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Re: Morning Metaverse
Jan 22, 2019, 20:39
Beamer
 
45.
Re: Morning Metaverse Jan 22, 2019, 20:39
Jan 22, 2019, 20:39
 Beamer
 
RedEye9 wrote on Jan 22, 2019, 19:11:
@Beamer
You're being trolled.
But you probably already guessed that.

I don't think that. The amount of middle class people that fight to make certain the 0.1% keep taking the lionshare of income is nuts. Often, it involves one of two fallacies:

1) That it isn't a zero-sum game, and we can all make more money together. This isn't factually accurate, the US only earns a certain amount per year. If one person takes more of it, 1000 people take less of it.

2) I'm constantly amazed at how many don't understand a marginal tax rate. While I've not seen evidence of that in this thread, Motley Fool published an article today about 401ks, and it seemed to think that if you made $80k, and put $5k in your 401k, you saved significantly by lowering yourself into a different tax bracket. That's a financial site! I've even known people who didn't want to work overtime, afraid it would knock them into a different tax bracket...
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