Comments on: Want to See Your Marginal Tax Rate if Health Care Surtax Passes?

By: Credit Card Chaser

Credit Card Chaser — Sat, 28 Nov 2009 22:56:15 +0000

With 10 being agree fully with the trickle down argument you can sign me up for being somewhere in the 9's.

My thoughts in a nutshell, more money visa vie lower taxes to those with higher incomes and they tend to invest more and hire more people i.e. directly and indirectly create wealth.

Contrast this to more money visa vie lower taxes to those with lower incomes and they tend to use their refund check to buy a new flat screen TV i.e. certainly good for the economy to some degree but they just consume the money rather than use it to create wealth.

By: Evan@MyJourneytoMillions

Evan@MyJourneytoMillions — Sat, 28 Nov 2009 21:11:21 +0000

CCC,

I am not sure where I fall on the trickle down argument (on a scale from 1 to 10), but it is absolutely on the scale somewhere

By: Credit Card Chaser

Credit Card Chaser — Thu, 26 Nov 2009 06:12:47 +0000

The more those people in the top tax bracket get penalized via higher taxes then soon enough it will be time for you to break out that tiny violin for everyone else who currently relies on those top tax bracket people to provide jobs for them…

By: Evan

Evan — Tue, 24 Nov 2009 13:58:38 +0000

FS,

These numbers are for both federal and state. It is pretty scary stuff out there right now, and instead of cleaning up spending the gov’ts just keep on taxing.

By: Financial Samurai

Financial Samurai — Tue, 24 Nov 2009 06:17:33 +0000

Wow, scary Evan!! 57% marginal tax rate in California? Is this Federal Only, or Federal + state? I’m assuming the later right, b/c the surtax adds 5% + 40% for the new marginal tax rate in 2012, + 10% California tax = 55%ish yeah?

Gotta move to Washington or Nevada as soon as possible, or defer all income to a far away land.

By: Evan@MyJourneytoMillions

Evan@MyJourneytoMillions — Mon, 23 Nov 2009 17:41:26 +0000

Donnie,

I am not sure how to respond to your comment and deleted and re-wrote it 3 or 4 times.

So instead, I'll just ask – why the disdain?

By: Donnie

Donnie — Mon, 23 Nov 2009 17:00:54 +0000

If only I had a tiny violin. Those poor, poor people in the top tax bracket…