TwinTownBisonFan wrote:AZGrizFan wrote:
What was your net effective tax rate?
AFTER deductions (which didn't amount to a pot to piss in, as they're all conveniently phased out the more you make, ANOTHER disincentive to work hard), my NETR was 22.83%. Do I use 4-6x the services you do? I think not.
and yet... you aren't disincentivized... you still work and make money... and make money... and make money... and well... make a fuck ton of money...
it's amazing for all this disincentive conks claim exists in our tax code... people still manage to make money, grow wealth, prosper... you might be inclined to think... for all their bleating, that they were hurting... or completely full of shit.
Interesting perspective. Completely fucking WRONG, but interesting nonetheless. This was the first year I was in this scenario (well, second, if you count the distribution I took from my retirement plan in 2009 on which they taxed the fuck out of--stupid move, I know, but I was desperate at the time), so I am new to the "disincentive" family. But yes, I am DEFINITELY disincented to work harder to give MORE of my money to a government that wouldn't know how to spend it wisely if they tried. And I've got news for you, After taxes, $250,000 ain't what it seems like. Yeah, I know I'm preaching to the choir and just 10 years ago I made exactly what you made (not sure how old you are) so I've been in your shoes. But it's amazing, the more you make, the more you realize it's hard fucking work making money and you'd sure like to keep more of it. But the more you make, they more they take.
I drive A car, live in A house (and only have ONE, not 3-4 as you donk apologists seem to think every "rich" person has), eat 3 meals a day, usually something like spaghetti, hamburgers, pasta, etc...no caviar, no lobster, none of the "rich" food....yet I pay more than 5 x (from a percentage standpoint) of MY income to drive on the SAME roads, having the SAME impact. Why is that, in any warped sense of donk standards, considered "FAIR"?
Classic disincentive theory. And you're the fucking poster child for it.