Saturday, July 11, 2009

Tax the rich?

The house appropriations commitee proposes we tax the rich to pay for health care reform. Rich being defined as 350,000 for married or 280,000 for singles. Now I'm not even close to these numbers, but if I was it would be from massive amounts of overtime. Why should I or anyone put in the extra work to possibly hit the magic number so that congress can spend the fruits of our hard work. This new tax burden is the last thing our economy needs while trying to shake out of the doldrums.

A more appropriate measure would be to find a way to reward the most productive people in our society thus encouraging hard work and productivity. I've often thought that overtime should be tax exempt. People who work 50-60 hours a week deserve to keep the money the make by going above and beyond.

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