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.
Monday, September 19, 2011
Quotation Of The Day: Taxes Edition
From this Zachary Karabell column at The Daily Beast
Labels:
Quote of the Day,
Taxes
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