February 10th, 2003, 04:22 AM
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Corporal
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Join Date: May 2001
Location: Sydney, Australia (the 3rd island!)
Posts: 198
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Re: OT: Rating the President
Quote:
Originally posted by Imperator Fyron:
Only "normal" progressive income taxes discourage getting pay raises. Flat taxes and reasonable progressive income taxes (as in, the richest pay maybe 2x as much as the poorest that do not qualify for tax exemption for being below a poverty line) do not discourage that.
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A payrise is still a payrise. I'm in the top Australian tax bracket which means I pay a hefty 47% tax on my income over $60k AUD and I've never felt "discouraged" about getting pay rises. I've only ever seen people get upset about pay rises when theirs was less than a co-worker who they believe does inferior work. Satisfication with income is always based on comparitive measures, never absolute.
Askan
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It should never be forgotten that the people must have priority -- Ho Chi Minh
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