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If someone making 1m a year in profit, who employs let's say 10 people, gets a tax increase of 7% (33 to 40), thats 70k a year less profit for that person...
Now, there is 2 options here, either he just let the gov take an additional 70k from him, which might seem little compared to the 1m, but I think its more than most people on this board make a year so claiming its not a lot is just stupid...
OR, how about he tries to recoup the 70k and fires one of his 10 employees? Now who did that increase help? <G>
I have 2 ideas though:
1) _cut_ _EVERYONES_ taxes, just cut middle and low class more %age wise than the rich, it will give everyone more money to spend and noone can really complain...
2) make it an option for the 1m guy to either get his taxes increased by 70k a year or pay each employee 7k more... how about that?
I for one would be much more inclined to make my employees happier than to pay more to the government who, quite frankly, does not do me any good that I can see...
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"Think about it a little more and you'll agree with me, because you're smart and I'm right."
- Charlie Munger
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