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<blockquote data-quote="thedownhillEXPRESS" data-source="post: 1115116" data-attributes="member: 41741"><p>The incentive to produce argument is hogwash.</p><p></p><p>Do you stop working in march after you make your first $8925?(10% tax rate)</p><p>If you earn above that you have to pay 15%(an additional 5%) on income between $8926 and $36250 (you still pay 10% below that $8925), any incentive lost?</p><p></p><p>Would you quit work if they said you were getting a huge raise and going to be making $200,000 a year(33% on income ABOVE 183,251))? Where is the incentive?</p><p></p><p>Its a ridiculous argument....</p><p></p><p>You should be happy you are not a at top rate and all that additional tax you would have to pay.</p></blockquote><p></p>
[QUOTE="thedownhillEXPRESS, post: 1115116, member: 41741"] The incentive to produce argument is hogwash. Do you stop working in march after you make your first $8925?(10% tax rate) If you earn above that you have to pay 15%(an additional 5%) on income between $8926 and $36250 (you still pay 10% below that $8925), any incentive lost? Would you quit work if they said you were getting a huge raise and going to be making $200,000 a year(33% on income ABOVE 183,251))? Where is the incentive? Its a ridiculous argument.... You should be happy you are not a at top rate and all that additional tax you would have to pay. [/QUOTE]
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