Quote:
Originally Posted by pylon
Fair enough, that is not what I am insinuating.
But for the better part, from my observations of some very successful people. There is no such thing as a '9-5' job in their world. The dealer group I used to work for, one of the two brothers that owned it, worked from 6am-10pm every, single, day. I would get emails from him sometimes at 2 in the morning. He treated his employees like absolute gold, and employed over 700 people in this city.
Is it fair for him to be over taxed? That's the guy you want to be happy with his tax rate, or else eventually he'll just say F-it, and shut the whole thing down.
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Define "over taxed". In the '70s personal income over $60K (about $350K in 2015 dollars) was taxed at nearly 70% and corporate taxes were in the 40-50% range. In the '60s the highest marginal tax rates were into the 80% range. People didn't just walk away from their businesses or quit being surgeons to become janitors because they made a little less money than they would've made if tax rates were lower.