Quote:
Originally posted by iroc409
what you're pointing out here is seemlingly a point of "everyone should be happy with mediocrity".
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I really wish people on the internet would learn to read
a thread in chronological order, without skipping stuff.
This wasn't the point at all. For the second time, the 'math' post
was just a bored response to some guy saying a 1+mil/year isn't much.
I suggest he go convince a fireman risking his life for $30K/year.
Quote:
Originally posted by iroc409
but where do they get the extra capital to make things work?
<snip>
if you tax a person who made 1 million dollars, $500k (just for example), that kind of capital could be re-invested in biz.
<etc>
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I am no tax attorney, but I am under the impression that if you are actually using the money to invest in business, you probably won't have to pay much in the way of tax on it. I'm sure it's more complicated than that, and there will be loopholes and exceptions, but in general that's the idea.(?)