Originally Posted by
forgot to bid
My understanding was when the tax rate was that high for those high income earners that there were also greater opportunities to deduct and shelter income from the IRS than is currently allowed.
If we went to 70% again with the current IRS system then you'd probably make more money not working.
You just revealed the goal of the Obama Administration. Dis encourage work, put them on eternal welfare, create a loyal voter. So sad but so true.