Monday, September 19, 2011

Quotation Of The Day: Taxes Edition

From this Zachary Karabell column at The Daily Beast
Does anyone really assess their tax burden and decide that they would prefer to earn less in order to avoid paying a higher marginal rate? Yes, in a country of more than 300 million people, the statistical likelihood is that there are a few who would indeed say, “I would rather earn $378,000 a year and stay under the threshold of 35 percent taxes than earn $500,000 and pay a few thousand dollars more in taxes.” But there is also a statistical likelihood that about the same number of people believe that there is a secret NASA base on Mars. We live with outliers; we don’t construct national policy on the foundation of their delusions.

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