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Retirement Discussions / Retire Well on Less
|Subject: Re: SS conclusion||Date: 11/11/2003 10:09 PM|
|Author: SeattlePioneer||Number: 225 of 1490|
<<Speaking of lies, Seattle P., how's this one: THE rich need tax breaks!!!!
Only if you want us to work, save and invest.
The marginal tax rate on the income from my business is close to 50%, including 15% self employment tax. With that kind of tax load, my aim is to do only the work that makes ME happy. If that means people can't find someone to fix their furnace, tough.
I'm sure there are a wide array of doctors, other professionals, tradesman and others who have cut back on their work effort because tax rates discourage working.
So-- the next time you need your furnace fixed and can't find anyone to help you ---call your Congressman.
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