There wouldn’t be any congressmen, then the POTUS would have complete say-so.
“If a person made $260k/yr, couldn’t they take $11k pre-tax earnings and invest it in something that is tax free? Wouldn’t that make their taxable income $249k?”
NO. You might avoid future capital gains taxes if you bought something like municipal bonds but you would still have to pay the original taxes on the income.
Our government is operating in a sweet spot where the majority of voting adults don’t pay federal income taxes and where the remainder have no idea what the tax code actually is since the rules are so complex they hire someone else to fill out the forms.
Actually, it's $2520, and I live in NYC.
'Nuff said.
Not at all, we’re all individuals. I enjoy what I do and the people I work with.
Of course I would rather win the lottery, but let’s be realistic...it’s way easier to get a job and go to work than win the lotto.
Not only will they support corrupt government by taking the raise/promotional which gives more money/power to this government, but they'll be working a hell of a lot harder.
Once ya add everything up, there is no way it's worth it in today's America....
Your attitude assures that will happen.
Wrong.
Article can't even get the important facts correct, so I stopped reading.
The question is not “why work?”, it’s “why work ‘on the grid’?”
I about gagged when I saw my first check...I was better off making less and giving the government less and I did considerably less work.
Live and learn.
I won't argue against any of that because it's all true. However my comment was directed at the OP where it looks like the only consideration for turning down a higher salary was because of having to pay a 39% marginal rate on income over $250,000/yr as opposed to a 35%, or whatever it is right now, marginal rate on income over $250,000/yr.
Actually the pay scales at where I work assure it.
If you take a 25% raise to get 50% more responsibility then you are still an idiot.
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