Quote:
Originally Posted by Titan
It doesn't really apply to people who make big money already. If you make 750k u are in the top 1% already. Its for people who make an average salary of say 45k a year and are looking to go up. Any money you make above that amount has a very steep tax rate. Why work harder when the government will just take 40% of any extra money you make when you can be lazy and only get taxed 10%?
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There is some truth to that. If the choice it to work how you are now and make a decent living or work twice as hard but not see much more of a gain from it then you may choose to not work that extra and instead spend that time with your friends and family.
But a person could also spend that extra time working on their own side business and work towards making a lot more than just a small increase.