James Leroy Wilson's blog

Tuesday, December 14, 2010

Adam Carolla Economics

Check out my latest at The Partial Observer. Excerpt:

It seems ironic that someone could do something only for the hefty paycheck, and yet not be greedy. But if Carolla or Favre HAD been greedy, they would have lost their leverage. They were willing to walk away from their jobs and receive no money at all.

The same logic applies to the tax considerations of the wealthy.

Imagine someone earning supposedly $1,000/hour, but because of a 36% tax rate, nets $640/hour. Because the new tax rate will be 40%, his net income is $600/hour.

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