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Author: ShouldKnowBetter Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121340  
Subject: Re: Tax Deferred Annuity right for me? Date: 4/27/2013 8:48 AM
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I have yet to meet someone who will give me $ that they've earned so that they can get a tax break that's 1/3 of that amount. If you want to be the first, I'll be happy to provide you with an address where you can send the check.

Will you put in 1/2 of the hours I put in?


Of course I know some people who have decided to decrease how much they work because they don't feel like they need that much income - but really it isn't taxes that's driving that decision, it's that they don't want to work the hours or don't need the income


Unfortunately for me it is. I do need the money :), but don’t want to put in the hours any more (60-80 a week)

And those people who claim that they have a marginal rate of 40% or 50% on state+fed taxes on their income don't get a lot of sympathy from me if they complain about their tax rates. Sure I'd pay less if it was a "flat tax" - but I don't think it's a good idea - I think a progressive tax structure is appropriate, and a regressive tax rate structure is bad for society and bad for business.

The way the tax struxture is setup in this country encourges people not to be productive. i.e. To get more services, work less.

he should find a better advisor

Agreed
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