I guess I shouldn't care that some people are so galactically stupid, but come on. This article is about people who are planning on lowering their income below $250,000 a year so that they can avoid the tax increase proposed by the Obama administration.
Stop. Think about it for a minute. Take a look at your tax packet from the IRS. If the tax rate on income ABOVE $250,000 goes up, that doesn't mean that tax rates on income under $250,000 go up. If you make $300,000 a year, your total tax bill will go up and your take-home income will go down. If you lower your income to $249,999.99 a year, your income will go down by MORE.
You can't make more by making less. But maybe the idiots in this article deserve to make less.
Tuesday, March 3, 2009
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