No. of Recommendations: 9
It wouldn't take a 50% tax to get me to stop working. If you can afford to stop doing it, why continue?

I stopped working a year and a half ago, and I'm starting to understand that there is a large number of "step function" taxes. Either I want to work very little during the year and stay near the poverty line, or work my ass off for the year. Those in the middle are the ones that get screwed.

Now that my earned income is just below the poverty line... my kids get free school lunch, 50% reduction in my gas/electric bill, 90% reduction in my medical premiums, 0% tax on dividends, 0% tax on capital gains, no deductible for my kids health care, etc.

Plus all the other costs when working, less time to find savings in food, etc.

(and my net worth is well over a million)

Once I start working all these taxes/costs/fees start to hit hard almost right away.

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