BO Stinks Wrote:
Nov 22, 2012 9:50 AM
Thank you Larry, for another insightful article- I worked with a man from Newark, NJ, who was a part time janitor on 2nd shift just trying to earn more money for his four kids and wife- he stayed on until he got his 'refund' after taxes and found he got knocked into higher tax bracket, then just felt they were taking too much and quit. What a shame- a progressive tax system can deter someone not just like this, but why would entrepreneurs undertake larger ventures as well, if the rewards for such risks and responsibilities are disincentivized as well? The prospect of O implementing more of this seems to be a credible reason for business to leave the USA even more so...