Senate Fiscal Cliff Bill Approved by House

[ASTalumna06]

Originally Posted by AOII Angel

No you wouldn't. That would shoot yourself in the foot. They don't take all your money over $390,000 so why would you say no to more? That shows you have a fundamental lack of understanding of the way taxes work. I make over that cutoff and will be asking my bosses for more money even though it will mean I pay more in taxes. Why? Because it will also mean I will keep more at home. I will only be taxed a percentage of the income OVER $450,000. The money below that level is taxed at the same rate it was before. It's not like getting a raise means I'm working for free. You'll never get someone to turn down $10 because they have to give $2 to someone else if the alternative is $0. That's just dumb.

I never said you'd be working for free.. but where's the incentive to work twice as hard if you're not being compensated accordingly?

[DeltaBetaBaby]

Originally Posted by ASTalumna06

I never said you'd be working for free.. but where's the incentive to work twice as hard if you're not being compensated accordingly?

This is the fundamental difference, I think, in the world views on this thread. The idea that working hard leads to high pay. That just isn't true for huge swaths of this country.