11-05-2008, 04:57 PM
I'm not saying that this will give them the boost that they need to get into a different social class. I'm saying that it will give them enough to not have to live in extreme poverty conditions. I don't think that anyone should have to live like that.
I don't buy it that someone will keep from growing their compnay in order to not hit that $250K mark. Why would you really do that. If you want to get to the $500K mark, you have to get up there anyway. And personally, I'd rather get taxed higher on $500K than keep my business below the $250K mark. Maybe it's not "fair" that you'd get taxed at a higher rate, but life's not fair, and why not help out the rest of the nation that supports your growing business?
I think that people should donate to charity as well. Time, money, etc, but how many people do you know that make over $250K per year really give to charity to help people. I don't know many at all. Mostly, they're trying to stay within one st. dev. of the amount the majority of high earners give so that they can lower their adjusted gross income on their income taxes at the end of the year.
I think that you're totally right about living within your means though. I hate seeing someone that lives on welfare roll around in a $60k escalade that has $20K in accessories, but that's an example of someone who is taking advantage of the system.
....lost my train of thought.... sorry... quite busy today....
I don't buy it that someone will keep from growing their compnay in order to not hit that $250K mark. Why would you really do that. If you want to get to the $500K mark, you have to get up there anyway. And personally, I'd rather get taxed higher on $500K than keep my business below the $250K mark. Maybe it's not "fair" that you'd get taxed at a higher rate, but life's not fair, and why not help out the rest of the nation that supports your growing business?
I think that people should donate to charity as well. Time, money, etc, but how many people do you know that make over $250K per year really give to charity to help people. I don't know many at all. Mostly, they're trying to stay within one st. dev. of the amount the majority of high earners give so that they can lower their adjusted gross income on their income taxes at the end of the year.
I think that you're totally right about living within your means though. I hate seeing someone that lives on welfare roll around in a $60k escalade that has $20K in accessories, but that's an example of someone who is taking advantage of the system.
....lost my train of thought.... sorry... quite busy today....