Being Rich Makes You Stupid?
That seems to be what ABC news reporter Emily Friedman wants you to believe. I mean, when I first read this story, I truly couldn’t believe my eyes. Are there people out there earning over $250 000 that do not understand how tax brackets work? Check out this quote:
Dr. Sharon Poczatek, who runs her own dental practice in Boulder, Colo., said that she too is trying to figure out ways to get out of paying the taxes proposed in Obama’s plan.
“I’ve put thought into how to get under $250,000,” said Poczatek. “It would mean working fewer days which means having fewer employees, seeing fewer patients and taking time off.”
“Generally it means being less productive,” she said.
I really should have written this blog post yesterday because it appears that they have updated the article to reflect a tiny amount of common sense. But they still have the fools stating that they would cut back the amount that they work if they had to pay more taxes on the money they earn over $250 000. Cutting back to fewer hours because of this proposal is just ridiculous. Talk about cutting off your nose to spite your face.
If you really want to laugh at some incredibly foolish people, go ahead and check out the faulty logic and reasoning of Instapundit. He is blaming the downturn of the economy exclusively on the election of Obama. C’mon, now. Is anybody buying this nonsense? I sure hope not.
Just in case you don’t understand how tax codes work, go ahead and read this nice summary.
I should also mention that I found this story on Pandagon.
