High-taxes-are-good-for-you troll is surprised to discover that he's spread across a fiery arc in the sky
That was lame, asking a question posed by your "teacher" Yeah, right
Posted on 08/23/2011 9:32:38 AM PDT by Harry Callahan SFPD
"The fact is the idea that tax rates have anything to do with business creation is a myth. Nobody who has a great idea and good prospects is going to not go for it because of tax rates." -quote by a Liberal
(Excerpt) Read more at thesituationist.wordpress.com ...
Great post!
LOL! Good one.
2. Back in the 1980's there were many Federal Tax rate tiers. People working for me were often in a situation where if they worked four hours(or more) of overtime they would net LESS in their paycheck than if they worked a 40 hour week. It was practically impossible to get people to work overtime. This was also often the case of a rasie. I had more than one employee ask me to take back a significant raise because they were taking home less money.
Your professors example is silly. Very few today get 50% raises outside of very big business.
LOL
Hey, hiredhand! Nice to see you today. I never get tired of your insult graphics.
The ZOT is strong on FR today.
You need to ping Jim when you quote him!
Many small businesses operate on the razor’s edge of profitability. One of my relatives had a company where he made only 2-3% profit on gross sales.
I personally know a man who shut down a profitable business because he felt he was working too hard for his after-tax profits. Now he spends a lot of time on his houseboat and at his cabin in the mountains and produces....ZERO.
We have seen examples in high-tax European countries where people choose to earn less while building their own houses, fixing their own cars, etc. In other words, high taxes distort the economy and force people into sub-optimal uses of their productive time.
*cleans up*
higher tax rates stifle real and human capital investment.
How dumb are you?
you must be some one who signs the back of a check. Nothing wrong with that, everyone needs a job.
But if you are ever somone who signs the front of a lot of checks to run your business, buy stuff to get a job done or keep work going and have to fork out BooKoo Bucks for employees You’ll figure it out.
Now back to work. I had 20 calls today from men who want your job and you do not distinguish yourself at all.
Hi, Joe!
Please let me know if you want ON or OFF my Viking Kitty/ZOT ping list!. . . don't be shy.
I'm pinging Eaker, even though I didn't misquote him. I quoted him. So I pinged him.
It gets better... he's right!
This is a ZOT thread, so I get to do some graphics stuff too!
Hold on, gotta find some graphics.
um...
Oooh... here we go... cool mods. Yes.
People generally get such big raises as a result of putting in hard work. If a salaried guy normally puts in 60 hour weeks and is willing to get on a plane on zero notice, he's likely to get a raise.
If the raise is only going to increase his net income by 30K, he may choose instead to only work 35 hours, not be available for trips, and enjoy himself more.
That's what high taxes do: they provide an incentive for people to go for more leisure than more income.
The phrase “return on investment” may shed some light on your ignorance.
Dang! Second Zot I’ve missed today!
IATZ
Thanks and good to see you too. The ZOT is strong indeed today! I hope you’re having a good week. We’re all good here...so far! :-)
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