…if you tax achievement, some of the achievers are going to pack it in. Again, let’s take me. My corporations employ scores of people. They depend on me to do what I do so they can make a nice salary. If Barack Obama begins taxing me more than 50 percent, which is very possible, I don’t know how much longer I’m going to do this. I like my job but there comes a point when taxation becomes oppressive.
Bill O’Reilly, considering his future employment options in some Obama-wrought hellscape. 50% top tax rate it is, then.
PS, Bill: Wikipedia has a fascinating entry on just how it is that marginal tax rates work. Surely a man with your tremendous job-creation skill-set (one that has led to the employment of four score and seven employees) can read and understand this. So you know: not actually half your income. Even if it happened. Which it won’t, since it’s a figure (like most you employ) that you pulled out of a falafel.
PS, Bill: Wikipedia has a fascinating entry on just how it is that marginal tax rates work. Surely a man with your tremendous job-creation skill-set (one that has led to the employment of four score and seven employees) can read and understand this. So you know: not actually half your income. Even if it happened. Which it won’t, since it’s a figure (like most you employ) that you pulled out of a falafel.
Lemkin 