[quote=CA renter][quote=jstoesz]Doesn’t it seem a little asinine that you guys are even debating this question? Who cares how the top 1% live? Stop this micro managing of other peoples money. I am personally sick of this jealous talk. Even with my families meager wages, I know the dis-incentives of the progressive income tax regiment. Have you all ever passed up a second source of income because the 30% additional off the top made it not worth the extra labor? I have passed up more than a few opportunities, because the cost and pain associated with taking on another labor and reporting it was not worth the additional dollars…
Let us incentivize additional work and entrepreneurship, not dis-incentivize it.
It is part tax, and part reporting. Let’s go to a simple consumption tax and stop this income tax madness…I can’t tell you how many of my efforts have been scared off by government reporting and regulation bullshit.[/quote]
I’ve never met a single person who would stop working for more money simply because it would be taxed at a higher rate. If that were so, we’d all be working for minimum wage so we wouldn’t have to pay all those extra taxes, wouldn’t we?
Any amount of money greater than zero is more than what we had before. It is up to the individual to decide for him/herself if it’s worth it to them. We have a surplus of labor, not a shortage, so someone else will be more than happy to take over where they left off and make the money, themselves.
No offense, but that is the stupidest excuse for not raising taxes I have ever heard (not saying that about you, just the argument, in general, as it’s what all the idiots on Fox keep repeating). Besides, the vast majority of people who would see significant tax increases do NOT make their money from labor; they are almost always capitalists who “make money from money.”[/quote]
I would take a pay raise in my current employment even if it causes me a higher tax burden, obviously. There is no additional work requirement, or maybe one that comes at the building of my resume. Will I take on a less lucrative side job at my current tax rate to make a few extra bucks? Well that all depends on how much less lucrative it is. It is a question of incentives. It will be a lot easier for my wife to drop to part time because my tax burden will go down. This is a decision we are currently making. So no, it is not a black and white issue, but for me it has an obviously deterring effect to do more work. And the government will receive less tax revenue as a result. If you do not see that, you have never considered a side income and the bullshit hoop jumping it requires.
